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Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.An index of oil and gas exploration and production tumbled 8.15 percent on Friday as U.S. crude fell almost 10 percent to around $66.36 per barrel to hit its lowest in 4-1/2 years.The slide came the day after oil cartel OPEC decided not to ...
U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC's decision not to cut output sent oil traders and analysts scurrying to find a new trading floor."I see little reason to buy oil now. I think people are either going to drive it down further or just let the market collapse," said Tariq Zahir, managing member ...
India's gold imports could climb to around 100 tonnes for a third straight month in November as dealers buy heavily for fear of curbs on overseas purchases, especially as the wedding season picks up, traders said.Local premiums have fallen to about $10 an ounce from $18 last week due to the speculation over curbs, they said.Curbs on gold imports figured in a meeting of central bank and finance ministry ...
Gold extended losses into a third session on Friday, dropping to a one-week low, on expectations that plunging oil prices could sap inflationary pressure, curbing the metal's appeal as a hedge.Oil hit four-year lows around $70 a barrel, as OPEC resisted the temptation to cut back production following a more than 30 percent plunge in prices since June.The drop in oil prices, along with the resulting ...
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