Oil slid to a two-week low and headed for its longest losing streak in two months as a plunge in global equities dragged other markets lower. Crude futures in New York fell a third day, sliding as much as 1.6 percent. Stock indexes from …
Oil prices are higher as a rebound in the global equities market and a weak US dollar supported crude’s recovery from last week’s slide. Global stocks rallied for a sixth straight session to post their best week in more than two years. The dollar …
U.S. stocks capped their best five-day run since 2011, extending a global rally as equities rebounded from the worst of this month’s correction. The dollar slumped to a three-year low and oil rallied. The S&P 500 topped the 2,700 level and the …
Oil prices have continued their rally in 2018, rising even further into the $60s. In fact, crude prices haven't been this high since December 2014. Several factors have fueled crude's rebound, including additional declines in both oil stockpiles …
Last month, Norway’s $1 trillion pension fund announced plans to drop oil and gas stocks from its core benchmark stock portfolio. The move was of note because it served as an important acknowledgement by a major institutional investor …
Today, we've found the best oil stocks to buy to help you profit from rising oil prices. You see, Money Morning Global Energy Strategist Dr. Kent Moors says oil prices could climb 20% higher in 2017. And the oil stocks we've picked …
The market has grown to believe in shale oil as a price peak-shaving force. Perceived stock values have been impacted as a result. Some E&P stocks may never recover to their peaks at the end of last year, even under relatively favorable …
Call it a "crude awakening." Energy stocks plunged Friday after OPEC announced no cuts in production, a decision that sent oil prices crashing to their lowest levels since May 2010. Shares of Dow components Exxon Mobil (XOM) and …
Has oil bottomed out yet and what would the picture in the Middle East look like if it has? Oppenheimer suggests that there will be an increased wave of mergers and acquisitions (M&A) among other things. Companies looking to benefit …