December 27, 2017: Markets opened slightly higher Wednesday and all three major indexes traded in a narrow band not too far from the opening line. Among the S&P sectors, counter-cyclicals posted small gains while energy and telecom were the biggest daily losers. WTI crude oil for February delivery settled at $59.34 a barrel, down 0.6% for the day, partly due to news that the North Sea Forties....More>>>
Oil futures turned higher Thursday after government data showed an unexpected drop in crude inventories last week.
The Energy Information Administration said crude-oil stocks fell by 1.616 million barrels in the week ended Feb. 16. Analysts surveyed by The Wall Street Journal had forecast a 1.9 million barrel rise.
West Texas Intermediate crude oil for April delivery
Since bottoming at $42.05 per barrel June 19, 2017, West Texas Intermediate (WTI) crude oil has been on a tear. Earlier this month, WTI crude oil prices raced above $70.00 a barrel for the first time in more than three years.
Today, we’re bringing you the two best ways to profit from higher oil prices as we head into the summer driving season…
While crude oil prices....More>>>
This week, 15 Oil Gas & Consumable Fuels stocks are improving their overall ratings on Portfolio Grader. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”).
Enbridge Inc. (ENB) gets a higher grade this week, advancing from a C last week to a B. Enbridge Inc. is in the business of transportation and distribution....More>>>
Mexico has taken the first steps in the world’s largest annual oil deal, asking Wall Street banks and other traders for quotes to lock-in its income from production through next year, according to people familiar with the matter.
The country has been asking counterparties this week for quotes to hedge output, the people said, asking not to be identified because the information is confidential.....More>>>