BGR News and Press, BlackRock Energy and Resources Trust From 07/05/21

Brent crude oil rises above $77/bbl for the first time since 2018 after OPEC+ fails to reach a production deal, further squeezing an already tight oil market and raising concerns over inflation.With the United Arab Emirates continuing to block an agreement, today's planned OPEC+ meeting has b...

Inflation metrics across the board are hitting decade, multi-decade, and some all-time highs. The Federal Reserve claims that inflation is "transitory." A labor shortage suggests that wages will have to rise. Oil prices are likely to continue climbing. These impacts mean i...

WTI crude oil rockets past $75/bbl for the first time since October 2018 after media reports indicate that Saudi Arabia and Russia have reached a tentative deal to gradually raise production.According to Reuters, the OPEC+ group is weighing a plan that would ease production curbs enough to ad...

After a long bear market, the energy sector has low capex and is likely setting up for a longer-term bull market, not just a transitory blip. An analysis of every major energy/power source, including their shortcomings. My favorite energy stocks for the long run. For further...

imaginima/E+ via Getty Images Oil futures are not immune from today's rout in commodities, pulling back from the highest close in more than two-and-a-half years as the dollar strengthened in reaction to the Federal Reserve's hawkish shift in tone. The U.S. Dollar Index +0.9% today and up 1.6%...

Guven Polat/iStock via Getty Images U.S. crude oil prices hit a 32-month high today, and talk is rising among some top oil traders and forecasters that crude could return to $100/bbl before the end of this year. But it is more likely that OPEC+ will provide a price ceiling, with greater risks...

Shares of BlackRock Energy and Resources Trust (NYSE:BGR) traded at a new 52-week high today of $10.37. Approximately 175,000 shares have changed hands today, as compared to an average 30-day volume of 120,000 shares. BlackRock Energy & Resources Trust is a closed-end equity fund pro...

WTI July crude oil (CL1:COM) settles +1.2% to $70.05/bbl, the highest finish for the front-month contract since October 2018, on continued expectations of improvement in U.S. energy demand and indications that additional Iranian oil supply would not be re-introduced into the market anytime so...

Oil and gas pipeline operators received an advisory today from the U.S. Department of Transportation directing them to update their inspection and maintenance plans with the intent of curbing the release of methane gas from their operations.The DoT's Pipeline and Hazardous Materials Safety Ad...

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...