BGR News and Press, BlackRock Energy and Resources Trust From 07/28/21

Interest rates have bottomed. Inflation expectation continues to show relative performance despite recent drop in yields. Copper has broken out of a downtrend signaling global economic growth should zoom back higher. We favor value, cyclical, and energy stocks going forward. S...

The Dow Jones Industrial Average was down nearly 1000 points at the low Monday and closed down 725, a loss of a little over 2%. The S&P 500 did a little better but closed down 1.5%. The markets rose through the rest of the week and ended on a high note. So, you got your chance to ...

Oil demand in the US continues to recover with jet fuel demand now being the swing factor in the pace of the recovery. Energy stocks bounced off of key supports on Tuesday/Wednesday. Bottoms tend to be messy and the recent macro rotation has been stomach churning. We need more obs...

Crude oil futures settle with a modest rebound, a day after the WTI benchmark plunged by the most in a single session since September.Yesterday's selloff, sparked by fears that rising cases of the coronavirus delta variant could damage demand for energy products, pushed oil ~7% lower and hit ...

OPEC+ agrees to restore all production cuts the group made when the COVID-19 pandemic began, raising output by 400K bbl/day each month through the end of 2022, resolving an internal dispute that had tested the unity of the alliance.The deal will give Saudi Arabia, the United Arab Emirates, Ir...

Following the June CPI print, value and cyclicals have materially underperformed growth. Bonds have also rallied relentlessly creating havoc on the macro front. OPEC+ discord played a role in spooking generalists, but this will be resolved soon given recent news release on Saudi/U...

12963734/iStock via Getty Images Crude oil futures extended yesterday's losses, sliding to a four-week low as COVID concerns rise again and reports said the United Arab Emirates and OPEC reached a compromise that would allow a further relaxation of production curbs beginning next month. "The ...

The Energy sector carried its momentum from the end of 2020 into 2021 and ended Q2 as the S&P 500's best performer after returning a staggering 45.61%. US oil production has been steady around 11 mbpd for most of 2021 given producers' conservative capital allocation strategies tow...

Grafissimo/E+ via Getty Images Crude oil futures tumble to their lowest of the day as traders weigh conflicting reports about a potential compromise between Saudi Arabia and the United Arab Emirates on production levels. Multiple reports this morning said the UAE and Saudi Arabia had reached ...

OPEC has reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the country can eventually pump as part of a wider agreement to boost global supplies, WSJ reports.August WTI crude oil (CL1:COM) -0.3% to $75.01/bbl; September Brent (CO1:COM) -0.1% to $76.39...