ThinkstockOctober 28, 2015: Markets opened higher on Wednesday and bounced of intra-day lows following the FOMC announcement which led investors to believe that interest rates may rise in December. Energy markets were…
24/7 Wall St. wanted to compare and contrast some of the key issues that have been driving Chevron and Exxon Mobil.
U.S. commercial crude inventories increased by more than 3 million barrels last week, according to the EIA.
ThinkstockOctober 27, 2015: Markets opened lower again on Tuesday with an eye on Wednesday’s announcement from the FOMC on the fed funds rate. No one really expects a rate increase, but you…
ThinkstockIn the second quarter of this year, U.S. corporate profits totalled $1.8 trillion after taxes. Massive corporate profit is not limited to the United States, although many of the world’s most profitable…
The October 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed.
ThinkstockOctober 26, 2015: Markets opened lower on Monday after Asian markets didn’t react as positively as expected to China’s interest rate cut. New home sales in the U.S. fell by 11.5% month-over-month…
24/7 Wall St. has put together a preview of Apple, Exxon and some of the major Dow Jones Industrial Average companies that are reporting their quarterly results this week.
The latest U.S. Energy Information Administration (EIA) weekly petroleum status showed that U.S. commercial crude inventories increased by 8 million barrels last week.
High-yielding energy stocks make good sense for investors as it may take time for the sector to come back, and collecting large dividends while waiting makes the time go by quicker.
Big Oil is now engaged in cost-cutting operations with mass layoffs and project cutbacks. This could start a positive feedback loop for both oil and oil stocks.
ThinkstockOctober 19 2015: Markets opened lower on Monday after China reported a slight beat on estimates for its Q3 GDP report (up 6.9% vs. 6.8% estimate). The bad news is that the…
U.S. commercial crude inventories increased by 7.6 million barrels last week, maintaining a total U.S. commercial crude inventory of 468.6 million barrels.
The September 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks increased almost across the board.
thinkstockOctober 8, 2015: Markets opened lower on Thursday but buying in the energy and materials sectors kept stocks near the break-even line until the FOMC minutes were released. The minutes indicated a…
