BGR News and Press, BlackRock Energy and Resources Trust From 11/09/20

Crude oil prices surge above $40/bbl after Pfizer said its COVID-19 vaccine was 90% effective, and Saudi Arabia said an OPEC+ deal on production cuts could be adjusted to offset rising supply and weak demand.December WTI crude (CL1:COM) +8.8% to $40.41/bbl; January Brent (CO1:COM) +8% to $42....

The U.S. officially pulled out of the Paris Climate Agreement yesterday after giving the required year's notice on Nov. 4, 2019.It makes the country the only one of 197 signatories to have withdrawn from the deal struck in 2015, and which Joe Biden has said would be revived if elected preside...

Crude oil (CL1:COM) prices fall sharply as a surge in U.S. crude inventories and growing coronavirus infections in the U.S. and Europe spark worries of an oil glut and weaker fuel demand.December WTI crude -4.7% to $37.71/bbl after gaining 2.6% yesterday, and December Brent -3.9% to $39.59/bb...

Crude oil (CL1:COM) fell more than 3% as coronavirus cases continue to surge in the U.S., European countries including Italy and Spain impose fresh restrictions to curb the virus, and the rebound in Libyan production could undermine efforts to chip away at a global glut of crude.WTI crude clo...

Crude oil prices tumble (CL1:COM) as Libya lifted force majeure at its largest oilfield, producers began restoring output in the Gulf of Mexico after Hurricane Delta and a Norwegian strike affecting production ended.November WTI -3.2% to $39.29/bbl; December Brent -2.9% to $41.62/bbl.Producti...

We analyze performance trends in closed-end-funds this year along with themes by asset classes. Equity funds with concentrated exposure to Technology and Healthcare are among the biggest winners this year. Energy focused funds have underperformed given the weaker pricing environme...

The world's appetite for crude oil won't reach its peak for another 20 years, OPEC says in a far more optimistic forecast of the world's post-coronavirus demand for oil than many other forecasts.In its 2020 World Oil Outlook, OPEC forecasts global oil demand will keep rising until around 2040...

Real assets, which include commodities, precious metals, real estate, and infrastructure, have several unique factors and investment considerations that set them apart from traditional financial assets. With broader market indexes becoming increasingly weighted to technology, real ass...

The energy sector ([[XLE]] -3.6%) sinks to the bottom of the S&P 500 sector standings, with crude oil futures falling nearly 4% as rising coronavirus cases around the world hurts energy's demand outlook, with further price pressure from last month's increase in OPEC production.November WT...

The contrarian case for buying energy stocks just keeps getting stronger and stronger. Energy stocks now represent the most hated stock market sector of all time according to SentimenTrader. You just don't get these sorts of extremes in sentiment very often. And when you do, you b...