Search investingLive
Home
Russia's Novak sees over-supplied oil market for the rest of 2016

Russia's Novak sees over-supplied oil market for the rest of 2016

News
Mike Paterson
29/07/2016 | 10:20 GMT

Russian oil minister on the wires 29 July 2016

Can't disagree with him on that one and markets this week have nodded in that direction too with oil prices retreating again.

Brent $42.18 with WTI back below $41.00 at $40.80

Most Popular

Best in 2026

Sponsored

General Risk Warning
Best Forex Brokers in 2026: Detailed Comparison
Best Prop Firm in 2026: Detailed Comparison
investingLive Premium
Telegram Community
Gain Access
View more

Oil prices surge 11% on Strait of Hormuz threats; US economy faces inflation risk.

CNN Business
19m ago

Prediction markets price Trump removal at 35%. Traders weigh political risk vs. potential market shifts.

Daily Kos
51m ago

Vietnam's Q1 growth hits 7.83% despite 4.65% CPI rise. Fuel costs surge, impacting gig workers.

Al Jazeera
55m ago

GBX faces earnings Tuesday. Revenue down YOY, but EPS beat last Q. Peers struggle.

StockStory
1h ago

OpenAI's $122B raise fuels AI growth. Microsoft sees 18x return, SoftBank $50B gain. Valuation sky-high!

inc
1h ago

KRUS heads into earnings up 12.8% with a $76.20 target vs $69.49 price. Watch revenue growth!

StockStory
1h ago

Oil prices surge amid Iran tensions. Dow futures drop 0.61%, S&P 0.57%, Nasdaq 0.56%. Dollar gains.

Fortune
1h ago
investingLive Premium
Telegram Community
Gain Access

Best in 2026

Sponsored

General Risk Warning
Best Forex Brokers in 2026: Detailed Comparison
Best Prop Firm in 2026: Detailed Comparison

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}