crude oil prices

Silhouette of an oil worker using machinery at sunset

Oil Rig Count Slips, Hedge Funds Maintain Long Positions

In the week ended January 13, 2017, the number of rigs drilling for oil in the United States totaled 522, down by seven compared with the prior week and up seven compared ...
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turtle

Short Sellers Can’t Make Up Their Minds on Major Oil

The short interest data have been released for the December 30 settlement date. Since the election was decided with Trump taking the White House, short interest for major oil stocks ...
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Oil Barrels

Crude Oil Price Plunges, Rebounds Following Huge Build in Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.1 million barrels last week, maintaining a total U.S. commercial ...
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oil tanker

Why Wells Fargo Says Sell Exxon Mobil, Prefers 4 Other Oil Leaders

Last year was considered a total reversal of fortune for major oil companies. While some of the second-tier and third-tier oil players saw massive gains, rather impressive gains were seen ...
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BP Mad Dog

EIA Forecast: Higher Pump Prices, Higher US Production Through 2018

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short-Term Energy Outlook. For the end of December 2016, the EIA estimated an average U.S. pump price ...
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IPO or Initial public offering on black block

3 IPOs on the Horizon

As markets reach toward new highs, especially the DJIA passing 20,000, more companies are considering entering the market. Generally speaking, a rising tide will lift all the boats, which does ...
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fracking

Oil Rig Count Now Tops Year-Ago Count; Hedge Funds Tread Water on Futures

In the week ended January 6, 2017, the number of rigs drilling for oil in the United States totaled 529, up by four compared with the prior week and up 13 ...
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Oil Barrels

Crude Oil Price Dives on Huge Build in Gasoline, Distillate Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the New Year's Day holiday. U.S. commercial crude inventories ...
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oil tanker

What Could Help Exxon and Chevron Repeat 2016 Gains in 2017

2016 was a total reversal of fortune for the big oil companies. While some of the second- and third-tier oil players saw massive gains, there were rather impressive gains seen ...
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Oil pumps

Top Oil & Gas Analyst Upgrades and Downgrades: Baker Hughes, Chevron, Nabors, Occidental, Shell and Many More

This year is sure starting out in a different spot than 2016 was for the oil and gas companies within the energy sector. Oil may have sold off big on ...
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GasStationPump

New Year Brings Higher Gas Prices

The price of gasoline on Tuesday morning was more than six cents higher compared with last week's national average pump price for a gallon of regular gasoline. Compared with the same ...
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fracking

Oil Rig Count Up by 2; Hedge Funds Sit Still at Year’s End

In the week ended December 30, the number of rigs drilling for oil in the United States totaled 525, up by two compared with the prior week and down 11 compared ...
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Oil Barrels

Crude Oil Price Remains Flat, Waiting for January Cuts to Start

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Christmas holiday. U.S. commercial crude inventories increased by ...
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Silhouette of an oil worker using machinery at sunset

Major Oil Short Interest Remains Mixed

The short interest data have been released for the December 15 settlement date. After the election was decided with the Republican candidate taking the White House, short interest for major ...
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fracking

Oil Rig Count Up by 13; Producers Dropping Hedges as Crude Price Rises

In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, up by 13 compared with the prior week and down 15 ...
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