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2023-04-05 03:44:00 ET Summary U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post-pandemic high. From the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.76 rigs/wk and peaked at 551 rigs in t...
2023-04-05 00:18:19 ET Summary OPEC+ decided to cut oil production starting in May by 1.16 million barrels per day. This cut should last through the rest of the year and it seems to solve the disparity that existed between OPEC and the EIA. The move higher is warranted, and in...
2023-04-03 15:55:48 ET Energy ( NYSEARCA: XLE ) is the overwhelming leader on Monday's S&P 500 sector leaderboard, +4.6% , with crude oil spiking after Saudi Arabia and other OPEC+ producers unveiled a surprise decision to cut production by a combined 1.16M bbl/day. ...
2023-04-03 08:30:04 ET Energy stocks are rallying in European trading Monday following OPEC's surprise production cut announced over the weekend, with BP ( NYSE: BP ) +5.2% , TotalEnergies ( TTE ) +5.1% and Shell ( SHEL ) +4.9% in London. Oil and ga...
2023-04-02 19:53:15 ET Crude oil prices jumped more than $5/bbl as trading opened, responding to Sunday's surprise oil production cut across several OPEC+ nations. U.S. WTI crude ( CL1:COM ) surged past $81/bbl at the open to its highest since late January, with the May cont...
2023-04-02 05:28:57 ET Summary Two new Breakout Stocks for Week 14 with better than 10% short-term upside, ETFs, and a Dow 30 Pick. Average cumulative returns for 2023 are +45.4% YTD. The Momentum Gauges® ended the longest negative signal for 2023 in bear funds from March 7th...
2023-03-31 19:15:22 ET U.S. crude oil prices posted a fifth consecutive monthly decline but settled Friday at their highest in three weeks, and improving macroeconomic conditions could maintain upward momentum. This week's rally was sparked by the shutdown of ~450K bbl/day of Iraq...
2023-03-31 14:00:49 ET Total active drilling rigs in the U.S. fell by 3 to 755, Baker Hughes said in its latest weekly report , ticking lower after two straight weekly increases. Drilling rigs targeting crude oil in the U.S. fell by 1 to 592, while gas rigs dropped by 2 to 160 a...
2023-03-29 19:35:40 ET U.S. oil and gas activity slowed substantially in Q1, as production gains stalled and sentiment turned pessimistic, according to a survey released Wednesday by the Federal Reserve Bank of Dallas. The bank's business activity index, which measures conditions am...
2023-03-28 17:50:20 ET Energy ( NYSEARCA: XLE ) led the S&P sector standings by a wide margin Tuesday as crude oil prices extended gains on supply disruption risks from Iraqi Kurdistan and hopes the recent turmoil in the banking sector has been contained. Front-month Nym...
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2024-05-20 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-20 21:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-22 00:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...