The U.S. crude oil inventory rose last week by an unexpectedly large 2.2 million barrels. Gasoline and distillate inventories also posted larger-than-forecast increases. Crude oil prices slipped following the report.
A larger-than-expected decrease to U.S. crude oil stockpiles moderated the drop in crude prices following Thursday's report from the U.S. Energy Information Administration.
Exxon, Chevron, Merck, and JPMorgan posted solid gains Wednesday to lead the Dow higher.
These are five of the biggest and best companies in the energy sector, and their shares have taken a good hit over the past week.
Chevron, Exxon Mobil, Caterpillar, and American Express were among the big loses on the Dow Friday.
The May 15 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks increased.
Exxon Mobil, Chevron, Johnson & Johnson, and JPMorgan led the Dow to a lower close Thursday.
The U.S. crude oil stockpile unexpectedly jumped by nearly 6 million barrels last week. That has put downward pressure on prices.
The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the inventory…
The top picks at Jefferies are based on a long-view bullish stance on the industry. These seven top companies are solid choices for long-term growth portfolios looking to add energy.
The April 30 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
U.S. crude oil inventories fell by more than 2 million barrels last week, considerably more than expectations. Prices have jumped more than 3%, largely due to the U.S. withdrawal from the nuclear…
The Dow closed virtually flat Tuesday as JPMorgan and Chevron offset losses by Verizon and Nike.
Here cover the new addition to the Jefferies Franchise Picks list, and we also screened the list for the other energy companies that make the grade.
U.S. crude oil stockpiles rose by more than 6 million barrels last week and gasoline stocks rose by more than 1 million likely due to lower export levels of both crude and…
