News
National Capital Markets

Oil Transitions Into Trading Market

After months of booming and falling it’s beginning to look like oil prices are set to remain in a narrower trading range.

US oil prices are in their sixth month of trading between $40 and $50 a barrel, and though this new normal is frustrating long-term investors, it's easing pressure on oil companies, the Wall Street Journal reports. Yet some investors are taking advantage of the pricing shift by moving in and out of the market quickly to capitalize on small gains, according to Commodity Futures Trading Commission data.

“It’s a trading market if I’ve ever seen one,” says Lee Kayser, portfolio manager at Russell Investments. “It just seems there are a lot of short-term players in the market right now…due to this choppiness.” [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift