Stocks rose Monday as investors built on the previous session’s historic move to record highs.The Dow Jones Industrial Average climbed 150 points, or 0.5%, to a new record level. The S&P 500 added 0.2%, […]
Author: Consultant
Oil rises as geopolitics counter demand concerns
Oil prices rose on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds dampening global oil demand.Brent crude rose […]
Sunoco to buy NuStar Energy in US$7.3-billion deal, including debt
Sunoco SUN-N said on Monday it would acquire fuels storage and pipeline operator NuStar Energy NS-N in a deal valued at about $7.3-billion including debt, as it tries to diversify its core business beyond […]
Economic Calendar: Jan 22 – Jan 26
Monday January 22Bank of Japan monetary policy meeting and outlook report (continues Tuesday)10 am ET: U.S. leading indicatorEarnings include: United Airlines Holdings Inc.==Tuesday January 23Euro area consumer confidence830 am ET: Canada […]
Nat-Gas Prices Plummet on Forecasts for Above-Average U.S. Temps
February Nymex natural gas (NGG24) on Friday closed -0.178 (-6.60%).Nat-gas prices on Friday fell sharply for a second day to a 3-week low, as weather forecasts shift warmer for the […]
Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies
February WTI crude oil (CLG24) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24) closed down -2.07 (-0.95%).Crude oil and gasoline prices on Friday settled moderately lower. Expectations […]
Tourmaline is being hit by weak natural gas prices. Should investors look at its generous dividend and bet on a rebound?
Tourmaline Oil Corp. TOU-T has been hit hard since the start of November, as natural gas prices tumbled at the prospect of an unusually warm winter. But if gas prices are now […]
Gold Futures Settle Higher After Back-to-back Losses
Published: 1/18/2024 2:06 PM ET | Gold futures settled higher on Thursday as the dollar stayed a bit subdued and Treasury yields dipped after climbing up on Wednesday on rate outlook jitters.The dollar […]
Oil Settles Sharply Higher On Drop In Crude Stocks, Bullish Demand Forecast
Published: 1/18/2024 3:11 PM ET | Oil prices climbed higher on Thursday, lifted by data showing a drop in U.S. crude inventories in the week ended January 12th, and on higher forecasts for […]