The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories rose by 8 million barrels last week, the highest weekly rise of the year so far.
Goldman Sachs has made a key rotation in its oil and gas sector coverage, downgrading ConcoPhillips and adding Chevron to the prized Conviction Buy list.
Boeing, UnitedHealth, American Express, and Chevron lifted the Dow index on Monday.
U.S. commercial crude oil inventories rose by 1.9 million barrels in the week ended last Friday. Analysts were looking from a drop of more than 1 million barrels. U.S. production increased, exports…
The September 14 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.
3M Company rang up a nice share price gain last week, but it was not enough to alter the stock's rank as the worst performer among the 30 Dow index stocks.
McDonald's, Cisco, Chevron, and Boeing were the leading gainers among the Dow 30 on Friday.
Goldman Sachs, JPMorgan, Chevron, and Caterpillar boosted the Dow to decent gain on Wednesday.
The U.S. stockpile of crude oil dropped by 2.1 million barrels last week and the gasoline inventory fell by 1.7 million barrels. Increased exports of both contributed to both declines.
The August 31 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories fell by more than 5 million barrels last week. Product inventories (gasoline and distillates) rose by more than…
The top analyst upgrades, downgrades and initiations seen on Wednesday include Alcoa, Chevron, General Motors, Lam Research, Micron Technology, NXP Semiconductors, Royal Bank of Scotland, Tiffany and Wayfair.
Procter & Gamble wrestled away from Caterpillar the cellar-dwelling position among the 30 stocks that comprise the Dow Jones industrials last week.
Analysts at Merrill Lynch announced downgrades on two large-cap oil companies Thursday morning. The firm also sees one stock as "unmatched by other global oils."
U.S. crude oil inventories dropped by more than expected last week, but increases to gasoline and distillate inventories outweighed decline. Prices did not move much immediately following the report.
