The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 425.9 million barrels. The commercial c
Source: ThinkstockUntil about 2008 or so, discussion about the future price of crude oil was directed by the concept of peak oil. That is, when does the world reach peak production, after which the price of crude will skyrocket. In less than a decade, the discussion is now focused on the concept of “peak demand,” the point at which global demand for crude begins to decline.
Source: ThinkstockNovember 29, 2017: The S&P 500 closed relatively flat at 2,626.03. The DJIA closed up 0.4% at 23,940.24. Separately, the Nasdaq was down 1.3% at 6,824.34.
Wednesday was a mixed day for U.S. broad markets in general. While the Dow cruised to new highs and even closer to the 24,000 mark, the Nasdaq took a big step back and gave back all of its gains and then some after....More>>>
Investment company Thai Life Insurance PCL. buys SPDR S&P Emerging Asia Pacific, iShares MSCI China ETF, PowerShares Golden Dragon China Portfolio, sells SPDR S&P 500, iShares Russell Mid-Cap, SPDR Select Sector Fund – Technology, iShares North American Tech, SPDR Select Sector Fund – Energy Select Sector during the 3-months ended 2017-03-31, according to the most recent filings....More>>>
A few years back – just before we adopted our son, Joey – I was enjoying a rare day off and was killing time while I waited for my wife, Robin, to get home from work so that we could enjoy an evening meal together.
It was early winter here in Baltimore, but it was unseasonably cold. I’d taken an afternoon snooze (something I love to do but....More>>>
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Stifel’s Michael Scialla and Daniel Guffey warn investors not to chase the biggest gainers among the exploration & production stocks, including Denbury Resources (DNR) and Whiting Petroleum (WLL), and instead stick with more stable fare such as Anadarko Petroleum (APC), Rice Energy (RICE), and Continental Resources (CLR). They explain:
March 9, 2017: Markets opened mixed on Thursday as traders await Friday’s announcement on non-farm payrolls. If the report beats expectations most players will see that as a sure sign that the Fed will raise interest rates next week. The energy and counter-cyclical stocks dragged the markets lower as the healthcare sector put up the day’s largest gain. WTI crude oil for April delivery....More>>>
February 21, 2017: Here are four stocks trading with relatively heavy volume among 34 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by more than 2 to 1 and on the Nasdaq advancers led decliners by about 4 to 3.
Sabre Corp. (NASDAQ: SABR) dropped about 1.8% Tuesday to post a new 52-week low of $20.89 after closing Friday at $21.30. The 52-week....More>>>
SolarEdge (NASDAQ:SEDG) is a Photovoltaic Solar Systems and Equipment company based in Israel. They offer a wide range of products and solutions including the SolarEdge Power Optimizer, SolarEdge Inverter, SolarEdge Solutions and SolarEdge Monitoring Software. Their products fall under four
DNA sequencing pioneer Illumina(NASDAQ:ILMN)typically takes advantage of the annualJ.P. MorganHealthcare Conference to make its most important hardware announcements of the year. Investorsare hoping for news that foreshadows revived growth of sequencer sales.