U.S. petroleum inventories unexpectedly fell last week according to the lates Energy Information Administration report. Prices rose somewhat but have pulled back to just 10 cents above last night's settlement price.
Crude oil has been trading near $66 a barrel early on Tuesday. This is the lowest that crude oil has been at since mid-April. This comes after oil reached above $70 in…
UnitedHealth, Chevron, Caterpillar, and Home Depot were the big gainers on the Dow Monday.
McDonald's, Chevron, Procter & Gamble, and Home Depot were the Dow's leading gainers Thursday.
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.
