crude oil prices
crude oil prices Articles
US rig count fell by six last week, the first week-over-week decline since last September, according to the Baker Hughes North American Rotary Rig Count.
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Since the election was decided with Trump taking the White House, short interest for major oil stocks is now more important than ever to follow.
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U.S. commercial crude inventories increased by around 4 million barrels last week, according to the U.S. Energy Information Administration.
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For the most part, Wells Fargo has maintained its ratings for integrated oil and gas and international exploration and production companies within its coverage universe, with one key exception.
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Rising pump prices have followed on rising prices for crude oil in the wake of announced production cuts from OPEC nations and other oil-producing nations.
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As markets reach toward new highs, more companies are considering entering the market. Generally speaking, a rising tide does lift all the boats.
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In the week ended January 6, 2017, the number of rigs drilling for oil in the United States totaled 529, according to the latest Baker Hughes North American Rotary Rig Count.
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U.S. commercial crude inventories decreased by more than 7 million barrels last week and remains near the upper limit of the average range for this time of year.
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2016 was a total reversal of fortune for the big oil companies. Rather impressive gains seen in shares of Chevron and in Exxon Mobil.
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The top analyst upgrades and downgrades and other calls seen in the energy sector on Wednesday include Baker Hughes, Chevron, Nabors Industries, Occidental Petroleum and Royal Dutch Shell.
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Compared with the same day last year, prices are 35 cents a gallon higher. Happy New Year! Crude prices jumped more than 2% on Tuesday too.
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In the week ended December 30, there are a total of 658 working rigs in the United States, according to the latest Baker Hughes North American Rotary Rig Count.
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U.S. commercial crude inventories increased by 600,000 barrels last week, according to the U.S. Energy Information Administration.
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The December 15 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks was mixed.
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In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, according to the latest Baker Hughes North American Rotary Rig Count.
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