Oil extends slide on US inventory forecast
!["February, March and April will be very tough for the oil market," said Scott Roberts, portfolio manager and co-head of high yield who manages $US2.7 billion at Invesco Advisers in Atlanta.](/content/dam/images/g/j/n/j/a/5/image.related.afrIndexLead.320x210.gmk3fz.png/1454429667677.jpg)
Oil dropped for a second day before government data forecast to show US crude stockpiles expanded, exacerbating a global glut.
Oil dropped for a second day before government data forecast to show US crude stockpiles expanded, exacerbating a global glut.
International law firms used to be attracted to Australia becauseĀ of the burgeoning commodities market but now they are expanding because of the resources slump.
Oil's longest rally this year faltered on signs industrial activity in China is deteriorating, potentially hurting demand as OPEC pumps record amounts of crude.
The potential that Santos boss Kevin Gallagher might celebrate his first week in office by reopening an asset sale process abandoned by his board less than three months ago is mind-bending.
Jason Beddow, of the $5 billion fund Argo, thinks oil will recover towards $US50 a barrel in 2017 and the big banks may hold their dividends at current levels.
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Origin Energy became the latest Australian energy producer to be hit by the sharp fall in the oil price, with its December quarter revenue s...
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