crude oil prices

Oil worker

Oil Rig Count Dropped by 2 Last Week, Hedge Funds Take a Breather

In the week ended May 27, the number of rigs drilling for oil in the United States totaled 316, down two compared with the prior week and a total of ...
Read Full Story »
Pumpjack

Nomura Analysts Remain Bullish on US Energy Sector

As the price for a barrel of West Texas Intermediate (WTI) crude oil continues to threaten $50, exploration and production (E&P) companies remain unconvinced that crude will rise to or beyond ...
Read Full Story »
Oil Barrels

Crude Oil Price Holds Gains as Stockpiles Fall 4.2 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.2 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Oil platform on sea

Major Oil Has Short Sellers Running for Cover

The short interest data have been released for the May 13 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
Read Full Story »
Oil worker

Why Crude Oil May Not Rise Above $50 a Barrel

U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017. ...
Read Full Story »
oil field sunset

4 Big Oil and Gas Stocks Analysts Want You to Buy, but Sell 2 Others

The week of May 20 ended with a very mixed bag in performance. The Nasdaq was up 1% and the Dow closed marginally in the red. Investors keep proving over ...
Read Full Story »
fracking

Oil Rig Count Flat Last Week, Hedge Funds Dump Short Bets

In the week ended May 20, the number of rigs drilling for oil in the United States totaled 318, unchanged compared with the prior week, and 660 a year ago. ...
Read Full Story »
Oil worker

Why Halliburton May Be Worth 25% More, Even Without Baker Hughes

Earlier this month, Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) were forced to terminate their merger plans because they were unable to secure an approval from the ...
Read Full Story »
oil train

Meet the New (Almost) Highest Analyst Target for Exxon Mobil

The sharp decline in oil prices since the summer of 2014 was a surprise to many investors and analysts alike, and there has been an incredible fallout within the energy ...
Read Full Story »
Oil Barrels

Crude Oil Price Slumps on Surprise Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.4 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
oil field sunset

Is Goldman Sachs Now Being Too Bullish on Oil?

If you wonder how and why economists and analysts can make changes so fast on their energy and commodities outlooks, Goldman Sachs might be among the questioning on Monday, May ...
Read Full Story »
fracking

EIA: June Crude Production to Fall by 113,000 Barrels a Day

The U.S. Energy Information Administration (EIA) on Monday released its May report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
Read Full Story »
Saudi Arabian flag

Moody’s Downgrades Saudi Arabia to A1

As the price of oil continues to batter the finances of exporting countries, Moody's downgraded petroleum power house Saudi Arabia, which not long ago was among the most financially stable ...
Read Full Story »
Oil pumps

7 Oil and Gas Stocks Analysts Want You to Buy

A lot of things have taken place in the oil and gas sector of late. Positive things for a change. After briefly dipping below $30 earlier in 2016, the price ...
Read Full Story »
oil field sunset

Oil Rig Count Drops by 10, Hedge Funds Raise Short Bets

In the week ended May 13, the number of rigs drilling for oil in the United States totaled 318, compared with 328 in the prior week and 660 a year ...
Read Full Story »