|Bid||38.02 x 1600|
|Ask||38.03 x 700|
|Day's Range||37.97 - 38.11|
|52 Week Range||33.70 - 42.49|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
US distillate inventories fell by 1.3 MMbbls (million barrels) to 128.1 MMbbls on December 1–8, 2017, according to the EIA.
US dry natural gas production fell by 0.5 Bcf per day or 0.7% to 76.2 Bcf per day on November 30–December 6, 2017, according to PointLogic.
According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.
US crude oil production rose by 290,000 bpd (barrels per day) or 3.1% to 9,481,000 bpd in September 2017—compared to the previous month.
Baker Hughes, a GE company, is scheduled to release its US crude oil and natural gas rig count report on December 1, 2017.
The EIA estimated that US crude oil inventories fell by 3.4 MMbbls (million barrels) to 453.7 MMbbls on November 17–24, 2017.
Libya is one of OPEC's members. The EIA estimated that its crude oil production rose by 35,000 bpd or 3.8% to 960,000 bpd in October 2017.
PointLogic estimates that US natural gas production rose 0.4% to 75.9 Bcf (billion cubic feet) per day on November 16–22, 2017.
According to the EIA (U.S. Energy Information Administration), US gasoline inventories rose by 44,000 barrels to 210.4 MMbbls (million barrels) between November 10 and 17, 2017. However, gasoline inventories ...
Saudi Arabia’s crude oil exports to the US fell to 525,000 bpd in October 2017—the lowest in 30 years. Exports fell due to ongoing output cuts.
The EIA estimated that Cushing’s crude oil inventories fell by 1,504,000 barrels to 63 MMbbls (million barrels) on November 3–10, 2017.
The EIA estimates that weekly US gasoline demand rose by 147,000 bpd (barrels per day) to 9,461,000 bpd on October 20–27, 2017.
US crude oil inventories fell 15% from their peak in March 2017 for the week ending November 3, 2017, which helped oil (USO) (UCO) prices.
On October 31, 2017, the EIA reported that US gasoline demand rose by 197,000 bpd to 9,770,000 bpd in August 2017—compared to the previous month.
Just a little less than two months ago, it looked like the Energy Select Sector SPDR ETF (NYSEARCA:XLE) was in full-blown rally mode, driven by constituents like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). If you’re a true long-term investor though, and you see sector-based ETFs like the Energy SPDR as an effective, simple way to tap into the bigger trends that transcend the market’s typical volatility, you might want to stick with your XLE stock. Believe it or not, the energy sector really is in the midst of a turn-around.
The EIA estimates that US crude oil production rose by 1,101,000 bpd or 13.1% to 9,507,000 bpd on October 13–20, 2017. It rose from almost a four-year low.
OPEC’s next meeting will be held on November 30, 2017. If the production cut deal is extended, it would likely be bullish for crude oil prices.
US crude oil rigs are near a five-month low. West Texas Intermediate (or WTI) crude oil (UWT) (DWT) prices are down 8.8% year-to-date (or YTD).
The US Dollar Index rose 0.22% to 93.14 on October 16. It's near a one-week high. The US dollar (UUP) rose due to the rise in US Treasury yields.
Even with the benefit of a recent rally, the energy sector remains the worst-performing group in the S&P 500 this year, but that does not mean investors should gloss over the sector. The $1.1 billion iShares ...
The US Energy Information Administration (or EIA) released its "Weekly Petroleum Status Report" on October 12. It estimates that US crude oil production fell by 81,000 bpd (barrels per day).