|Bid||0.00 x 1200|
|Ask||0.00 x 1400|
|Day's Range||8.32 - 8.68|
|52 Week Range||4.53 - 19.46|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.00%|
Following the OPEC and non-OPEC ministerial meeting, the two parties reportedly agreed to cut oil production by a cumulative 1.2 million barrels per day – 0.8 million bpd by OPEC members and 0.4 million bpd by allied producers. Iran managed to secure an exemption from production cuts, citing the burden of U.S. sanctions it's already shouldering. Saudi Arabia, which wields the clout among OPEC members by virtue of it being the top oil producer in the cartel, initially opposed the proposal to exempt Iran.
Our base case is that oil balances remain tight and that prices realized exceed what the futures market is indicating. The recent OPEC meetings and press conference have given oil investors greater clarity about the cartel’s intentions and reaction ...
Research Analyst Noah Barrett explains why OPEC may ease production cuts and what that means for investors. The Organization of the Petroleum Exporting Countries (OPEC) and Russia have said they might ease production cuts in the second half of 2018. ...
A complex quandary is currently happening in the Permian Basin. Basis-differentials. In the energy sector, a basis-differential represents the difference in prices between locations. For example, the price received by a producer for a barrel of oil ...
$60-Handle Blues Crude oil prices have been on a yo-yo for the past week. At 2:30 PM on May 21, WTI (West Texas Intermediate, the benchmark crude rate set daily for futures contracts in New York) closed the trading session at $72.24 a barrel. It then ...
Key points: In our view, an increase in targeted OPEC+ production to be announced next month would represent a rational tweaking of supply amid continued dwindling global oil inventories and potential further geopolitical disruptions. We expect oil ...
“Judging by the oil market in the pre-OPEC era, a ‘normal’ market price might now be in the $5-10 range. … Last week Algeria’s energy minister declared, with only slight exaggeration, that prices might conceivably tumble ‘to $2 or $3 a barrel.’” —The ...
Author Fred Fromm, CFA Vice President, Research Analyst, Franklin Equity Group® Benchmark global oil prices have increased roughly 19% year-to-date and 39% over the past year, hitting the highest levels since 2014. 1 Brent crude oil, the global ...
Until recently, energy stocks have failed to keep pace with the surging price of crude. Now Lead Energy Analyst Noah Barrett sees potential for well-managed, upstream and midstream companies to benefit from the highest spot prices for Brent and West ...
President Trump’s decision to withdraw from the Joint Comprehensive Plan of Action (or JCPOA) could lead to regional conflicts in the Middle East. Israel and Saudi Arabia, two of Iran’s neighbors, have extended support to President Trump’s decision, which could escalate the tensions in the region. Stock prices of energy (XLE) companies like Marathon Oil (MRO) and Hess have zoomed higher since the Iran deal pull-out and look set for further gains if crude prices continue to surge.
The ultimate impact will depend on Russia and OPEC’s responses to rising prices and tightening supplies. The U.S. decision to pull out of the Iran nuclear deal has potentially profound implications for the oil market. While withdrawal from the Joint ...
We expect the recent rise in oil prices to be a modest headwind to U.S. economic activity while supporting inflation. How sensitive is the U.S. economy to rising oil prices? A popular view is that growing U.S. energy output has largely immunized the ...
Could the Correction in ConocoPhillips’s Stock Go Deeper? As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price has fallen significantly, more than 5% for the week ended March 2. Crude oil (UWT)(SCO)(DWT) fell ~4%.
Is ConocoPhillips’s Stock Correction Over? As we discussed in the preceding part of this series, ConocoPhillips’s (COP) stock price rose more than 4% in the week ended February 23. Crude oil (USL) (SCO) (DWT) and natural gas prices each rose ~3%, and so it’s clear that COP’s stock price followed the rise in crude oil and natural gas last week.
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as the FOMC is set to release its statement on monetary policy after meeting for two days at the Federal Reserve building in Washington, D.C.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves.
Drivers should brace for higher gas prices this spring. Yahoo Finance's Seana Smith and Jared Blikre on AAA expecting Americans to pay more at the pump in early April.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down how markets could react if China's President Xi becomes de facto president for life.