Lagereek/Getty Images Intermediate energy Stocks are companies involved in the processing, transportation and storage of crude oil, natural gas and natural gas liquids. These companies operate in the “midstream” sector, which is between the upstream (exploration and production) and downstream (refining and marketing) sectors of the energy industry. They are much less susceptible to spot…
November WTI Crude Oil (CLX25) was down -0.17 (-0.30%) today and November RBOB Gasoline (RBX25) closed down -0.0191 (-1.04%). Crude oil and gasoline prices gave up an early advance today and turned lower as the dollar (DXY00) strengthened. Crude oil is also being weakened by the negative carryover from last Thursday, when President Trump said…
As the final day of trading passes, the stock market moves quietly, ending a year of strong gains. The S&P 500 is very close to reaching its highest point in history, ending the year up an impressive 24.6%. The Dow Jones Industrial Average hit a new record, showing a 13% rise in 2023, and the…
November WTI Crude Oil (CLX25) is down -0.06 (-0.10%), and November RBOB Gasoline (RBX25) is down -0.0084 (-0.46%) today. Crude oil and gasoline prices gave up an early advance today and fell after EIA weekly crude oil inventories unexpectedly rose and U.S. crude production rose to a record level. Crude oil prices initially rose today…
November WTI Crude Oil (CLX25) closed Wednesday down -0.43 (-0.73%) and November RBOB Gasoline (RBX25) closed up +0.0058 (+0.32%). Crude oil and gasoline prices closed mixed on Wednesday. Crude oil remains under pressure on concerns about a global supply glut after the IEA on Tuesday forecast a record global oil glut of 4.0 million bpd…
In the last Market at closing live broadcast, viewer Richard asked a sharp question: “The ITB – the construction index – appears to be the first to fall, showing weakness in the overall economy. Is this just a setback or a sign of things to come?” John Rowland, CMT, did not hesitate to broaden the…
November WTI Crude Oil (CLX25) closed Monday up +0.59 (+1.00%) and November RBOB Gasoline (RBX25) closed up +0.0012 (+0.39%). Crude oil and gasoline prices closed higher on Monday, recovering some of last Friday’s decline. Crude oil prices rose after the Trump administration over the weekend indicated its openness to reaching a trade deal with China….
November WTI Crude Otr (Clx25) on Thursday closed -1.30 (-2.10%), and November Rbob Gasoline (RBX25) closed -0.0349 (-1.85%). Oil prices and crude oil were sold on Thursday, with the crude publishing a low closer 4 month content and gasoline registering a minimum of 4.5 years. Crude prices are being withdrawn as OPEC+ increases its raw…
By Florence so Singapore oil prices (Reuters) fell almost 1% on Monday after the Kurdistan region of Iraq resumed exports of crude oil through Turkey during the weekend and, as OPEC+ plans another increase in oil production in November, which adds to global supplies. Brent Crude Futures fell 63 cents, or 0.90%, at $ 69.50…
