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Brent oil prices (USO) rallied 4%+ Wednesday in early US trading, to retake $120/b on the back of Russian pipeline news, spiking refining margins, and additional fuel price subsidies. Tuesday, TASS news reported that "storm damage" may reduce oil export volumes through the CPC terminal; a ter...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Marathon Oil (NYSE: MRO ) stock is staging an impressive comeback in early 2022. Persistently high petroleum prices aren’t the only reason to invest in the company. Investors can choose to be patient ...
U.S. stocks seesawed Monday with the major averages hitting their lows of the day after Federal Reserve Chair Jerome Powell sounded alarms on surging inflation and vowed tough action. The Dow Jones Industrials snapped its five-session win streak, dropping 201.94 points to close at 34,55...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Marathon Oil is an attractive oil and gas play with a 1.21% dividend yield and a forward P/E below 10x. Analysts forecast 88.5% higher earnings this year, along with significant FCF growth. It has cut the share co...
Barclay's lifted the bank's 2022 Brent oil price forecast to $92/b from $80/b Friday, and increased 2022+ prices by $10-$15/b with long-term prices now assumed to stabilize around $70/b. On the back of the oil price forecast change, E&P analyst Jeanine Wai updated price targets, and now s...
Energy (NYSEARCA:XLE +3.4%) easily topped Thursday's S&P sector standings, as U.S. benchmark oil prices reclaimed the $100/bbl mark following three straight days of decline to $95. April WTI crude (CL1:COM) closed +8.4% at $102.98/bbl, bouncing off the lowest front-month contract settleme...
Update: as equity markets closed Thursday, oil prices (USO) ended the day near their high, up ~9%. Devon (DVN) led the large caps higher, up 10%+, with Kosmos (KOS) up ~10%, and Occidental (OXY) up ~9% on the day. Oil prices (USO) traded higher by ~7% ahead of the US equity market open Thursd...
Norway will offer new licenses to drill for oil and gas in the Arctic, North Sea and Barents, the Government announced Thursday. In last year's round of licensing, Equinor (NYSE:EQNR), Aker BP (OTCPK:DETNF), Lundin (OTCPK:LNDNF) and Var Energies won a majority of newly awarded blocks. In the ...
Oil prices (USO) traded higher by ~7% ahead of the US equity market open Thursday, following a series of mixed headlines and $14 selloff since Friday's close. Diplomatic progress in Ukraine had removed much of the geopolitical risk premium from oil prices in recent days; however, when referri...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors wondering if oil is entering a bear market don’t have to look any further for an answer! Source: Shutterstock We’re covering all of the most recent news affecting oil prices below! Oil has...
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Marathon Oil Corporation Declares Second Quarter 2024 Dividend PR Newswire HOUSTON , July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on...
Marathon Oil Schedules Second Quarter 2024 Earnings Release PR Newswire HOUSTON , July 17, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its second quarter 2024 earnings release on Wednesday, Aug. 7 , after t...
2024-06-19 02:52:00 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...