Price

Oil Price Could Crash to Negative $100 Next Month. Here are 3 Reasons Why

Oil prices could dive deeper into negative territory next month. The global economy will contract this year, further dampening demand. Angela Merkel has warned that the novel coronavirus is not going away soon. Oil prices reached uncharted territory earlier this week by falling to sub-zero levels. With consumption not expected to improve anytime soon, they…

This Is Why the Oil Price Is About to ‘Surge’ $40 Overnight

Front-month U.S. oil prices plunged below zero for the first time in history. But they’re about to “surge” around $40 overnight. Both of those statements are at least partly true. And yet neither of them tells the whole story. U.S. oil prices crashed to their lowest level ever on Monday, careening as low as negative…

Dow Nosedives as U.S. Oil Price Plummets a Staggering 300%

The Dow Jones started the week with a painful nosedive. An epic collapse in the price of May’s WTI crude futures contract saw front-month oil prices go profoundly negative. With a wave of job losses likely, the Dow has another big problem on its hands. The Dow Jones nosedived on Monday as the impact of…

PS5 Price Will Be Astronomical Based On Hard Sell ‘Reveal’ Event

The PS5 price will be astronomical if Sony is selling it this hard. Wednesday’s PlayStation 5 “reveal event” was a major tease for PS5 gamers. The company pulled out all the stops to build value ahead of the release, using the same sticker shock prevention tactics employed in car sales. Sony live-streamed an event billed…

How ‘Price Gouging’ Face Masks Can Help Fight Coronavirus

Authorities are cracking down on sellers for “price gouging” as people panic-buy face masks. They’re also urging people not to panic-buy face masks as shortages threaten an effective coronavirus response. While companies appear guilty of “profiteering” from the crisis, raising prices could ration vital medical supplies. Authorities, governmental and otherwise, are cracking down on companies…

Hasbro is Price Gouging UK Customers With Their New Tiger Electronics Games

Hasbro is releasing these throwback handheld consoles featuring Sonic the Hedgehog and The Transformers amongst others. While these units are priced at around $15 in the U.S., they’re the equivalent of nearly $30 in the UK. Is this a mistake, or a deliberate act of price gouging from Hasbro? Hasbro recently decided to bring some…

Gold Price Hits 7-Year High as Fed Scrambles to Curb Rate-Cut Mania

Gold surged 0.9% to $1,626.50/oz., a new seven-year high. Federal Reserve Board members are pouring cold water on expectations of gradual rate cuts this year. Stocks suffer a major setback over coronavirus, overvaluation fears. Gold charted a fresh seven-year high Thursday after the Federal Reserve’s top brass tried to temper the market’s expectation of another…

No Hope for Oil Price Revival as Coronavirus Blunts Chinese Demand

Oil prices rallied on Friday, capping off their first weekly gain in six. Goldman Sachs and the Energy Information Administration (EIA) have cut their forecast for 2020 crude prices. Coronavirus and the sharp downturn in Chinese consumption are largely to blame. Oil prices were back in rally mode on Friday, gaining modestly on hopes that…