crude oil prices

7 Big Oil & Gas Stocks Analysts Want You to Buy Now

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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How Much Has the Shale Boom Boosted GDP During the Great Recovery?

If you have been out to West Texas or driven through much of North Dakota where unconventional oil drilling has taken off, it's obvious that a lot of money gone ...
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Why China Imports Much More Saudi Oil Than the US

Saudi Arabia has responded to the reimposition of U.S. sanctions on Iranian oil sales by directing more oil to China and less to the United States. According to U.S. Energy ...
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Oil US Keeps in the Ground Steadies at 665 Million Barrels

America's Strategic Petroleum Reserve is the largest supply of emergency oil in the world. After drawing down several million barrels in two of the past four months, the amount has ...
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Why Does OPEC Even Hold Meetings?

The Organization of the Petroleum Exporting Countries (OPEC) has officially agreed to extend its production cuts for an additional nine months. And the sun rose in the east. The agreement ...
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The Russian Tail Wags the OPEC Dog

This past Saturday at the G-20 meeting in Osaka, Russian President Vladimir Putin announced that Russia and Saudi Arabia had struck a deal to maintain their current output cuts at ...
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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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