Oil

This year has been another disappointing one for Exxon Mobil Corporation (NYSE: XOM) investors, and one Wall Street analyst said a major jump in oil prices could mean more of the same for Exxon in 2019. The Analyst Raymond James analyst Pavel Molchanov reiterated an Underperform rating on...

Oil staged a nice recovery Friday morning thanks to OPEC's proactive stance in stemming the rot the oil market is going through. What Happened Following the OPEC and non-OPEC ministerial meeting, the two parties reportedly agreed to cut oil production by a cumulative 1.2 million barrels per day...

WTI grade crude oil is once again threatening to break below the $50-per-barrel barrier following two sub-$50 sessions in late November. What Happened Oil opened Thursday's session modestly lower at $52.67, but gyrated between $53.28 and $50.24 amid news emerging out of Vienna, where OPEC...

The end of 2018 has demonstrated the continued volatility in the crude oil market.  Experts predicted a return of $100 barrel by 2020 due to prices surpassing $86.76 in October.  However, throughout October and November prices tumbled to just under $58.71.  As the world's...

Among single-country exchange traded funds, the iShares MSCI Qatar ETF (NASDAQ: QAT) doesn't get a lot of attention, but that changed Monday. QAT, the only U.S.-listed ETF focusing on stocks in Qatar, declined on news the country will depart the Organization of Petroleum Exporting Countries (...

U.S. stocks got a big lift Monday after the G20 meeting over the weekend cleared up some major uncertainties for investors. The G20 produced some major developments on the trade war front, with the U.S. and China agreeing to a 90-day truce while a deal is negotiated. In addition, Russia and Saudi...

Oil was moving 4 percent higher Monday after three weekend developments: Russia and Saudi Arabia agreed to extend oil output cuts. Alberta Premier Rachel Notley shocked the oil market with a mandatory province-wide 8.7-percent production cut. Oil-rich Qatar said it will leave the OPEC...

Oil prices surged Monday after a November in which prices fell more than 20 percent. The new wave of optimism in the oil market stems from some major headlines from the G20 summit over the weekend. Trade Truce The biggest headline for the global oil market may have had nothing to do with OPEC...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Nov. 30, 1999, a $73.7 billion merger between Exxon and Mobil Oil established the largest company in the world. Where The Market Was The S&P 500 plunged from $282.70 to $224.84,...

The 2018 G20 summit will be held in Buenos Aires, Argentina starting Friday, and this year’s meeting is lining up to be an extremely important one for global financial markets. The two major areas investors will be watching at this year’s event will be any developments on the...