…Russia’s cash pile has dropped to a five-year low as its central bank spent more than $80 billion trying to slow the ruble’s retreat. The currency’s collapse combined with more than a 40 percent tumble in oil prices this year …Read more

Kevin Mahn, chief investment officer for Hennion & Walsh Asset Management, said on Monday that the long-term prospects for the U.S. shale-oil industry are still good as the nation “will be energy independent within 10 years.” He said oil prices …Read more

Still, oil prices aren’t expected to quickly rebound to the summer’s highs of $107 a barrel. “I don’t see anything in terms of supply or demand that’s going to push the prices of oil upwards,” said Hennion & Walsh chief …Read more

Still, oil prices aren’t expected to quickly rebound to the summer’s highs of $107 a barrel. “I don’t see anything in terms of supply or demand that’s going to push the prices of oil upwards,” said Hennion & Walsh chief …Read more