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Goldman Sachs Issues Bearish $40 Oil Forecast As OPEC+ Pumps More: Energy Stocks Sink
Monday, May 5, 2025 - 11:33am | 621Read More...Crude prices fell sharply after OPEC+ surprised markets with a bigger-than-expected production hike. This prompted Goldman Sachs to slash its oil price outlook and triggered a selloff in U.S. energy stocks. In a note shared Monday, Goldman Sachs commodity analyst Daan Struyven said the bank lowered...
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Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave
Tuesday, March 25, 2025 - 12:05pm | 718Read More...Copper just blew past record highs, dismissing recent recession fears as stimulus optimism in China and potential U.S. tariffs spark a rush into the red metal. Copper futures traded at the New York Mercantile Exchange rallied 1.6% to $5.17 per pound on Tuesday, notching historical records. What's...
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Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting
Tuesday, June 4, 2024 - 4:49pm | 454Read More...Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to...
