crude oil prices

The Exxon Mobil of 2020 to 2030 Will Be Quite a Different Company Than in Its Past

Posted: November 22, 2019 at 11:25 am

It's no secret that it has been hard for investors to make big profits in the oil and gas sector in recent years. Oil stocks haven't exactly screamed higher when ...
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Crude Price Gives Up Gains After Large Stockpile Build

Posted: November 6, 2019 at 11:20 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories jumped by 7.9 million barrels last week, maintaining a total ...
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Crude Price Slips on Rising US Stockpile

Posted: October 30, 2019 at 11:10 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories jumped by 5.7 million barrels last week, maintaining a total ...
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Short Sellers Moving Back Into Energy 

Posted: October 25, 2019 at 10:25 am

Crude oil traded around $56.12 a barrel early Friday, essentially up more than $2.00 in the past week, but far below a high of $62.90 posted on September 16, the ...
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Crude Price Rises as Inventory Levels Fall for First Time in 6 Weeks

Posted: October 23, 2019 at 11:05 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories declined by 1.7 million barrels last week, maintaining a total ...
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Why Halliburton Is Booming Despite Q3 Results

Posted: October 21, 2019 at 9:50 am

Halliburton Co. (NYSE: HAL) released its third-quarter financial results before the markets opened on Monday. The firm said that it had $0.34 in earnings per share (EPS) and $5.55 billion ...
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Oil Price Holds Firm Despite Massive Stockpile Increase

Posted: October 17, 2019 at 11:40 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories soared by 9.3 million barrels last week, maintaining a total ...
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US Lowers Oil Price and Demand Forecasts for 2020

Posted: October 8, 2019 at 1:29 pm

With slower global growth and oil in ample supply, a fresh new look from the U.S. Energy Information Administration (EIA) is projecting that oil prices will be lower in 2020. ...
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Oil Prices Could Reach Unimaginable Heights If Saudi Arabia, Iran Go to War

Posted: September 30, 2019 at 8:45 am

In an interview Sunday on CBS's 60 Minutes, Saudi Arabia's Crown Prince Mohammed bin Sultan said that a war between his country and Iran would send crude oil prices soaring: ...
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Some Energy Short Sellers Feeling Squeezed

Posted: September 25, 2019 at 9:40 am

Crude oil traded around $56.29 a barrel early Wednesday, up more than $2.00 in the past week, but far below a high of $62.90 posted on September 16, the first ...
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US Oil Stockpile Posts First Build in 5 Weeks

Posted: September 18, 2019 at 11:15 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 1.1 million barrels last week, maintaining a total ...
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Very Mixed Reactions to Saudi-Attack Oil Price Spike in Transportation Stocks

Posted: September 16, 2019 at 10:45 am

The weekend attacks on Saudi Arabia's oil production and infrastructure have created major moves in the markets. After all, Saudi Arabia has close to 10% of global production, and roughly ...
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US Tops Saudi Arabia as World’s Largest Oil Exporter

Posted: September 12, 2019 at 5:06 am

The demand for crude oil has risen recently, according to an organization that tracks supply and demand. The surge in U.S. production and the politics of OPEC finances allowed America ...
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Get Ready For $2 Gas

Posted: August 25, 2019 at 7:38 am

As the economy slows while global oil production does not, gas prices are expected to drop after Labor Day, which concludes the summer driving season. Forecasts of U.S. GDP have ...
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7 Big Oil & Gas Stocks Analysts Want You to Buy Now

Posted: August 21, 2019 at 2:25 pm
Last updated: August 22, 2019 8:45 am

The energy sector used to be rather dominant in the weighting of the S&P 500. In 2019, it's hard to find investors who are all that eager to buy into ...
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