Halliburton Faces Greater Earnings Reaction Than Rivals
Halliburton appears to be suffering from its worst one-day drop in almost four years, and it was the worst performing S&P 500 stock on Monday.
Halliburton appears to be suffering from its worst one-day drop in almost four years, and it was the worst performing S&P 500 stock on Monday.
Even after the latest oil price declines, prices are still much higher than last year. These five top energy stocks to buy have outstanding upside potential.
The number of U.S. land-based rigs drilling for oil fell by five this week and the natural gas rig count fell by two. The decline has sent crude prices higher.
When President Trump complained about how rising interest rates were slowing economic growth on Thursday, the dollar immediately weakened. A weaker greenback typically means lower crude oil prices. Could that be on his mind?
Oilfield services company Schlumberger reported quarterly earnings Friday morning that met analysts' expectations but revenues were just a little short. The CEO remains confident about the second half of the year.
The U.S. Energy Information Administration reported an addition of 46 billion cubic feet to the nation's natural gas storage inventory last week, considerably less than expected. Prices moved higher in response to the report.
The U.S. crude oil inventory added nearly 6 million barrels last week compared with consensus estimates for a decline of more than 3 million barrels. Gasoline inventories fell more than expected, however.
The Intercontinental Exchange will launch a WTI crude oil contract this quarter for oil physically delivered to Houston from the Permian Basin.
U.S. gasoline pump prices rose a penny last week to start the new week at around $2.88 a gallon. Crude oil prices continued a slide begun last Wednesday and may pull pump prices down…
Oil could trade between $70 and $80 a barrel for the next year or longer. These five top companies with distinctly different businesses offer investors a variety of ways to play the energy sector.
The number of U.S. land-based oil rigs did not change this week, but two natural gas rigs were put to work along with one new rig in the Gulf of Mexico.
Most of the largest states by population are paying more than $3 per gallon for gasoline and prices seem likely to continue to rise.
The amount of U.S. natural gas in storage rose less than expected last week and is now about 25% lower than it was at the same time last year. Prices did not react much…
The June 29 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
Short interest primarily declined in solar and alternative energy stocks in the two-week reporting period that ended on June 29. Short interest fell by 65% at one alternative energy producer.