The Wall Street Journal reported that banks have raised their crude oil price forecasts for the sixth straight month and expect the price of Brent crude to average $63 a barrel this year. read more

APR 2, 2018 - 6:47 am

The Wall Street Journal reported that U.S. crude oil prices have climbed to more than $70 a barrel as suppliers have capped production and stockpiles are shrinking. read more

JAN 26, 2018 - 7:03 am

The Wall Street Journal reported that oil prices dropped due to trader concerns over an uptick in drilling coupled with anticipated production cuts. read more

JAN 9, 2017 - 7:00 am

Bloomberg reported that the International Energy Agency said that talks about a possible production freeze between crude-exporting nations is not the primary driver behind rising oil prices. read more

MAR 18, 2016 - 6:18 am

According to Bloomberg, the International Energy Agency said that oil prices have passed their lowest point as shrinking supplies outside of OPEC eat into the global surplus. read more

MAR 11, 2016 - 6:58 am

According to a Fitch Ratings’ report, Q4/15 results for U.S. banks showed generally lower net income affected by market volatility, interest rate uncertainty and pressures in oil & gas. read more

FEB 1, 2016 - 6:48 am

Bloomberg reported oil dropped below $30 a barrel in New York for the first time in 12 years on concerns that turmoil in China’s markets will curb fuel demand. read more

JAN 13, 2016 - 6:53 am

In a Bloomberg report, Morgan Stanley said that continued appreciation of the U.S. dollar could push Brent oil prices to as low as $20 a barrel. read more

JAN 11, 2016 - 7:21 am

Bloomberg reported oil prices changed very little despite diplomatic conflict between Saudi Arabia and Iran, which demonstrates the atypical state of the oil market. read more

JAN 5, 2016 - 7:07 am

Bloomberg reported oil speculators are buying options contracts that will only payout if crude drops to a low of $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. read more

DEC 23, 2015 - 6:50 am

The Wall Street Journal reported that crude oil prices rose 27% in the last three sessions due to lower revised estimates of U.S. oil output and a report that hinted that OPEC may be considering cutting production. read more

SEP 1, 2015 - 6:21 am

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Bloomberg reported the $60 billion of oil industry spending cuts this year won’t be enough as crude oil prices languish near a six-year low. read more

AUG 13, 2015 - 7:10 am

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A renewed drop in oil prices has put U.S. shale drillers at risk of losing crucial sources of funding. read more

AUG 11, 2015 - 7:02 am

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Evidence shows onshore drilling activity in the U.S. is not sustainable, given the current state of oil prices and issues facing producers. Joseph R. D’Angelo, partner at Carl Marks Advisors, looks at restructuring issues facing fracking suppliers and providers, and advises steps to take when secured lenders are hit with vulnerable credits.... read more

May/June 2015

In an article released by CIT, Mike Lorusso, Group Head and Managing Director, CIT Corporate Finance, Energy, asks, what does the drop in oil prices mean for related business that support the industry? read more

APR 2, 2015 - 7:06 am