Oil Prices Give Back Some Gains After Rally on Libyan Production Halts

Dow JonesAug 27 09:51 ET

Goldman Cuts Oil Outlook Below US$80 as Opec+ Risks Send Chill

The Edge MarketsAug 27 05:20 ET

The oil price decline shows no signs of stopping? The OPEC+ decision is crucial, with Goldman Sachs and Morgan Stanley both bearish until 2025.

Wall Street is concerned about the crude oil product outlook for next year, with Goldman Sachs and Morgan Stanley both lowering price forecasts due to the global increase in supply.

Zhitong FinanceAug 27 02:53 ET

Overnight US stocks | The three major indexes rise and fall differently, the Dow hits a new historical high, and the tense situation in the Middle East helps crude oil surge by more than 3%.

At the close, the Dow Jones Industrial Average rose 65.44 points, or 0.16%, to 41,240.52; the Nasdaq Composite fell 152.03 points, or 0.85%, to 17,725.77; the S&P 500 Index fell 17.77 points, or 0.32%, to 5,616.84.

Zhitong FinanceAug 26 18:16 ET

Oil prices rise more than 3%! "Double Storm" in the Middle East situation upgraded + Libya suspends exports.

The eastern government of Libya announced today that it has halted all crude oil production and exports. Concerns about disruptions in crude oil supply have soared due to the large-scale attack on Israel announced by Hezbollah yesterday. Brent crude oil touched $81 at one point today, while WTI crude oil rose above $77.

wallstreetcnAug 26 09:23 ET

Pepe Price Forecast: PEPE Poised for a 15% Slump as It Fails to Overcome Key Barrier

FXStreetAug 26 05:06 ET