Stories Related to Wall Street Speculators Driving Up Oil Prices

Wall Street Speculators Driving Up Oil Prices

WASHINGTON -- Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating well below capacity. Yet oil prices keep marching toward $90 a barrel, pushing gasoline toward $3 a gallon in many markets, and prompting American drivers to ask, "What gives?" Blame it on the same folks who brought you $140 oil and $4 gasoline in 2008: Wall Street speculators. More on Financial Crisis

Sections:  news   business   
Topics:  gasoline   oil   oil prices   oil speculation   speculators   wall street   
RELATED ARTICLES
BING NEWS:
  • British commodities broker Marex's Nasdaq debut gets lukewarm response
    Shares of British commodities broker Marex Group rose 2.6% on Thursday in their market debut on the Nasdaq, notching a valuation of $1.38 billion. The lukewarm debut of the London-based company was in ...
    04/25/2024 - 5:17 am | View Link
  • Here's Why US Foods Holding (NYSE:USFD) Has Caught The Eye Of Investors
    It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. US Foods Holding maintained ...
    04/16/2024 - 4:21 am | View Link
  • Wall Street’s Bet: Can OPEC+ Stave Off $100 Oil?
    T he looming threat of a widening conflict in the Middle East has reignited discussions about the possibility of oil prices reaching $100 per barrel. Despite this concern, Wall Street is closely ...
    04/15/2024 - 9:21 pm | View Link
  • The Bargain Hunter’s Portfolio: 7 Smart Stock Buys for the Shrewd Investor
    With so much attention paid to artificial intelligence and cryptocurrencies, the risk-on segment of the global markets has enjoyed tremendous upside, which subsequently makes the search for bargain ...
    03/25/2024 - 8:50 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News