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2023-04-06 19:45:19 ET Oil futures tallied a third straight weekly gain, boosted by this week's OPEC+ production cuts , but prices have been treading water since the big initial gains from the shock announcement, suggesting lingering concerns over global demand and recession risks c...
2023-04-06 13:06:52 ET Total active drilling rigs in the U.S. fell by 4 to 751, Baker Hughes said in its latest weekly report , posting back-to-back declines after two straight weekly increases. Drilling rigs targeting crude oil in the U.S. fell by 2 to 590, while gas rigs als...
2023-04-05 17:45:36 ET U.S. crude oil ticked lower Wednesday after four straight winning sessions, as this week's initial surge following OPEC's surprise production cut lacks staying power, with prices merely holding gains since spiking more than 6% on the first day. WTI crude ( C...
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...
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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...