24/7 Wall St. has put together a preview of Exxon, Apple, Pfizer and other the Dow Jones Industrial Average companies scheduled to report their quarterly results this week.
The weekly report on U.S. natural gas storage showed a larger-than-expected withdrawal last week. That has pushed prices up slightly on the NYMEX.
The January 12 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased less than expected for the week ending January 12.
24/7 Wall St. has tracked 15 major energy analyst calls in the major oil and gas stocks made so far in 2018 that should be given a second look.
U.S. natural gas stockpiles posted their largest-ever weekly storage withdrawal last week as the nation responded to very cold temperatures along the east coast and into some parts of the South.
The December 29 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks decreased.
U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
The U.S. natural gas inventory dropped by more than 200 billion cubic feet last week, near the low end of the estimated range. The report is weighing on prices.
For the Dow to make its target in 2018, it seems that Chevron and Exxon Mobil are going to have to do better ahead for their shareholders.
IBM, Exxon Mobil, DowDuPont, and United Technologies pushed the DJIA to a new intra-day high on Wednesday.
Here is a consensus forecast of each of the 30 Dow Jones Industrial stocks, including a forward 12-month consensus analyst price target and an expected 2018 total return on each.
