BGR News and Press, BlackRock Energy and Resources Trust From 06/07/21

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...

We got another disappointing employment report last week. The US economy added 559,000 jobs in May, which was below expectations and disappointing. There are certainly remaining supply-side issues in the economy, which is what we should expect in a recovery from a supply shock. The pr...

Crude oil prices climbed to their highest levels in more than two years today, as optimism over a crude demand recovery and tighter supplies lifted the U.S. benchmark by 5% for the week.Nymex July WTI crude (CL1:COM) settled +1.2% to $69.62/bbl, while August Brent crude (CO1:COM) capped a 4.6...

Shares of BlackRock Energy and Resources Trust (NYSE:BGR) traded today at $10.08, eclipsing its 52-week high. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 115,000 shares. BlackRock Energy & Resources Trust is a closed-end equity fun...

Crude oil prices edge higher, extending yesterday's 3%-plus gains, but energy stocks ([[XLE]] -2.1%) nevertheless slide to the bottom of today's S&P sector standings.July WTI crude (CL1:COM) +0.3% to $66.29/bbl, after the front-month contract settled yesterday at the highest since May 17,...

Crude oil futures move higher as Goldman Sachs says it expects Brent prices to climb to $80/bbl in Q4, arguing the outlook for a large vaccine-driven increase in demand outweighs the potential return of Iranian supply.July Brent crude (CO1:COM) +1.6% to $67.52/bbl, and July WTI (CL1:COM)...

A little-noticed news event this week with potentially major long-term implications for the U.S. oil and gas industry was President Biden's executive order directing federal agencies to address the risks climate change poses to the U.S. financial system and federal government.Biden's order di...

Due to passive investing’s increasing popularity, opportunities outside of the major indexes should become both more prevalent and more attractive. Recently, though, traditional passive investing has become a bit less popular as many investors have eagerly embraced alternatives...

"Investment in new fossil fuel supply projects must cease immediately" if the world is going to cut net carbon emissions to zero by 2050, the International Energy Agency says in a new report that calls for huge investments in clean energy.Aside from severe cuts in fossil fuel consumption, the...

Crude oil prices plunge quickly following a BBC report that progress was made in the U.S.-Iran nuclear talks, with an announcement on a deal expected tomorrow.The Russian envoy in Vienna says significant progress has been made in efforts toward an agreement to revive the 2015 nuclear deal, ac...