Crude oil stock price today

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol NEW YORK — Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in Russian supply later in the year offset concerns that slowing economic growth could undercut demand. Brent futures rose $2.47, or 2.6%, to $96.12 a barrel by 11:41 a.m. EDT (1541 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.16, or 2.5%, to $90.27. Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places. The oil complex is “advancing off the big (U.S.) crude stock draw, increased product demand and (the) apparent stall in Iranian nuclear negotiations,” analysts at energy consulting firm Ritterbusch and Associates said in a note. U.S. crude stocks fell by 7.1 million barrels in the week to Aug. 12, Energy Information Administration … [Read more...] about Oil up 4% on robust U.S. fuel consumption, tight supply outlook

Share to Twitter Share to Linkedin Topline With the S&P 500 surging 17% since a low point in mid-June, big names like Ford, Tesla and Netflix have been among the top gainers, while several energy and consumer stocks have slumped despite the broad stock market rebound in recent months. Key Facts The benchmark S&P 500 index has erased most of its losses from a brutal selloff in the first half of the year, jumping 17% since the market’s low point on June 16 and recently posting four straight weeks of gains. Stocks have rebounded in recent weeks thanks to growing optimism that inflation may have peaked after consumer prices cooled in July, adding to hopes that the Federal Reserve will scale back its aggressive rate-hiking campaign and tightening of monetary policy. The top-performing stocks in the S&P 500’s rally since June 16 are solar power components provider Enphase Energy and e-commerce company Etsy, rising 75% and 65% during … [Read more...] about Ford, Tesla And Netflix Are Among The Best-Performing Stocks During This Summer’s Massive Rally

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

- A + A SINGAPORE (Aug 19): Oil prices dipped on Friday (Aug 19), after two days of gain, as market participants weighed worries about a global economic slowdown that could dampen fuel demand against expectations of tighter supplies towards year end. Brent crude futures had fallen 36 cents, or 0.4%, to US$96.23 (RM430.90) a barrel by 0309 GMT, after settling 3.1% higher on Thursday. US West Texas Intermediate crude was at US$90.29 a barrel, down 21 cents, or 0.2%, following a 2.7% increase in the previous session. Still, the benchmark contracts were headed for weekly losses of about 1.5%. While bullish US weekly data bolstered optimism for improved fuel demand for the near term, lingering recession fears and a possible increase in output by the Organization of the Petroleum Exporting Countries and allies (Opec+) will likely limit the oil price upside, said Satoru Yoshida, a commodity analyst with Rakuten Securities. US crude inventories fell sharply, as the … [Read more...] about Oil dips as slowdown worries limit price gains

- A + A (Aug 18): Oil rose for a second day as a bullish US stockpile report eased fears of an economic slowdown. West Texas Intermediate climbed as much as 2.2% to over US$90 a barrel on Thursday. This week’s Energy Information Administration report offset some of the gloom over a potential recession. US crude stockpiles sank by 7.06 million barrels last week, exports rose to a record and gasoline demand climbed to the highest this year. The report surprised markets by signaling “the fundamentals may not be as negative to crude as thought just a week ago,” said Dennis Kissler, senior vice president of trading at BOK Financial. “However, traders are still worried about the overall economic outlook going forward, it’s keeping a very nervous trade to the futures market” Prices are fluctuating partially because of declining market liquidity. Aggregate open interest over WTI contracts yesterday was the lowest since January 2015 at 1.54 million contracts. Crude is … [Read more...] about Oil rises as strong US demand eases fears of economic slowdown

- A + A KUALA LUMPUR (Aug 19): MISC Bhd’s prospects are expected to remain solid, as the near-term outlook for the petroleum tanker market is positive, with continuing growth in global oil demand and supply, said RHB Investment Bank Bhd. In a note on Friday (Aug 19), RHB said following the delivery of two dynamic positioning shuttle tankers (DPSTs) in the second quarter of 2022, there will be one more DPST to be handed over in the second half of the year, followed by two liquefied natural gas (LNG) carriers and one very large crude carrier in the first half of 2023. “There are also two, two and then three LNG long-term contracts due in 2022, 2023 and then 2024. MISC's current bid book is worth around US$2 billion (RM8.96 billion) to US$3 billion, on which the company sees better opportunities in securing new gas-related contracts,” RHB said. It said MISC’s results for the first half of 2022 were within expectations, after factoring in one-off items such as the Mero … [Read more...] about RHB Research: MISC’s prospects remain solid with continuing growth in global oil demand

Earlier this summer, Tesla announced its intention to split its stock—a surprise to many, since Tesla shares split just two years earlier . But shareholders obviously approved the additional split, as did Tesla’s board of directors, which officially okayed the 3-to-1 split on August 5. That split is now just a week away, but today is an important date for those hoping to benefit from it, too. Here are all the critical dates you need to know about Tesla’s upcoming stock split: advertisement Wednesday, August 17, 2022: Anyone wanting to receive two extra shares for each TSLA share they own needs to be a shareholder of record by this date. If you own TSLA shares on August 17, one week later you will receive two additional shares for each you own. Wednesday, August 24, 2022: One week after the shareholder of record cutoff is when TSLA shares actually split. After the stock market closes on August 24, TSLA shares will split 3-to-1, and by the next morning … [Read more...] about Tesla stock split: Date, day of record, and what happens next

College student and investor Jake Freeman, 20, sold a large stake in Bed Bath and Beyond after a meme stock rally caused the price to skyrocket in August, MarketWatch reported. Freeman sold his 5 million shares, representing a 6.2% stake in the company for $130 million, after acquiring them for $25 million in July with funds from friends and family, MarketWatch reported . The price of Bed Bath and Beyond shares in July generally hovered between $4.50 and $5.50 per share, before skyrocketing as high as $28.04 on Aug. 16, according to market data provided by The Wall Street Journal. “I did not expect the price to soar as it did,” Freeman told MarketWatch “I did expect that as [Bed Bath and Beyond] better structured its balance sheet for value to be unlocked. I felt at those elevated levels, [the stock] was not worth it from a risk/reward standpoint.” Upon acquiring his shares in July through firm Freeman Capital Management, Freeman wrote to Bed Bath and Beyond’s management, … [Read more...] about College Student Makes Over $100 Million Betting On Meme Stock

The January effect was in full effect for the first month of 2019. After a punishing December, stocks rebounded in the first few weeks of January as signs of progress in the U.S.-China trade war appeared, the Federal Reserve adopted a more dovish tone on interest rates, and earnings season revealed that some companies and sectors have more-positive outlooks than expected. It was a month to remember: The S&P 500, up 7.8%, had its best January performance since 1987, and its biggest monthly gain since October 2015. The DJIA rose 7.17% in January, its largest one-month rise since 2015 and biggest January gain in 30 years. Crude oil prices had their best month on record, surging more than 19% after three straight months of losses. Output cuts and the chaos in Venezuela, had a lot to do with that performance. The U.S. added 304,000 jobs in January, blowing out expectations despite the shutdown. While stocks have rebounded, notably for U.S. companies and indexes, risks … [Read more...] about What to Expect for the Markets in February

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. Ong has been active in the local corporate scene over the past few years. (Photo by Mohd Izwan Mohd Nazam/The Edge) - A + A CHEMICAL products distributor Hextar Global Bhd, the flagship company of Datuk Eddie Ong Choo Meng, is selling its manufacturing plant and the land on which it sits to KIP Real Estate Investment Trust (KIP REIT), in which Ong has a stake as well. Hextar Global, which bought the land in Klang in October 2005 for RM12.58 million, will lease back the assets after the sale. The company explains that the RM27 million sale is to unlock asset value and reduce its funding requirements. Nonetheless, Hextar Global’s asset sale is not that big a deal compared with that of its controlling shareholder Ong. The 44-year-old businessman is selling two industrial properties, namely warehouses and a factory, to KIP REIT for RM51.7 million cash. His original … [Read more...] about Hextar group boss continues acquisition spree