Yahoo Finance LONDON – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher
Nasdaq MILAN – After two straight record-breaking years, investors that profited from booming oil stocks are now betting on a temporary retreat, as recession threatens economies in the United States and Europe. A gauge of global energy stocks .dMIWO0EN00PUS is set to rise over 35% for a second year in a surge that has propelled Exxon Mobil’s stock XOM.N to lifetime highs and
CNBC The rotation out of technology may be facing yet another catalyst. If energy’s outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak’s Matt Maley told CNBC’s “Trading Nation” on Tuesday. Oil prices fell Wednesday to around $62 a barrel after hitting two-month highs in Tuesday’s trade. “If you get
Reuters WINNIPEG/TORONTO – Shares of North America’s hard-hit oil and gas producers are climbing sharply as investors bet COVID-19 vaccine rollouts will ease the pandemic’s travel restrictions and revive fuel demand. The gains, which have pushed the Canadian Energy Sector Index up over 40% since Nov. 9, come as oil prices rise well above spring lows and big producers plan
Reuters NEW YORK – The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector’s transformation from investor darling to investor outcast. U.S. crude prices CLc1 fell more than 20% during the 2010s, while the rise of
EnerCom has posted presenting companies to date EnerCom, Inc. has opened online registration is open for the 24rd annual edition of its popular The Oil & Gas Conference® in Denver, Colorado. This year’s oil and gas investment conference will be held August 11-14, 2019, at the Westin Denver Downtown hotel. Buyside investors and oil and gas company professionals may register
Energy Shares Lead Rally The Toronto Stock Exchange TSX Composite was up more than 350 points today as battered energy stocks begin to rebound and the U.S. Federal Reserve offered assurance on its interest rates. The S&P/TSX composite index jumped 355.61 points to 14,217.13, its second straight triple-digit advance as traders continued to buy stocks that were oversold during the
The equity markets endured a good old-fashioned stomp-down last week, behaving in almost panic mode. Uncertainty over the Fed, uncertainty over the ECB, slowing economies in China and Europe, Ebola fears and the diving price of oil were among things that triggered heavy selling in last week’s equities markets, according to TV’s talking heads. “The markets finally woke up to
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