Commodities News

Blackstone CEO Sees ‘Remarkable’ Opportunities in Slumping Oil

Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil.

Oil’s Sudden Plunge Leaves Analysts Most Divided in Eight Years

Standard Chartered Plc’s Paul Horsnell forecasts oil will rise to $90 a barrel in the fourth quarter. Bank of America Merrill Lynch’s Francisco Blanch predicts $58. Six months ago, they were just $1 apart.

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