Short Sellers of Major Oil Stocks Run for Cover
Crude oil was trading near $67 a barrel early on Friday. Over the past month, crude has been up and down, reaching as high as about $73 and as low ...Read Full Story »
Chevron Corp (NYSE:CVX)
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Chevron, Procter & Gamble Weigh on the Dow Thursday
August 9, 2018: Markets opened narrowly higher Thursday but looks set to end the session about the same way as Wednesday's session ended: the Dow and the S&P 500 traded ...Read Full Story »
Crude Oil Price Slumps on Small Decrease in Stockpiles
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total ...Read Full Story »
4 Large-Cap Oil Stocks to Buy as Iran Sanctions Start Kicking In
Regardless of what you think about President Trump's foreign policy, one thing is for sure. When he makes up his mind on an issue, he generally goes all in. One ...Read Full Story »
Apple Props Up the Dow Thursday
August 2, 2018: Markets opened lower Thursday and the blue chips never really shook off the slow start. Apple lifted the markets almost single-handedly today, becoming the first U.S. publicly ...Read Full Story »
Crude Oil Price Up Slightly on Unexpected Increase in Stockpiles
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 3.8 million barrels last week, maintaining a total ...Read Full Story »
Higher Prices, More Production, Share Buyback Don’t Add Up for Chevron
When Chevron Corp. (NYSE: CVX) reported second-quarter results before markets opened Friday, the oil and gas supermajor posted diluted earnings per share (EPS) of $1.78 on total revenues of $42.24 ...Read Full Story »
Crude Oil Price Jumps on Large Inventory Drawdown
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 6.1million barrels last week, maintaining a total U.S. ...Read Full Story »
Short Sellers Can’t Make Up Their Minds on Major Oil Stocks
Crude oil was trading near $68 a barrel on Thursday. Over the past month, crude has been up and down, reaching as high as about $73 and as low as ...Read Full Story »
United Technologies, Chevron Juice the Dow Tuesday
July 24, 2018: Markets opened higher Tuesday but stocks mostly drifted down for the rest of the day. The Dow held onto to most of its early gains, but the ...Read Full Story »
Boeing, McDonald’s, Intel and More Dow Stocks Reporting This Week
Last week, seven of the Dow Jones industrial average index components reported their latest quarterly reports, and overall the results have been decent. There were exceptional performances from Microsoft and ...Read Full Story »
Jefferies Makes Huge Media & Entertainment Addition to Franchise Picks List
All the Wall Street firms that we cover here at 24/7 Wall St. keep a list for their institutional and retail clients of high-conviction stock picks. These are generally the ...Read Full Story »
Crude Oil Price Dips Again on Unexpected Inventory Build
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 5.8 million barrels last week, maintaining a total ...Read Full Story »
5 Jefferies Energy Franchise Picks to Buy for the Rest of 2018
Despite the efforts of OPEC and Russia, and the prodding of President Trump, oil prices continue to hover above the $70 level, with West Texas Intermediate closing Friday at $71.01 ...Read Full Story »
Rising Oil Prices Intimidate Short Sellers
Crude oil was trading near $71 a barrel on Thursday. This comes after an incredible loss of roughly 5% on Wednesday. Crude oil dipped below $64 about a month ago. ...Read Full Story »
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