Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chart Of The Day: Oil? Surging. Oil Stocks? Not So Much
Both WTI and Brent futures have surged by more than 20% in just a few weeks. But interestingly, oil stocks have been lagging behind. The MoneyShow Chart of the Day shows the one-month percentage change in WTI and Brent crude oil futures, plus the…
MBS and Saudi Arabia face crisis with key oil pipeline shut for weeks
The U.S.-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman. The kingdom was spared the worst of the Islamic Republic's counterstrikes against the U.S. and Israel early in the conflict, and…
Oil prices steady as Saudi pipeline closure pressures supply - TT
Customers fill up at a Saudi Aramco gas station in Santiago, Chile. (Cristobal Olivares/Bloomberg) Oil prices declined for the first time this week with Saudi Arabia's crucial oil pipeline closure adding to pressure on global oil supply. A gallon…
Fed rate hike today: 3 storylines investors should watch in stocks, oil and Treasury yields
The time has finally come for the Fed to adjust interest rates — or so the market says. Investors are pricing in more-than-90% odds of a quarter-point increase when the central bank announces its decision at 2 p.m. ET. Meanwhile, the 10-year…
Oil Prices Edge Lower Ahead of Fed Decision
Oil prices edged lower in early European trading Wednesday ahead of the Federal Reserve 's interest-rate decision, while continuing disruptions in the Middle East and Houthi advances kept supply risks elevated. Brent crude futures fell 1.1% to…
Oil Pares Gains, Stock Futures Steady as Cautious Optimism Heralds Fed Day
U.S. stock futures were steady and oil edged lower in early European trade as market sentiment stabilized ahead of the Federal Reserve 's policy rate decision later Wednesday. Markets are near-certain the Fed will raise rates, with a 91%…
Oil slips as Saudi Arabia offers more crude via Oman; diesel near record high
Sept 16 (Reuters) - Oil prices fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions, while European diesel prices hovered near a record…
PXJ ETF: A Good Choice For An Oil And Gas Services Investment (NYSEARCA:PXJ)
Managing Director, Boslego Risk ServicesHarvard College, Economics (Honors), BA Undergraduate thesis: 'OPEC Pricing Strategy.' Harvard Business School Case Study: 'Industrialized World and Oil.'Stanford University Graduate School of Business, MBA I…
Futures Rise, Oil And Yields Dip Ahead Of First Fed Hike In Three Years
Futures are higher into Fed Day where consensus is for a 25bp hike, the first since July 2023, with unknown levels of communication, and the question is what the dot plot shows (see preview here). S&P 500 futures are up by 0.3%, finding relief…
Bond yields are spiking, oil is up - but investors aren't giving up on stocks
The 10-year Treasury yield crossed 5% as higher rates and geopolitical risks added to market volatility. But Bank of America's latest fund manager survey showed investors remained overweight global equities and optimistic about earnings. BlackRock…
Wall Street ends lower as oil spikes and the benchmark Treasury yield breaches 5%
Wall Street extended its selloff on Tuesday, as rising U.S. Treasury yields, mounting debt concerns and soaring crude prices kept buyers on the sidelines. SCROLL TO CONTINUE WITH CONTENT All three major U.S. stock indexes extended Monday's losses…
JPMorgan says the US economy can withstand surging oil prices
Surging oil prices have long been anathema to markets and the economy, but the latest shock may not matter as much this time around, JPMorgan Private Bank says. Oil spiked back back above the $100-a-barrel mark last week, an important psychological…
US borrowing costs hit highest level since 2007 as oil jumps
US government borrowing costs climbed to their highest level since 2007 after a jump in oil prices further fuelled concerns about inflation. The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, rose…
Oil Declines But Remains Elevated Amid Supply Concerns, Geopolitical Risks
0030 GMT — Oil declines in early Asian trade but remains above $100 a barrel as the Middle East conflict continues to squeeze supply. A particularly strong combination of geopolitical risks and physical supply disruptions continues to…
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