|Day's Range||69.37 - 70.45|
The S&P 500 Index fell ~0.4% to 2,804.49 on July 19. The index fell due to disappointing second-quarter earnings results from some of the S&P 500 companies and escalating trade tensions between the US and Europe. The European Union could impose tariffs on goods imported from the US. Six out of the 11 key sectors in the S&P 500 fell on July 19.
The natural gas–weighted stocks on our list that are sensitive to US crude oil September futures’ movements based on their last five trading sessions’ correlations with US crude oil September futures are as follows: Chesapeake Energy (CHK): 82.9% Range Resources (RRC): 59.8% Antero Resources (AR): 47.3% Southwestern Energy (SWN): 25.4%
Approximately 36.4% of the Wall Street analysts rated Whiting Petroleum (WLL) as a “buy,” 45.5% rated it as a “hold,” and ~12% rated it as “underperform.”
Oasis Petroleum’s (OAS) production guidance range for Q2 2018 is 76.0–80.5 Mboepd (thousand barrels of oil equivalent per day). Oasis Petroleum expects this growth to be driven by the Williston (Bakken) and Delaware basins. OAS was a pure-play Bakken player until it announced its Permian basin acquisition last year.
On July 18, natural gas August futures fell 0.7% and settled at $2.72 per MMBtu (million British thermal units)—the lowest closing level since May 4. Oversupply concerns in the face of weak demand could be behind the decline. Moreover, the forecast of cooler summer weather is another worry for natural gas bulls.
Between July 11 and July 18, our list of oil-weighted stocks fell 2.4%, while US crude oil September futures fell 1.6%. Below are the oil-weighted stocks that have seen the largest increases in the last five trading sessions: RSP Permian (RSPP): rose 3.9% Concho Resources (CXO): rose 3.8% WPX Energy (WPX): rose 1.4%
On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel. In the last three trading sessions, US crude oil September futures have been struggling to close above the $68.00 mark.
The current implied volatility in Whiting Petroleum (WLL) is ~57.24%—0.49% higher than its 15-day average of 56.96%. In contrast, the broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~17.8%—5.86% lower than the 15-day average of ~18.91%.
The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52. The correlation shows that there’s a strong positive relationship between National Oilwell Varco stock and crude oil prices.
* Palm up 2.2 pct on-week * Palm neutral in 2,187-2,218 rgt/tonne range - Technicals (Updates with closing prices) By Emily Chow KUALA LUMPUR, July 20 (Reuters) - Malaysian palm oil futures edged up at ...
The Zacks Analyst Blog Highlights: Marathon, Hess, Anadarko, ConocoPhillips and Whiting Petroleum
July 20 (Reuters) - Negri Sembilan Oil Palms Bhd: * JUNE FFB PRODUCTION 7,033 MT, CRUDE PALM OIL PRODUCTION 1,466 MT, PALM KERNEL PRODUCTION 375 MT Source: https://bit.ly/2La8p4u Further company coverage:...
July 20 (Reuters) - China Coal Xinji Energy Co Ltd : * SAYS 6-MONTH COAL SALES UP 34.1 PERCENT Y/Y AT 3.78 BILLION YUAN ($557.19 million) Source text in Chinese: https://bit.ly/2uMm46P Further company ...
* Palm up 1.6 pct on-week so far * July 1-20 period exports down 1.3 pct - AmSpec Agri * Palm neutral in 2,187-2,218 rgt/tonne range - Technicals By Emily Chow KUALA LUMPUR, July 20 (Reuters) - Malaysian ...
Crude oil markets rallied in the day on Thursday, reaching towards significant resistance as I record this market. I think that the market is probably due for a correction, so that makes sense to happen. I think that it is only a matter of time before the negativity comes back though.
KUALA LUMPUR, July 20 (Reuters) - Exports of Malaysian palm oil products during July 1 to 20 fell 1.3 percent to 681,178 tonnes from 690,015 tonnes shipped during June 1 to 20, inspection company AmSpec ...
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures edged down after hitting a one week-high in early trade ...
West Texas’ Permian has enjoyed a lot of media attention recently, but as oil prices continue to rise, Utah is becoming increasingly attractive to investors looking for long-term riches
Asian and Middle Eastern Independent oil companies are expanding their presence in South-East Asia as Big Oil has been shrinking their portfolio in this region
Investing.com – Crude oil prices settled higher Thursday as data showing U.S. crude supplies fell and comments that Saudi Arabia's exports would fall in August renewed expectations for a global shortage in crude supplies.
Despite the production surge in June and July, Saudi Arabia announced on Thursday that it expects a reduction in crude exports in August
US crude oil exports fell 28% to 1,461,000 bpd (barrels per day) last week, but rose by 733,000 bpd (101%) YoY (year-over-year) due to the oil export ban being lifted, domestic oil production rising, and the Brent-WTI spread widening.
Iran has filed a complaint against the United States with the International Court of Justice, claiming U.S. sanctions are ‘unlawful’
More than 10 percent of America’s coal miners with 25 or more years of experience have black lung disease, the highest rate recorded in roughly two decades, according to a government study released on Thursday that showed cases concentrated heavily in central Appalachia. The study by researchers from the government’s National Institute of Occupational Safety and Health marks the most authoritative evidence to date of a resurgence of the incurable respiratory illness caused by coal dust, which plagued miners in the 1970s but was nearly eradicated by the 1990s. "Although many consider black lung a disease of antiquity, it is undeniable that … these contemporary cases resulted from injurious exposures encountered in the 21st century," the authors said in the report, published in the American Journal of Public Health.
Whiting Petroleum (WLL) stock has been increasing since the beginning of this year. The stock has risen ~82.93% since the beginning of 2018 and 144% on a year-over-year basis.