Retailers rise as holiday shopping season gets under way Reuters By WILLIAMWATTS & SARASJOLIN NEW YORK (MarketWatch) — U.S. stocks posted a mixed finish in a holiday-shortened session Friday as energy shares got slammed a day after the Organization of the Petroleum Exporting Countries did nothing to alleviate a global supply glut. The S&P 500 SPX, -0.25% ended the day […]
Travel stocks gain as oil prices march lower Reuters By CARLAMOZEE MARKETS REPORTER LONDON (MarketWatch) — Oil- and gas-related stocks traded in London extended losses Friday after an Organization of Petroleum Exporting Countries decision not to reduce oil production. The oil and gas group slid 2.8%, though it pared the decline by the end of […]
Eurozone inflation falls in November By CARLAMOZEE BP LONDON (MarketWatch) — Oil stocks on Europe suffered Friday following a decision by the Organization of the Petroleum Exporting Countries not to cut its 30-million-barrel-a-day production target for oil. The Stoxx Europe 600 oil and gas group was pushed 3.5% lower, and fell 9.5% for the week, […]
U.S. crude oil prices break below $75/bbl for the first time in more than three years, brushing aside an IEA report showing a surprise 1.735M barrelinventory drawdown as well as remarks by the Saudi oil minister dismissing talk of an oil price war among producers. West Texas crude settled today at $74.21/bbl, -3.9% and breaking below an important support level; during the […]
<h2>With crude oil prices in a funk, you may not get such an opportunity in years</h2> Goldman Sachs says these stocks are a ‘buy’: Schlumberger, Halliburton and Baker Hughes. Crude oil prices are hovering around $80 a barrel, the lowest level since summer 2012. Cheap oil affects a lot of things in the global economy, […]
Crude-oil prices hit multi-year lows on Tuesday, as the market struggled in the aftermath of Saudi Arabia’s decision to alter oil prices sold to U.S. and Asian buyers amid a weak forecast for European growth. Saudi Arabia’s move to keep itself competitive amid tanking oil prices, sees the oil-producing country cutting oil prices sold to […]
Strategists say don’t hold your breath, the gains won’t last Oil prices surged Friday, moving in step with stock futures and European stock markets, which also climbed after a volatile week of trading. On the New York Mercantile Exchange, light, sweet crude futures for delivery in NovemberCLX4, +0.36% jumped $1.05, or 1.3%, to $83.75 a barrel in […]
Published: Oct 14, 2014 3:44 p.m. ET U.S. oil prices suffer biggest one-day drop in nearly 2 years International Energy Agency By WILLIAMWAFTS NEW YORK (MarketWatch) — The shale-oil revolution has contributed to a rout in global oil prices. Now, will U.S. shale-oil producers, who have been enjoying boom times in oil, become a victim of their own success? […]
Brent, gasoline futures settle at 4-year low Getty ImagesOil prices continued to slide on Tuesday, though strategists said the selloff may be overdone. By WILLIAMWATTS NEW YORK (MarketWatch) — The collapse in crude-oil prices continued Tuesday, with the U.S. benchmark hitting its lowest level since June 2012. The sharp slide occurred after the International […]
Insight Equity Holdings Has Scored Gains of About $1.4 Billion on $91 Million Investment By GREGORY ZUCKERMAN CONNECT Sept. 15, 2014 1:17 p.m. ET A Superior Silica Sands mine near Poskin, Wis. A boom in shale-oil drilling has pushed up demand for sand used in hydraulic fracturing. Lonnie Wishart A small Texas investment firm has […]