According to Bloomberg News, with weaker oil price and a stronger dollar worldwide, commodities are facing the biggest annual loss since the global financial crisis in 2008.
According to Bloomberg News, with weaker oil price and a stronger dollar worldwide, commodities are facing the biggest annual loss since the global financial crisis in 2008.
As oil prices have dropped as much as 49 percent in 2014, independent oil exploration and production companies are suffering. As their profits decline, those companies heavily are relying upon bank credit line to survive.
Understanding the Risks of Oil Drilling Investments – Especially in the Current Pricing Environment. Current pricing for oil has dipped below $70 per barrel, off from June highs of over $100 per barrel. What does that mean for domestic oil producers, investors and their financial advisers?