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Tag Archives: crude oil

Crude oil: Are we seeing a short term low?

oil barrel, market quick take, crude oil market

Today’s Market Quick take from Eugene Graner at Heartland Investor Services gives us a quick 4 1/2 minute update on the crude oil markets and short term outlook. Inside this 4 ½ minute video, he shows how oil might bounce from some support before the second shoe drops. Today’s low of $47.70 shows a price decline, despite a projection that EIA data ...

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Stocks lower in morning after sizable gains the day before

stocks

NEW YORK (AP) — Stocks are mostly falling Tuesday morning as investors sift through new economic reports and earnings results. Utilities, consumer goods companies and banks fell the most after the market made sizable gains the day before. Wal-Mart Stores and JPMorgan Chase each dropped 1 percent, among the biggest declines in the Dow Jones industrial average. KEEPING SCORE: The ...

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US stocks climb in broad rally as crude oil rises

FILE - In this Monday, Aug. 24, 2015, file photo, a man walks towards the New York Stock Exchange. Weak Chinese economic data weighed on global stocks Monday, May 16, 2016, at the start of a week that's likely to be dominated by speculation over whether the U.S. Federal Reserve will raise interest rates in June. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — A jump in oil prices and some deal news helped send stocks up broadly Monday, breaking a three-day losing streak. Investors bought from the start of trading, pushing oil drillers and other energy stocks up sharply. A bullish oil report from Goldman Sachs helped send benchmark U.S. crude up 3.3 percent to its highest close in ...

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US stocks are mixed as oil and metals prices slide

stocks

NEW YORK (AP) — U.S. stocks are little changed in midday trading Monday as the market comes off two weeks of losses. Drug companies are leading gains in the health care sector, but energy and materials companies are falling. The price of oil is down following a government shakeup in Saudi Arabia. Energy and metals prices are also falling because ...

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Stock market shakes off an early loss and turns higher

stock market

NEW YORK (AP) — The stock market turned modestly higher in afternoon trading Friday, after the U.S. government’s disappointing jobs report added to speculation that the Federal Reserve might keep interest rates low for another year. Investors were also weighing tepid U.S. earnings reports and persistent weakness in the global economy. TAKING SCORE: The Dow Jones industrial average rose 77 ...

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Slump in Chinese manufacturing weighs on markets

British EU vote

NEW YORK (AP) — Renewed concerns about economic growth abroad — specifically Europe and China — weighed on markets on Tuesday, causing stocks to erase all of the previous day’s gains. The Dow Jones industrial average lost 140.25 points, or 0.8 percent, to 17,750.91. The Standard & Poor’s 500 index lost 18.06 points, or 0.9 percent, to 2,063.37 and the ...

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US stock indexes edge lower in early trading; oil slides

US stock indexes edge lower in early trading; oil slides

U.S. stock indexes edged lower in early trading Thursday as investors pored over the latest crop of company earnings news. Telecom services and consumer staples companies were down the most. Oil prices were also headed lower. The stock market is coming off a three-day winning streak. KEEPING SCORE: The Dow Jones industrial average fell 39 points, or 0.2 percent, to ...

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Michigan wants risk analysis about St Clair River pipelines

Michigan wants risk analysis about St Clair River pipelines

MARYSVILLE, Mich. (AP) — The state of Michigan wants the federal government to request a comprehensive risk analysis about several pipelines under the St. Clair River. The request was included in the state’s comments announced Thursday about proposed issuance of a presidential permit to Plains LPG Services that officials say could allow two St. Clair River pipelines built in 1918 ...

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NY finds 5 critical defects in latest rail inspections

NY finds 5 critical defects in latest rail inspections

ALBANY, N.Y. (AP) — Transportation officials say teams have examined another 341 oil tank cars, 132 miles of track and 69 switches, finding five critical defects needing an immediate fix and 42 others. In the most recent effort to reduce potential dangers from crude oil transports across New York, federal and state inspectors report examining tankers at the CSX Corp.’s ...

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US stocks rising as crude oil prices get lift

US stocks rising as crude oil prices get lift

NEW YORK (AP) — Stocks are turning higher in early trading Wednesday on strong earnings reports and a rise in crude oil prices. Several energy companies are rising sharply after getting a beat-down the day before. Oil-rig operator Transocean is up 5 percent. KEEPING SCORE: The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,004 as of ...

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