crude oil prices

Can OPEC and Russia Combined Stop Falling Oil Prices?

Monitoring the price of oil in a macroeconomic situation with volatile financial markets can get a bit tricky. Now that oil officially has entered into a bear market by falling ...
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Chesapeake’s Large Q1 Loss Isn’t All Bad News

Chesapeake Energy Corp. (NYSE: CHK) remains in turnaround mode after the Aubrey McClendon years. Despite having tried to move to more of a mix of oil and gas, Chesapeake reported ...
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EIA Raises Expectations for Crude Oil Prices and US Crude Production

In classical microeconomic theory, as supply goes up the price is supposed to come down. Things often get a lot more complicated in the real world, where macroeconomic shifts have ...
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Study Outlines What Happens If Oil Hits $100 — and It’s a Mess

At the end of September last year, Brent crude oil briefly traded at a three-year high of around $85 a barrel. By the end of December, the price had dropped ...
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What Halliburton, Schlumberger Earnings Signal as US Iran Sanctions Waivers End

Crude oil futures traded up about 2% Monday morning following a Washington Post report that U.S. Secretary of State Mike Pompeo will announce today that as of May 2, the ...
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Petrobras Gets New Street-High Analyst Target for Upside

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, is not your traditional oil giant. Being a Brazilian state-controlled oil company with shareholder rights further down the line than most oil giants ...
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BlackRock Adjusts 2019 Positive Risk-On Outlook for Stocks and Oil

BlackRock may not be as frequently cited for some of its market and policy outlooks and views as some of the large brokerage firms. What makes BlackRock unique is that ...
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Institutional Interest Keeping Energy Stocks and ETFs Higher as Oil Challenges $60

Just when it looked as if crude oil prices were going to pull back, suddenly a one-day surge higher of 2.4% ($1.40) has taken oil back above $60 per barrel. ...
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OPEC Crude Production Slipped in February on Saudi, Venezuelan Reductions

In its Monthly Oil Market Report for March, released Thursday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's month-over-month average price for its reference basket ...
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Short Sellers Run for Cover on Major Oil Stocks

Crude oil was trading right around $57 a barrel early on Tuesday. Over the past month, crude has fluctuated, ranging from $53 to $57 a barrel but following the markets ...
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Short Sellers Grow More Selective on Major Oil

Crude oil was trading right around $57 a barrel early on Thursday. Over the past month, crude has fluctuated, ranging from $52 to $57 a barrel but following the markets ...
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Merrill Lynch Stays Bullish on Oil and Gas Leaders, Even as Trump Tweets Oil Is Too High

Apparently, President Donald Trump can still influence the price of oil with a mere tweet. Crude oil was last seen trading down $2.10 at $55.16 per barrel, a drop of ...
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Crude Oil Prices Solidly Higher, Ignoring Rising US Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 3.6 million barrels last week, maintaining a total ...
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Short Sellers Retreat on Major Oil Stocks

Crude oil was trading right around $54 a barrel early on Tuesday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Crude Oil Prices Sag on Inventory Build Up

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total ...
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