oil prices

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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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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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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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Gas Prices Plunge to 2004 Levels

As oil dips below $40 a barrel, gasoline prices will hit lows for late August, lower for this time of year than at any time since 2004. And they are ...
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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 Below $40 Means Gas Below $2

The slow period when some refineries are off line is nearly over, which means the drop in oil prices will rapidly become the primary movers of gasoline prices. The average ...
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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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What Key Analyst Sees in Store for Exxon

Oil prices have cratered over the past year, and this has put a huge dent in some of the largest companies in the world. Even Exxon Mobil Corp. (NYSE: XOM) ...
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Short Sellers Increase Bets on Falling Oil

The short interest data have been released for the July 31 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Why Credit Suisse Sees 3 Key MLPs to Buy Now

Credit Suisse rounded up a few of its master limited partnerships (MLPs) that it has top ratings on despite the continued downturn in the oil patch. These MLPs have broken ...
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Why This Analyst Is More Cautious on National Oilwell Varco

National Oilwell Varco Inc. (NYSE: NOV) has been hit hard by falling oil prices over the past year, even within the past quarter with the price of crude dropping below ...
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U.S. Oil Rig Count Adds 5 Last Week for Second Increase in a Row

In the week ended July 31st, the number of rigs drilling for oil in the U.S. totaled 664 compared with 659 in the prior week and 1,573 a year ago. ...
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