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  • Crude Oil Weekly Price Forecast – crude oil struggles again
    FX Empire9 hours ago

    Crude Oil Weekly Price Forecast – crude oil struggles again

    Crude oil markets fell significantly during the week, reaching down below the lows of the previous week and beyond. However, there are some signs of support below, so I think this next week or two are going to be very crucial as to where we go next in both grades that we follow here at FX Empire.

  • Gold Weekly Price Forecast – Gold markets looking for support
    FX Empire9 hours ago

    Gold Weekly Price Forecast – Gold markets looking for support

    Gold markets spent the majority of the week falling but got a bit of a reprieve on Friday as Donald Trump suggested that interest rates in the United States should remain low, and perhaps rate hikes should be on hold. Of course, he doesn’t have that power so the market reacting the way it has on Friday is a bit of a head scratcher.

  • GBP/USD Price Forecast – Sterling takes off after Trump comments
    FX Empire10 hours ago

    GBP/USD Price Forecast – Sterling takes off after Trump comments

    The GBP/USD pair rallied rather significantly during the trading session on Friday, reaching towards a critical supply area near the 1.3075 handle after Donald Trump tweeted that the US dollar was being unfairly strengthened as interest rates around the world it remained far too low. For some reason, market participants read this as a sign that interest rates were going to be put on hold in the United States. The funny thing is, he doesn’t have that power and just ½ an hour before one of the Federal Reserve governors reiterated the need to continue to raise rates.

  • Crude Oil Prices Settle Higher But Can't Avoid Second-Straight Weekly Loss
    Investing.com17 hours ago

    Crude Oil Prices Settle Higher But Can't Avoid Second-Straight Weekly Loss

    Investing.com – WTI crude oil prices settled higher Friday, supported by a weaker dollar and signs of tightening in U.S. output. But they failed to avert and second-straight weekly loss.

  • US Crude Oil Could Test $66 Next Week
    Market Realist18 hours ago

    US Crude Oil Could Test $66 Next Week

    Yesterday, US crude oil’s implied volatility was 24.4%, 3.2% below its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 165%. Crude oil’s implied volatility has fallen ~67.5% since February 11, 2016.

  • MarketWatch19 hours ago

    U.S. oil prices climb, but end the week lower

    MARKET PULSE U.S. oil prices climbed Friday, extending gains from a day earlier when comments from Saudi Arabia's OPEC governor eased concerns over the potential for an oversupplied market. Rising U.

  • Reuters19 hours ago

    U.S. crude strengthens as dollar slips to four-day low

    Oil prices rose on Friday as a weakening dollar and lower expected August oil exports from Saudi Arabia supported the market, offsetting concerns about U.S.-China trade tensions and supply increases. U.S. crude strengthened late in the session as the U.S. dollar index slipped to a four-day low, on reports that U.S. President Donald Trump worries that the Federal Reserve will raise rates twice this year. The expiring U.S. West Texas Intermediate (WTI) crude for August delivery was up $1.50 cents at $70.96 a barrel by 2:23 p.m. EDT [1823 GMT], while the more liquid September contract rose 14 cents to $68.38 a barrel.

  • A New Three-Month Low for Natural Gas?
    Market Realist20 hours ago

    A New Three-Month Low for Natural Gas?

    Yesterday, natural gas’s implied volatility was 19.6%, ~4.4% below its 15-day moving average. In the last week, natural gas’s August futures have fallen 1%, and its implied volatility has fallen ~2.5%. Since June, these two variables have been moving together .

  • Could There Be Dark Clouds Ahead for Oil?
    Market Realist20 hours ago

    Could There Be Dark Clouds Ahead for Oil?

    Yesterday, US crude oil September futures rose 0.7% and settled at $68.24 per barrel. Meanwhile, oil-weighted stocks Pioneer Natural Resources (PXD), Apache (APA), Denbury Resources (DNR), and California Resources (CRC), which benefit from higher oil prices, rose 0.4%, 0.2%, 0.5%, and 0.3%, respectively.

  • Oil prices could top $120 before year-end
    MarketWatch21 hours ago

    Oil prices could top $120 before year-end

    Oil prices have lost more than 8% this month, but investors should be aware that a roughly 40% spike from last week’s levels to more than $100 is possible this year.

  • Oilprice.com21 hours ago

    Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd

    The U.S. rig count fell this week amid a bump in oil production, while the Canadian rig count gained 14 oil & gas rigs

  • How Does US Natural Gas Production Impact Prices?
    Market Realist23 hours ago

    How Does US Natural Gas Production Impact Prices?

    PointLogic estimates that US dry natural gas production fell 0.7% to 80 Bcf (billion cubic feet) per day on July 12–18. However, the production has risen 11% year-over-year.

  • Market Realistyesterday

    Has Natural Gas Outperformed Natural Gas–Weighted Stocks?

    Between July 11 and July 18, our list of natural gas–weighted stocks fell 4.2% while natural gas August futures fell 3.8%. On average, natural gas–weighted stocks underperformed natural gas futures in this period. Let’s take a look at the natural gas–weighted stocks that have outperformed natural gas prices in the last five trading sessions: Cabot Oil & Gas (COG): rose 1.2% Range Resources (RRC): fell 2.7%

  • S&P 500 and Energy Prices Diverged on July 19
    Market Realistyesterday

    S&P 500 and Energy Prices Diverged on July 19

    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.

  • Oil More of a Concern for Natural Gas Stocks than Natural Gas
    Market Realistyesterday

    Oil More of a Concern for Natural Gas Stocks than Natural Gas

    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%

  • Whiting Petroleum: Analysts’ Recommendations
    Market Realistyesterday

    Whiting Petroleum: Analysts’ Recommendations

    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.”

  • What Are Oasis Petroleum’s Second-Quarter Production Forecasts?
    Market Realistyesterday

    What Are Oasis Petroleum’s Second-Quarter Production Forecasts?

    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.

  • Natural Gas at New Two-Month Low: Do Gas-Weighted Stocks Care?
    Market Realistyesterday

    Natural Gas at New Two-Month Low: Do Gas-Weighted Stocks Care?

    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.

  • Market Realistyesterday

    Broad Market Sentiment Supporting Some Oil-Weighted Stocks

    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%

  • WTI Oil’s Struggle: Which Oil-Weighted Stocks Should You Watch?
    Market Realistyesterday

    WTI Oil’s Struggle: Which Oil-Weighted Stocks Should You Watch?

    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.

  • Whiting Petroleum: Forecasting the Stock Price Range
    Market Realistyesterday

    Whiting Petroleum: Forecasting the Stock Price Range

    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%.

  • National Oilwell Varco Reacts to Crude Oil’s Change
    Market Realistyesterday

    National Oilwell Varco Reacts to Crude Oil’s Change

    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.

  • Reutersyesterday

    VEGOILS-Palm oil edges up but sluggish demand caps range

    * 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
    Zacksyesterday

    The Zacks Analyst Blog Highlights: Marathon, Hess, Anadarko, ConocoPhillips and Whiting Petroleum

    The Zacks Analyst Blog Highlights: Marathon, Hess, Anadarko, ConocoPhillips and Whiting Petroleum

  • Reutersyesterday

    BRIEF-Negri Sembilan Oil Palms Posts June FFB Production Of 7,033 MT

    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:...