More Charges of Oil Manipulation Plague Major Producers
The commodity world has been plagued by lawsuits and cries of foul play for what seems like decades now. For as long as there have been exchanges for physical commodities, there have been accusations of price manipulation along with some very compelling evidence. From the Hunt Brothers’ silver game to the recently accused Goldman Sachs, market manipulation for hard assets has been a continued theme [for more commodity news and analysis subscribe to our free newsletter].
Conflict In Syria Pushes Oil Higher
In the commodities world, oil is undeniably one of the most important resources on the globe. Its price movements are closely tied to nearly every economic factor, as well as both domestic and international conflicts. In recent weeks, the escalating violence in Syria has put significant upward pressure on oil, pushing the fuel over $110 a barrel. While the country itself is not a major oil producer, its close geographic proximity to key sea routes and pipelines has investors understandably concerned over the immediate future of the commodity [for more oil news and analysis subscribe to our free newsletter].
Earnings Preview: Big Oil On Tap This Week
As we enter the heart of earnings season, all eyes are fixated on bellwether firms and how they have fared over the most recent quarter. The coming week will be a big one for the crude oil industry, as the vast majority of leading oil producers will report in the coming five-day stretch. Crude oil has been under a microscope since experiencing downward pressure in the latter part of 2012. Since then, the commodity has rallied nearly 11%, which may have a big impact on the underlying revenues of big oil [for more oil news and analysis subscribe to our free newsletter].
