Text size Frederic J. Brown / AFP via Getty Images After a few shaky days, oil prices rose on Wednesday after a surprising result at an OPEC meeting and better-than-expected government data from the US. Brent crude, the global benchmark, set 2.1% higher at $ 43.79 on Tuesday, while West …
Read More »OPEC meeting worries oil investors
Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
Read More »Exxon Mobil unveiled an 8K Thursday. What was not in the presentation could be worrying.
Text size Scott Olson / Getty Images Exxon Mobil provided an update on its second-quarter outlook on Thursday, and could mean a second-quarter earnings release for the oil giant, according to Cowen & Company. In its latest 8K presentation, Exxon (ticker: XOM) detailed the continuing headwinds against the Covid-19 pandemic …
Read More »Chesapeake Energy filed for bankruptcy. Other oil and gas stocks could also be at risk.
Text size Paul Ratje / Getty Images Bond Investors Should Not Be Overly Surprised With Chesapeake Energy‘s bankruptcy. The oil and gas producer filed for Chapter 11 bankruptcy protection in a South Texas court on Sunday, after the company and its creditors agreed to the guidelines of a restructuring plan …
Read More »Crude Oil Futures Trading Exceeds Major $ 40 Per Barrel Level
Text size Joe Raedle / Getty Images Crude oil futures are making new gains above $ 40 a barrel, a notable change for a product that briefly traded below $ 0 in April. On Tuesday, futures for Brent crude, the global benchmark, rose 1.2% to $ 43.58 a barrel. West …
Read More »