crude

Now that investors are at the halfway point of 2017, it’s time to take a look back at what has been an exceptionally strong year for U.S. stocks so far. The SPDR S&P 500 ETF Trust (NYSE: SPY) is up 8.6 percent in the first half of the year, but not all stocks have been invited to the...

In a note released Tuesday, Atlantic Equities named EOG Resources Inc (NYSE: EOG) its favorite energy play. The firm believes EOG is one of the best placed exploration & production companies to manage at current oil prices. Lowering Oil Price Forecast Despite Undersupply Analyst Barry MacCarthy...

Bearish sentiment has taken hold of crude oil prices as various analysts and agencies have slashed their forecast for this year and next. On Wednesday, oil fell a little over 5 percent to a one-month low of $45.72, taking the year-to-date loss to 15 percent. However, there has been a recovery on...

Dennis Gartman, editor and publisher of "The Gartman Letter," is known for shifting his stance on oil from bull to bear given the highly volatile and constantly changing factors that determine the price of oil. For instance, Gartman's 2016 call that oil won't trade above $44 per barrel in his...

Disappointment with the pace of the global oil market recovery once again has Exxon Mobil Corporation (NYSE: XOM) shares trading near the critical $80 support level. A breakdown below $80 support could be bad news for Exxon bulls. Here's why. The $80 level has served as support for Exxon since...

Frontline Ltd. (NYSE: FRO) is projected to post a loss in the second quarter, translating to a zero dividend, Credit Suisse said in a Tuesday note. Notwithstanding the negative opinion, the shares of the company were up in reaction to the possibility of a deal being struck. Soft Spot Prices The...

Even with the benefit of a recent bounce, the United States Oil Fund LP (ETF) (NYSE: USO), which tracks West Texas Intermediate futures, is lower 12.3 percent year-to-date. That underscores the point that oil is one of this year's worst-performing commodities, but not all energy-related...

The United States Oil Fund LP (ETF) (NYSE: USO) is up roughly 2 percent this week after Saudi Arabia energy minister Khalid al-Falih and Russia energy minister Alexander Novak said they would be on board with an OPEC plan to extend November’s crude oil production cuts by nine months. Muted...

The price of oil was under pressure Monday but hovered near the $50 per barrel mark after Libya's largest oil field came back online after a week-long disruption. Oil investors have been debated recently what impact the oilfield would have on the global market but that conversation has now come to...

Steadily rising oil prices coupled with increased operational efficiencies in the integrated oil sector may have created the best investment opportunity in the space since 2012. According to Jefferies analyst Jason Gammel, integrated oil companies have streamlined their operations so well that they...

The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....

Oil is one of the fourth-quarter's best-performing asset classes. Just look at the United States Oil Fund LP (ETF) (NYSE: USO), which is higher by more than 12 percent. That bullishness is having a positive effect on energy equities. The Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 13...

Thursday is the final trading day for two popular crude oil trading instruments: VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: UWTI) and VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: DWTI). At...

Oil traders will be losing a pair of the most popular leveraged trading tools this week. Credit Suisse has announced the delisting of the VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: DWTI) and the VelocityShares 3X Long Crude ETN linked to the...

Crude oil prices hit their highest level in a year and a half on Monday, following last week’s strong performance with another push higher. The surge follows last week’s surprise decision by OPEC to cut production for the first time since 2008. Recent Performance Brent futures LCOc1...