August 17, 2016: Markets opened slightly lower Wednesday following a slide in European markets. Utility stocks were the leading sector while consumer discretionary stocks weighed most heavily. WTI crude oil for September…
U.S. commercial crude inventories decreased by more than 2 million barrels last week, according to the EIA.
What should investors look for now? A combination of integrated leaders and Permian Basin companies that are nimble and doing an outstanding job in keeping costs low.
The July 29 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks was lower.
August 4, 2016: Markets opened higher Thursday following an announcement that the Bank of England will lower its policy rate from 0.5% to 0.25% and begin buying U.K. corporate bonds as well…
Chevron may be shopping Asian assets worth up to $5 billion as the company tries to raise cash in the current, seemingly endless period of low crude oil prices.
Paul Ausick U.S. commercial crude inventories increased by less than 1.5 million barrels last week, according to the U.S. Energy Information Administration.
With major production cuts and rig counts well below two years ago, now may be a good time to nibble at some of the top oil stocks that have been hammered over…
August 1, 2016: Markets opened nearly flat Monday following a mixed close in Asia which followed mixed economic data from Japan, China, Australia, Korea, and India. The energy sector was down more…
With this earnings report, Chevron is continuing to make progress toward its goal of getting cash balanced. However, recent slumping oil prices have put a damper on the stock.
Chris Lange Chevron is scheduled to report its second-quarter financial results before the markets open on Friday.
Chris Lange The commercial crude inventory remains at historically high levels for this time of year, according to the EIA.
The short interest data have been released for the July 15 settlement date. Short interest for the selected oil stocks was mixed.
July 25, 2016: Markets opened lower Monday ahead of Tuesday’s FOMC meeting which concludes Wednesday with an announcement on interest rate changes (none expected) and press conference with Fed chairwoman Janet Yellen.…
Overall, one-third of the Dow Jones Industrial Average is reporting this week, and this has the potential to sustain the run that the Dow has made since the Brexit vote.
