China's Oil Imports Hit Record High, Benefiting Crude Tankers
China's total exports rose 16.4% YoY (year-over-year) in March 2017, which was far better than the 3.2% rise estimated by a Reuters analysts. China's imports rose by 20.3% YoY, lower than last month's surge of 38% YoY. However, March imports were still ...
The oil market has one big problem: People aren't buying enough gas
Weak demand within the energy complex could bubble up to the crude oil market, analysts say.
How Oil Is Capping Wall Street's Gains
The correlation between crude oil and the S&P 500 was 51.1% while the correlation between natural gas and the S&P 500 was -37.6% during the week. However, the correlation between natural gas and the S&P 500 during that short period isn't useful ...
ConocoPhillips Stock Outperformed Crude Oil Prices Last Week
Last week, crude oil (USO) and gas (UNG) producer ConocoPhillips (COP) saw its stock price outperform crude oil prices by a wide margin. ConocoPhillips' stock price fell moderately from $48.62 to $47.74. Crude oil prices fell from $53.18 per barrel to ...
What's NOV's Correlation with Crude Oil on April 21?
In this part, we'll analyze the correlation between National Oilwell Varco's (NOV) stock price and the West Texas Intermediate (or WTI) crude oil price. The correlation coefficient between stock prices and crude oil prices measures the statistical ...
National Oilwell Varco, Inc. - NOV - Stock Price Today - Zacks
Is It the Beginning of a Bear Market for Crude Oil?
June WTI (West Texas Intermediate) crude oil (UCO) (RYE) (VDE) futures contracts fell 2.2% and closed at $49.62 per barrel on April 21, 2017. The S&P 500 (SPY) (SPX-INDEX) and the Dow Jones Industrial Average fell 0.3% and 0.2%, respectively, on April ...
Crude oil recovers lost ground, but market remains under pressure
WTI Crude Oil and Natural Gas Forecast
Oil gives up early gains as US output worries linger
Mid-Afternoon Market Update: Crude Oil Down 2.5%; Werner Enterprises Shares Spike Higher
Friday afternoon, the utilities sector proved to be a source of strength for the market. Leading the sector was strength from Connecticut Water Service Inc (NASDAQ: CTWS) and SJW Group (NYSE: SJW). In trading on Friday, telecommunications services ...
The real world of crude oil has a warning for financial markets
Oil traders said OPEC was initially successful, driving oil prices higher and tightening time-spreads. But the group was a victim of its own success, as those same spreads forced crude out of storage, flooding an already weaker physical market with supply.
Oil dives, sending US crude below $50 for first time in two weeks
Don't Believe The Hype: Oil Markets Far From Recovery
World Stock Markets Mostly Firmer As Crude Oil, Geopolitics In Focus
Mid-Afternoon Market Update: Crude Oil Down 1%; MOCON Shares Spike Higher
Monday afternoon, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Banco Bradesco SA (ADR) (NYSE: BBD) and Gafisa SA (ADR) (NYSE: GFA). In trading on Monday, healthcare shares rose by just ...
Geopolitical uncertainties to guide crude oil market in near term
Globally, oil in floating storage fell to 58.4 million barrels in March from 82.6 million barrels at the end of 2016. If market balancing indeed has to start, we need to see a sustained drawdown in oil stockpiles and latest data are beginning to show ...
Crude Oil Is Weaker Due to the Higher Rig Count
Oil Markets React Stoically To Crude Inventory Draw
Oil suffers suffer largest one-day loss in six weeks