Tag Archives: oil prices

Home Sales Still Down from COVID-19

Showing a drop to the lowest levels in more than nine years, home sales are finally starting to rise above record lows. Home prices have also risen by the smallest amount seen in about eight years. The cause continues to be coronavirus, which still has people largely unwilling to get out and look at homes to buy. Some areas are ...

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President Trump Wants U.S. Troop Reduction in Germany

President Trump announced on Friday that he wants to reduce the number of U.S. troops in Germany by about a quarter. This would bring down the number of troops stationed there to 25,000 from 34,500. The actual order has not yet been given. In recent months, there has been friction between the U.S. and Germany, largely because Germany has not ...

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Protests Are Impacting the Market

Protests across the nation over the death of George Floyd, the black man who was killed by a policeman, are grabbing the headlines. Many have been arrested during the protests over the weekend and they do not seem ready to abate. Police officers have been injured and the National Guard has been activated in 12 states. They have also been ...

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The Stock Market Rallies Once Again

After a large loss yesterday at the stock market, Tuesday saw a large recovery. Investors are glad to see such a strong one-day gain after things were looking quite bleak on Monday. Salary Tax Cuts for Business Promised One of the events that were believed to bring some positive action to the markets was the White House’s move to help ...

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The Oil Wars Have Begun

After a deal between Russia and OPEC could not be reached, oil prices were sent to levels it has not seen since 2016. Russia was hoping to broker a deal with Saudi Arabia in which overall oil production would be reduced. The major oil-producing company refused to cut production. In fact, they did the opposite – announcing that they would ...

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The Oil Market Slowdown

China reported earlier today that there was a decrease in the daily number of deaths from coronavirus. While this is certainly good news, there is no way of knowing whether the trend will continue. Many markets have been affected, and the oil market continues to suffer from it. Oil Prices Slip At 2:00 pm, oil is showing a slight dip ...

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