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'Upside Surprise': Stock Market Update For The Week Ahead
Sunday, November 15, 2020 - 6:26pm | 1155Read More...The Past Week, In A Nutshell What Happened: Last week ended positively on news that a Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) COVID-19 vaccine was more than 90% effective in preventing the virus in participants without evidence of prior infection. Remember This: “We believe the...
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Stock Market Update For The Week Ahead: 'Positive Performance Regardless Of Which Party Wins'
Monday, November 2, 2020 - 8:40am | 1238Read More...The Past Week, In A Nutshell What Happened: Last week ended negative despite better-than-expected earnings. Remember This: “Overall market performance also tends to stall leading into an election," said Phil Mackintosh, Nasdaq Chief Economist. "Although once a result is known,...
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'Room For Disappointment': Stock Market Update For The Week Ahead
Monday, September 14, 2020 - 6:10am | 2287Read More...The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...
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2 Oil Stories To Know On Thursday
Thursday, June 22, 2017 - 10:05am | 431Read More...Oil prices continue trading near its 2017 lows but did bounce higher early Thursday morning. The price of U.S. crude futures gained around 25 cents a barrel to trade at $42.76, which still marks an approximate 20 percent decline since peaking in February. Here are two oil-related news reports of...
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3 Factors Impacting Oil As Price Marks 7-Month Low
Tuesday, June 20, 2017 - 11:38am | 502Read More...Oil prices fell to seven-month lows on Tuesday, with Brent Crude falling to $45.62 a barrel. Several oil ETFs were trading 3–7 percent lower in Tuesday’s pre-market session on the news, including United States Oil Fund LP (ETF) (NYSE: USO), which fell to its lowest since February 16,...
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Oil Down 15% Year To Date; What's In Store For The Rest Of The Year?
Monday, June 12, 2017 - 2:51pm | 875Read More...Bearish sentiment has taken hold of crude oil prices as various analysts and agencies have slashed their forecast for this year and next. On Wednesday, oil fell a little over 5 percent to a one-month low of $45.72, taking the year-to-date loss to 15 percent. However, there has been a recovery on...
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So Much For The OPEC Deal: Oil Trading Near Multiweek Lows
Thursday, June 1, 2017 - 8:50am | 334Read More...The Organization of the Petroleum Exporting Countries extended a 2016 agreement which calls on most of its members and several non-members to collectively lower their oil output to help support oil prices. One week later, the price of oil is flirting with a multiweek low — causing some...
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Axiom's Gordon Johnson On Why PV Installations In The U.S. Could Be Cooling
Thursday, February 2, 2017 - 9:52am | 452Read More...Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...
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Natural Gas Weak Despite Cold Forecast, Bigger-Than-Expected Inventory Drawdown
Thursday, December 22, 2016 - 2:35pm | 409Read More...Natural gas futures were lower despite bullish inventory data released on Thursday. Futures haven't budged much to the forecasts for colder weather either. Higher Than Expected Inventory Drawdown The Energy Information Administration said in its weekly natural gas storage report natural gas...
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EIA's Inventories Data Sends Oil Higher
Wednesday, October 19, 2016 - 10:10am | 237Read More...The price of oil rose Tuesday afternoon after the American Petroleum Institute's weekly data announcement showed an inventory draw of 3.8 million barrels, which came as a surprise as analysts were expecting a build of around 2.4 million barrels. On Wednesday, the Energy Information...
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Explaining Fundamental Data In Oil: Which Figures Should You Look At?
Thursday, September 22, 2016 - 7:57am | 434Read More...During Wednesday’s PreMarket Prep, Benzinga discussed weekly oil data with Garrett Cook. Cook first looked into American Petroleum Institute (API)’s information, which last published crude oil inventory data Tuesday evening. As per the numbers issued, crude inventories drew by 7.5...
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Analyst: Natural Gas Glut Is Masking Booming U.S. Demand
Friday, July 15, 2016 - 1:47pm | 332Read More...Natural gas prices have plummeted to near all-time lows in the past year due to a huge oil and gas supply glut. However, according to Reuters' oil and gas analyst John Kemp, that same supply glut is masking a surge in U.S. gas demand. U.S. power producers burned a record amount of natural gas last...
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Global Fossil Fuel Electricity Demand Will Peak In 2025
Tuesday, June 14, 2016 - 1:03pm | 411Read More...In at least one segment of global energy demand, fossil fuel demand growth could peak by 2025. Tom Randall reports that Bloomberg New Energy Finance projects fossil fuel demand for electricity will finally hit its peak in another nine years. “You can’t fight the future,” the...
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Oil Prices Jump 6% On Surprise U.S. Drawdown, But World Bank Sees Limited Upside In 2016
Friday, April 8, 2016 - 11:57am | 413Read More...Oil prices are up sharply in Friday’s session as investors are displaying optimism about the reported 5-million-barrel drawdown in U.S. crude stockpiles last week. The EIA’s reported 5-million-barrel drawdown was much better than the 3.2 million barrel build that analysts had forecast....
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Crude Oil Spikes Over $36/Barrel Following API Data, Ahead Of EIA Inventories
Wednesday, April 6, 2016 - 8:10am | 105Read More...Crude oil prices went beyond $36 a barrel mark after a data from American Petroleum Institute (API) showed an oil inventory draw down of 4.3 million barrels. The data also showed that gasoline draw of 116,000 barrels and distillate build of 2.68 million barrels. The API data is a closely watched...
