Baker Hughes, Inc. (NYSE: BHI) has released its data on the weekly rig counts and most are up. We are watching the key ETF products react via the Oil Services HOLDRs (NYSE:…
The Department of Energy has just released its weekly oil inventories data and those wanting stable prices from oil data may be disappointed. We are watching the key ETFs around the news…
The weak dollar has definitely been a contributor to the rise in the price of gold. And it is also partly responsible for some of the oil gains that took prices back…
Oil and gas companies have closed or winding down many US Gulf operations ahead of a very late in the year Hurricane Ida. The weekend reports had this one dissipating then the…
The latest weekly inventories data from Department of Energy in crude and oil products is adding more support and adding fuel to a fire in the commodity rally today. It looks like…
This week’s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially…
We have just seen this week’s latest Department of Energy weekly oil inventory data. The new report is on the heels of a sudden rise in oil prices followed by an almost…
Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here. We have watched the Oil…
The Department of Energy’s weekly energy inventories data is giving another mixed picture similar to last week. The difference is that this was more in-line with expectations that what we saw last…
As usual, the weekly energy inventories data is giving a picture that can be construed as bullish or bearish for the price of oil and gas, yet there is a wrench in…
Now that Gold has busted $1,000.00 and headed up almost every day since, the next target commodity is oil and the question is if black gold can mirror the performance of yellow…
Maybe higher oil prices keep begetting higher rig counts. Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts and there are gains in all three measures. We have been watching the…
The Department of Energy gave some critical data in its weekly oil inventories. Frankly, you can make a bullish case here and a bearish case as well. The drop in crude oil…
The US Department of Energy’s Energy Information Administration has released its weekly status report on crude oil inventories, and once again they are higher, this time by 2.8 million barrels. Gasoline inventories…
The weekly data on oil inventories from the Department of Energy is out and we are seeing another bullish yet mixed bag here in the numbers for oil prices. We are also…
