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Oil, gas industry voices ‘unbelievable' worries about the election and America's 'business killer'
Cameron Energy's Arthur Stewart, Tyler Martin and Independent Women's Forum Center for Energy and Conservation director Gabriella Hoffman talk to Fox News Digital about the industry's top concerns ahead of the presidential election. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
Fed's unexpected rate cut boosts crude prices. Traders eye $72.21 resistance, while U.S. crude exports and Middle East tensions drive market action.
Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.
John Browne, former chief executive of BP, was the first boss of an oil major to acknowledge the link between greenhouse gas emissions and global warming. It was a move, according to Browne, that led his industry peers to treat him like a black sheep, despite being lauded as the 'Sun King' of the sector and one of the most celebrated British business leaders of his generation.
Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy.
The oil market has been rattled this month by worries about a growing imbalance between supply and demand. Bulls are hoping that a decision by the Fed to cut interest rates for the first time in years could put a bid into the market.
Rising U.S. crude inventories push oil futures lower, with API reporting a 1.96M barrel build. Bearish sentiment grows as traders await Fed rate cut decision.
Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.
Oil stares at a bleak future as China's economy sputters. The good news: A market 'bust' is unlikely
China, the main engine driving the world's oil demand, has been sputtering. Tepid Chinese oil demand, coupled alongside a perceivably oversupplied market, has driven U.S. crude prices down to their lowest in over a year.
More than 200,000 barrels per day remained offline in the Gulf of Mexico as of Monday. The oil market is also bracing for the Federal Reserve's decision on interest rates Wednesday.