The combination of the shutdown of a major LA refinery plus autumn planned work at other plants could cause oil prices to spikes by late November.» Read More
The stock market reversed an early stumble and ended higher on Friday, led by gains in oil and gas companies. Chevron jumped 4 percent, the most in the Dow Jones industrial average. Exxon Mobil also gained 3 percent.
U.S. stocks turned higher Friday, in attempt to extend a recent recovery, as investors digested higher oil prices and a weaker-than-expected jobs report.
A jump in crude oil helped turn things around, as Chevron, Exxon Mobil and other oil giants charged higher. "It looks like October is clearly off the table," said Michael Arone, chief investment strategist at State Street Global Advisors. "There's just no positive spin you can put on it," said Russ Koesterich, BlackRock's global chief investment strategist. "
U.S. stocks closed narrowly mixed, attempting to put a steady start to the fourth quarter, as investors looked ahead to Friday's jobs report.
NEW YORK— U.S. stocks headed lower Thursday, a day after the market wrapped up its worst quarter in four years. KEEPING SCORE: The Standard& Poor's 500 index slipped fell 17 points, or 0.8 percent, to 1,903 as of 12:05 p.m. Eastern time. "It has been a painful experience, but that's what creates opportunities," said Tom Dinegan, an equity strategist at UBS Wealth...
NEW YORK— A late turn gave the stock market a meagre gain to start the month Thursday, a day after it finished its worst quarter in four years. Investors were looking ahead to Friday when the government releases its monthly jobs report. If the jobs report were to show a gain of more than 200,000, people will start wondering about the Fed's next move, said Brad McMillan,...
The "Fast Money" traders give their final thoughts of the day.
U.S. stocks closed higher, following a rally in global markets, but the major averages still posted the worst quarter in four years.
BOSTON, Sept 30- One-in-four U.S. large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. BMO's Large-Cap Value Fund boosted it energy exposure to 13 percent from 10 percent at the end of February after buying more shares of ExxonMobil Corp and refiner...
HOUSTON, Sept 29- A flurry of gasoline import cargoes helped push California gasoline prices down from July's 2015 highs, but the continued shutdown of a major Los Angeles- area refinery on top of autumn planned work at other plants could bring more spikes by Thanksgiving, experts and traders said. Multiple import cargoes of gasoline and gasoline components...
The Arctic is likely the biggest untapped area for petroleum on Earth, but Royal Dutch Shell is just the latest of the oil supermajors to pull back. Here's why.
BUCHAREST, Sept 22- Romania's biggest gas producer Romgaz does not plan to tap shale gas exploration in the next few years, but will invest heavily in conventional wells using its existing financial resources, it said on Tuesday. "We always stressed our base activity is conventional exploration, there are many things to do here, on the other hand as a perspective, it...
CNBC Pro reached out to market experts to find out how they would trade after the Fed decision.
*Rotork slumps nearly 11 pct after update. LONDON, Sept 17- Britain's share market on Thursday gave up some of its gains from the previous session, with engineering companies such as Smiths Group and Weir Group falling on concerns about peer Rotork's outlook. Rotork, which makes valve-automation equipment used in the oil and gas, power and nuclear industries, fell...
U.S. stocks closed more than half a percent higher as investors eyed a jump in oil prices and looked ahead to the Fed's decision on a rate hike.
U.S. stocks closed mildly higher despite a renewed decline in oil prices and uncertainty ahead of the key Federal Reserve meeting next week.
Some of the names on the move ahead of the open.
As the Fed appears to move closer to a potential rate hike, emerging markets could take a hit. Here are the companies with the most exposure.
Sept 9- Cloud storage provider Box Inc reported a better-than-expected rise in quarterly revenue and raised its full-year revenue forecast for the second time as more customers subscribed to its content-sharing platform. Box expects full year revenue of $295 million to $297 million, up from $286 million to $290 million, it said in a statement on Wednesday.
U.S. stocks closed more than 1 percent lower, weighed by declines in oil and failing to extend a rally in global markets despite talk of stimulus overseas.