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Ackman concedes oil plunge will hit Canadian Pacific Railway

2014-12-18 19:48:44| Railroads - Topix.net

CP shares have been on a roller coaster since October as investors weighed the effect of the lower crude prices on the company that has pegged one-third of its growth to soaring demand to move oil by train. RBC says lower oil prices don't necessarily mean more spending power for Canadian consumers.

Tags: hit oil pacific canadian

 

Airline stocks, profits soar thanks to oil plunge

2014-12-16 21:44:54| Airlines - Topix.net

Fuel is the largest expense for airlines, accounting for more than a quarter of their operating expenses. While drivers are excited about gas at $2 a gallon, their savings are likely to come to just $10 a week.

Tags: oil stocks airline profits

 
 

Oil Price Plunge Is Deflationary Canary In Coal Mine

2014-12-16 00:41:10| Steel - Topix.net

The price of oil has experienced a sudden and sharp drop. Both the Brent Crude and West Texas Intermediate oil benchmarks have fallen from $105 in July to the upper $50's in December of 2014.

Tags: price oil mine coal

 

Oil prices plunge, signaling drilling slowdown

2014-12-14 18:47:48| Oil & Gas - Topix.net

U.S. benchmark oil dropped $2.14 Friday, or 3.6 percent, to $57.81 a barrel. Brent, the international benchmark, lost $1.83, or 2.9 percent, to $61.85 a barrel.

Tags: prices oil drilling signaling

 

U.S. stocks plunge as oil rout continues

2014-12-13 06:14:26| Steel - Topix.net

Seven days after closing at record levels on the back of a strong employment report, the stock market slumped to its worst weekly loss in two and a half years. The catalyst for the sell-off was an extension of a rout in oil prices.

Tags: oil continues stocks plunge

 

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