|Day's range||65.80 - 67.55|
Arch Coal (ARCH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Oil prices slumped anew on Monday, with investors nervous about the prospect of major oil producers such as Russia and Saudi Arabia boosting production, and as U.S. output also showed signs of picking up. July West Texas Intermediate crude oil (CLN18.NYM) fell $1.35, or 2%, to $66.54 a barrel in electronic trading. On Friday, oil slumped 4% to settle at $67.88 a barrel on the New York Mercantile Exchange.
A fundamental change in regulation that analysts have called the biggest change in oil market history could shift demand patterns and send oil prices higher
The OPEC production cut deal looks set to change, but managing those changes is no easy feat, and a misstep from any of the members of the agreement may lead to a complete breakdown
The Eastern Mediterranean is a region that has the potential to become a key energy player, but geopolitics may well get in the way as different powers struggle for energy dominance
On Friday, the index closed above the November 14 top at 93.87, but under the 94.42 top from November 7. Trader reaction to these levels will likely determine if the uptrend continues, or if the index starts to form a short-term top.
Investors who want to cash in on Yanzhou Coal Mining Company Limited’s (SEHK:1171) upcoming dividend of CN¥0.48 per share have only 2 days left to buy the shares before itsRead More...
Based on Friday’s close at .6916, the direction of the NZD/USD is likely to be determined by trader reaction to the short-term pivot at .6914.
Based on Friday’s chart pattern, the direction of natural gas is likely to be determined by trader reaction to $2.942.
Lithium prices have withstood all the bearish forecasts up to now and there is widespread consensus on growing demand for lithium which could have an impact on the mineral’s price in the near-term
The crude oil markets had an extraordinarily long run to the downside during the day on Friday, slicing through major support. I believe that the markets are a bit overextended, and there is of course the fear that OPEC cuts may come undone rather soon, that of course will add more supply to the market. Beyond that, we have a strengthening US dollar working against the value of this commodity.
The natural gas markets continue to show strength, as we have broken out of the daily uptrend channel recently, and now look to reach towards a major psychological resistance barrier.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending May 22 on Friday.
Word that OPEC and Russia could open up the oil spigots a little more in the near future pushed oil prices down sharply, but the oil supply and demand situation is more complex than just that.
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers. WASHINGTON (AP) -- The Trump administration has told Congress it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, said a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter.
Trading volume reached 55.4 million shares, enough to make the stock the most actively traded on the New York Stock Exchange. The selloff would be the biggest one-day percentage decline since it tumbled 10.7% on May 9, 2016. Weighing on the oil and gas company's stock was the 4.2% plunge in crude oil futures prices , which was triggered by talk that Russia and the OPEC oil cartel could increase output.
The U.S. oil and gas rig count increased for the week ending May 25th while oil prices saw a steep correction as traders reacted on bearish comments from OPEC and Russia
The plunge in oil prices this week won’t be enough to save drivers from paying $3 a gallon as soon as this Memorial Day weekend. Prices may hit the $3 level by Memorial Day, said Patrick DeHaan, head of petroleum analysis at GasBuddy.
Airline stocks soared Friday, giving a big boost to the Dow Jones Transportation Average , with the tumbled in crude oil prices helping fuel the rally. The NYSE Arca Airline Index rallied 3.0%. The Dow ...
On May 24, the EIA released its natural gas storage report. The EIA reported that US natural gas inventories increased by 91 Bcf (billion cubic feet) to 1,629 Bcf on May 11–18—the largest build in US natural gas inventories for this time of the year since 2015. However, the inventories were down by 804 Bcf or 33% from a year ago.
The inverse relationship between oil prices and oil’s implied volatility is illustrated in the above graph. Since US crude oil’s 12-year low in February 2016, US crude oil active futures have risen 169.8%. US crude oil’s implied volatility fell 70.1% between February 11, 2016, and May 24, 2018. Price forecast
On May 17–24, natural gas July futures rose 2.9%, while the implied volatility fell 1.5%. Since March, these two variables have broadly diverged. Price forecast
On May 24, US crude oil July futures fell 1.6% and closed at $70.71 per barrel. On the same date, the United States Oil ETF (USO) fell 1.5%.
Previously in this series, we noted that most of the crude tanker stocks fell in week 20, which ended on May 18. In week 20, the average Aframax rates were higher than the average VLCC rates. In this part, we’ll see how bunker fuel prices fared in week 20.