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BP Exec: Oil Prices Have No Path To Upside For Now
Monday, March 16, 2020 - 10:44am | 328Read More...Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said on CNBC. What Happened BP was modeling as early as February demand for oil to weaken by 300,...
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Bernstein Upgrades Noble, Updates On North American Oil Players
Wednesday, June 6, 2018 - 11:51am | 558Read More...What impact will higher than previously expected oil prices have on the North American oil field services sector? Investors can expect continued revenue growth for companies over time as oil prices should sustain levels north of $70 per barrel, according to Bernstein. The Analyst Bernstein...
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As Average Price Reaches $2.49 This Year, Drivers Will See Highest Gas Prices Since 2014
Wednesday, January 4, 2017 - 11:59am | 357Read More...The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....
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What's A Leveraged Oil ETF Trader To Do With UWTI And DWTI Set To Delist?
Thursday, December 8, 2016 - 2:27pm | 371Read More...Oil traders will be losing a pair of the most popular leveraged trading tools this week. Credit Suisse has announced the delisting of the VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: DWTI) and the VelocityShares 3X Long Crude ETN linked to the...
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How Much Upside Do Oil Prices Have Left In The Near Term?
Monday, December 5, 2016 - 2:29pm | 338Read More...Crude oil prices hit their highest level in a year and a half on Monday, following last week’s strong performance with another push higher. The surge follows last week’s surprise decision by OPEC to cut production for the first time since 2008. Recent Performance Brent futures LCOc1...
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Credit Suisse Upgrades Imperial Oil To Outperform, Says Recent Rebalance Favors Company
Monday, October 24, 2016 - 8:43am | 343Read More...Credit Suisse upgraded shares of Imperial Oil Limited (USA) (NYSE: IMO), premising the improved opinion on stronger free cash flow generation that is expected to increase shareholder return in the form of renewed stock buybacks. Balance Evolving Analyst Jason Frew highlighted the firm's downward...
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Barclays Turns Positive On Oil, Upgrades Murphy Oil
Wednesday, July 13, 2016 - 2:15pm | 439Read More...Barclays has upgraded Murphy Oil Corporation (NYSE: MUR) shares to Overweight from Equal Weight on valuation. Rating, Target And Estimate "We think the risks associated with the stock are already well known and have been priced in by the market. Despite their strong performance YTD, the shares...
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Barclays Dials Back Oil Forecast Following Brexit Vote
Friday, July 1, 2016 - 2:53pm | 280Read More...Equity and commodity markets have bounced back strongly this week after last week’s surprise Brexit vote sent shock waves through markets around the world. However, when it comes to the oil market, Barclays is not quite ready to dismiss the long-term impact of the Brexit. “The slowdown...
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How One Russian Oil Tycoon Has Added $3.5 Billion To His Net Worth During The Oil Market Collapse
Tuesday, June 28, 2016 - 1:41pm | 388Read More...The majority of Russia’s oil tycoons have been financially crippled by the global oil price collapse. However, the Wall Street Journal’s Laura Mills reported that one Russian oil billionaire has more than doubled his net worth from $2.4 billion to $5.9 billion during one of the harshest...
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Cramer Explains Tuesday's Rally: Trading Algorithms 'Are Still Tied To Oil'
Tuesday, June 28, 2016 - 10:47am | 256Read More...U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...
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Fund Manager Franklin Templeton Bets On Higher Oil Prices
Wednesday, June 22, 2016 - 11:06am | 327Read More...Franklin Templeton Investments, which has $740 billion in assets under management, has been making some big bets that the oil rally is far from over. WTI prices, which dipped near $26/bbl in February, have recovered to around $50/bbl in recent weeks. However, Franklin Templeton believes that prices...
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Calendar Could Be Good News For These Commodities ETFs
Tuesday, June 21, 2016 - 9:31am | 553Read More...Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...
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Goldman Sees These 3 Areas Leading The Oil Market Recovery
Thursday, May 26, 2016 - 12:03pm | 291Read More...Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...
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Asian Stocks Mostly Higher On 'Limited News Flow,' European Stocks Follow The Lead
Wednesday, May 25, 2016 - 8:28am | 289Read More...Asian stocks closed mostly higher on Wednesday after U.S. equities posted strong gains on Tuesday. "Asian markets have had limited news flow to deal with today," Chris Weston, chief market strategist at spreadbetter IG told CNBC. "The bold moves [today] are a reflection of the belief that the...
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Petrobras Shares Underperform Despite JPMorgan Upgrade
Tuesday, May 24, 2016 - 3:44pm | 340Read More...ADRs of Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) have underperformed, despite a recent upgrade from JPMorgan. Rating And Justification JPMorgan upgraded the stock to Neutral from Underweight on potential for lower credit risk, asset sales momentum, favorable regulatory environment and...
