|Day's range||67.78 - 69.44|
Investing.com - Oil prices registered mixed signs in volatile midmorning trade on Monday, as investors continued to weigh the impact from major producers’ decision last week to compensate losses in global output by increasing their production.
Saudi Oil Minister Khalid al-Falih has said that the recent OPEC agreement to boost oil production is only the first step in a broader production strategy
Investing.com - Oil prices were mixed on Monday, as energy investors continued to react to last week's decision by major producers to start pumping more crude to compensate for losses in global production.
Whiting Petroleum Corporation is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for WLL for clues.
This year, Anadarko Petroleum (APC) has been the Energy Select Sector SPDR ETF’s (XLE) third-strongest stock. Anadarko Petroleum is a global explorer and producer of crude oil and natural gas with operations in the United States, the Gulf of Mexico, Colombia, and Africa.
Whiting Petroleum’s (WLL) 2018 capital expenditure forecast is $750.0 million, compared to its capex of $912.0 million in 2017. Around 80.0% of the company’s 2018 capex budget is expected to be spent in the Williston Basin, and 10.0% is expected to be spent on development activities in the Redtail region (DJ Basin). In the Williston Basin, the company plans to put on production 123 wells. The Williston Basin is home to the Bakken Shale—one of the biggest shale plays in the United States.
Investing.com – Gold prices edged up on Monday as the dollar weakened, while trade concerns between the U.S. and China also supported the bullion.
Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564), a machinery company based in China, saw significant share price volatility over the past couple of months on the SEHK, rising toRead More...
Gold is likely to continue to be influenced by the U.S. Dollar this week and its reaction to commodity-linked currencies. Gold could be underpinned if rising crude oil prices drive up the Loonie, Aussie and Kiwi against the Greenback. However, gains could be limited if Treasury yields stabilize or rise.
OPEC’s decision to increase production has not crashed oil markets, on the contrary, the decision not to take dramatic action is actually quite bullish
The MSCI on Wednesday announced that it will be reclassifying Saudi Arabia as an emerging market, making the Kingdom the third largest MSCI country from Europe, Africa or the Middle East
The improving relations between the US and North Korea could revive the Russia-Korea gas pipeline which could supply the entire Korean peninsula with russian gas
Based on last week’s close at .7440, the direction of the AUD/USD this week is likely to be determined by trader reaction to the downtrending Weekly Gann angle at .7412. Traders should treat the Gann angle at .7412 like a pivot all week.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
The S&P 500 fell during most of the week but turned around the show signs of life again towards the end of the week. The hammer being formed of course is a bullish sign and it shows just how much pressure is building up underneath, perhaps in a sign that we are going to explode to the upside.
Silver markets fell during the bulk of the week but did see some resiliency on Friday to turn things around of form a hammer. The hammer is showing signs of support at the bottom of a consolidation area, so it makes sense that we could bounce from here to continue the overall sideways action longer-term.
Crude oil markets rallied significantly during the week, especially on Friday as we broke above the top of significant resistance in the WTI market, and even tried to rally in the Brent market as well.
Natural gas markets tried to break above the three dollars level during the week but ran out of steam and ended up falling rather hard. The market does have a bit of support just below, but as you look at the weekly chart, it’s hard not to notice that we are a bit overextended.
According to Iraq’s Oil Minister, U.S. sanctions on Iran are not going to impact the agreement between Iraq and Iran to swap crude oil – an agreement that many see as an attempt by Iran to gain influence in Iraq
A recent spate of positive press releases, along with word that OPEC won't be flooding the market with oil, seems to have gotten investors excited about the natural gas seller's prospects.
OPEC’s agreement to add 1 million barrels per day to the market might not prevent a long-term crude supply crisis as geopolitical risks and sanctions keep a lid on production
Investing.com – WTI crude oil prices settled nearly 5% higher Friday as OPEC's crude output hike was more modest than some producers had hoped, easing investor fears that a wave of crude supply would hold back oil prices.