oil prices
oil prices Articles
With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.
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In a new research note, Merrill Lynch sees the potential for higher oil prices and raises its price targets on some of the top stocks in its energy research coverage universe.
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According to the latest numbers from the U.S. Energy Information Administration, more than 11% of all gasoline sold at gas stations in the United States is premium grade.
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While it could take decades for oil to trade over $100 again, and that really is a pressure point on consumers, a continued move higher this year and next appears to be in the cards.
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The sharp drop in crude oil prices that occurred in early trading Monday had been pared back to less than 1% by the noon hour.
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The absence of a decision to freeze oil production at a meeting of some of the world's largest oil-producing nations has scuttled the most promising chance to push crude prices higher.
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Most of the lowest gas prices in the United States are at locations in Texas, Oklahoma and Louisiana, near huge oil deposits and the block of refineries on the Gulf of Mexico south of Houston.
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Wells Fargo has decided to downgrade Marathon Oil to Market Perform from Outperform after a large run-up after the news of a dilutive capital raise and asset sales.
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CSX reported first-quarter financial results that met expectations after the markets closed on Tuesday.
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With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.
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If any commodity has proven to be volatile this year it is oil. On any given day crude spot prices can jump or sink big.
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Halliburton and Baker Hughes are taking a stand against the U.S. Department of Justice's most recent effort to block their intended merger.
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Despite the rocky drop in oil prices over the past year, Chevron still remains a top pick in the integrated oil sector for Jefferies.
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The price of a gallon of regular gasoline nationwide has risen to $2.06 from $1.80 a year ago.
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Despite the rally, there is always the chance that oil rolls back over. The smart move is to stay with the leaders that pay good dividends.
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