Oil Prices Gain After Ukrainian Attack On Russian Oil Depot — Goldman Sachs Grows More Bullish On Long-Term Demand
Brent crude prices rose 1.4% to $63.90 per barrel at the time of writing, while West Texas Intermediate crude prices gained 90 cents, closing in on $60 per barrel.
Stocktwits·1d ago
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Oil ETF Giant Heads For Worst Annual Drop Since Pandemic — Chevron CEO Warns Of More Pain Ahead
The ETF has declined about 7.6% this year, according to Koyfin data, amid a decline in crude oil prices.
Stocktwits·2d ago
IEA Reverses Tone On Fossil Fuels, Sees Oil Demand Climbing Till 2050
The Paris-based agency reintroduced the “Current Policies Scenario,” or CPS, under which oil consumption grows by 13% by 2050.
Stocktwits·3d ago
Should You Invest in the Energy Select Sector SPDR ETF (XLE)?
Sector ETF report for XLE
Zacks·1mo ago
ETFs Set to Benefit From JPMorgan's $1.5T U.S. Security Push
JPMorgan launches $1.5T decade-long initiative to boost U.S. security, energy and tech ahead of Q3 earnings report.
Zacks·1mo ago
This Energy ETF Is Heading Toward Its Worst Week In Four Months — Can A Late Rebound Save The Day?
The declines follow a more than 7% drop in both Brent crude and West Texas Intermediate crude prices this week, due to concerns about oversupply.
Stocktwits·1mo ago
Why Occidental Petroleum Stock Rose In After-Hours Today?
A Wall Street Journal report stated that Berkshire Hathaway was considering buying OxyChem for about $10 billion, and the deal could be announced within days.
Stocktwits·2mo ago
ExxonMobil Seeks Security Assurances For $30B Mozambique LNG Project From President Chapo: Report
In 2021, an attack by Islamic State-linked militants at a nearby town forced Exxon to delay its plans.
Stocktwits·2mo ago
4 Reasons for Q4 to Start on a Strong Note: ETFs to Play
Bet on Wall Street Q4 tailwinds -- strong GDP data, holiday sales, AI boom & earnings growth. These have put the spotlight on IWM, XLF, XLY & XLE.
Zacks·2mo ago
ConocoPhillips CEO Reportedly Says M&A Focus Hurt Competitiveness, Leading To Jobs Cuts – ‘I Fault Myself’
CEO Ryan Lance said he faults himself for not paying attention, adding that the company should have been smarter about how it approached its acquisitions.