crude oil prices

crude oil prices

Crude Oil Jumps on OPEC Bulletin

Crude oil prices jumped Monday morning and blasted even higher through the noon hour to hit a daily high near $49 a barrel on West Texas Intermediate (WTI) for October ...
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Oil Rig Count Adds 1; Natural Gas Drillers Drop 8 Last Week

In the week ended August 28, the number of rigs drilling for oil in the United States totaled 675, compared with 674 in the prior week and 1,575 a year ...
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Why Carl Icahn Might Not Succeed in Freeport-McMoRan

Activist investor Carl Icahn disclosed nearly an 8.5% stake in the copper and gold miner Freeport-McMoRan Inc. (NYSE: FCX) after the markets closed on Thursday. This is not the first ...
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Will the Jump in Crude Oil Prices Last?

The spot price for October delivery of West Texas Intermediate (WTI) crude oil settled up more than 10% on Thursday and traded up about 3.5% more in the late morning ...
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Key Analyst Sees Huge Upside in Schlumberger After Acquisition

Schlumberger Ltd. (NYSE: SLB) announced on Wednesday that it will be acquiring Cameron International Corp. (NYSE: CAM) in a cash and stock deal. The agreement was unanimously approved by both ...
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Seadrill Rises on Solid Earnings Beat

Seadrill Ltd. (NYSE: SDRL) reported its second-quarter financial results before the markets opened on Thursday. The company had $0.77 in earnings per share (EPS) on revenue of $1.15 billion, compared ...
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Crude Oil Price Dips After Inventory Shows Big Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 5.5 million barrels last week, maintaining a total U.S. commercial ...
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Short Sellers Become More Selective on Major Oil Stocks

The short interest data have been released for the August 14 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Key Analyst Sees Attractive Entry Into Euronav

Considering falling oil prices and the cost that it takes to store oil, Euronav N.V. (NYSE: EURN) appears to be well positioned to take advantage of this. A key analyst ...
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Despite Market Tank, Why Merrill Lynch Made Major Oil Upgrade

The markets were absolutely crumbling in Monday’s trading session, with the Dow down near 1,000 points and the S&P down around 90 points. At the same time, crude oil prices ...
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Oil Plunges Below $39, With No Bottom in Sight

After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off ...
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Oil drilling rig

Hedge Funds Increase Short Positions as Crude Oil Prices Fall

In the week ended August 21, the number of rigs drilling for oil in the United States totaled 674, compared with 672 in the prior week and 1,564 a year ...
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Airlines Not Feeling Love From Oil Under $40

West Texas Intermediate crude broke under $40 for the first time in about six years on Friday. If there is one sector inside of the economy that loves it when ...
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Crude Oil Capex, Production Estimates Rise in Q2

Among a group of 16 independent oil and gas exploration and production (E&P) companies, crude oil production in the second quarter of 2015 rose an estimated 21% sequentially. At the ...
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Oil refinery

Meet the Newest Van Eck ETF

Just after markets opened on Wednesday morning, Van Eck Global launched the Market Vectors Oil Refiners ETF (NYSEMKT: CRAK), which is the first U.S.-listed exchange traded fund to offer pure-play ...
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