The S&P 500 could have a total return of as much as 11 percent next year, including nearly a 2 percent dividend, analyst David Darst tells CNBC.» Read More
TOKYO, Dec 18- U.S. crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day due to bearish U.S. oil data, Russia's rouble crisis and a U.S. decision to resume diplomatic ties with Cuba after 50 years. *NYMEX crude for January delivery, which expires after Friday's settlement, was up 1 cent at $56.48 a barrel by 0006...
Chevron has put a plan to drill for oil in the Canadian Arctic on hold because of "economic uncertainty" caused by oil's fall.
CALGARY, Alberta, Dec 17- Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away...
Stocks rose Wednesday as investors bet the Fed would continue to support the economy.
Trying to pick a bottom in energy stocks: is this the time to go long?
Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
Some of Wednesday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
It’s been a wild ride, but Jim Cramer thinks that things could still look bright for this energy-related stock.
NEW YORK, Dec 16- The proverbial knife is falling. "With the stocks down so big, seems to be an intermediate opportunity in the group," said Doug Kass, president of Seabreeze Partners in Palm Beach, Florida. Between the beginning of the year and June 23, the sector had gained 13 percent on the back of a steady rise in oil prices and expectations for improved growth.
Some of Tuesday's midday movers:
NEW YORK— Energy companies are leading a rebound in the U.S. stock market as the price of oil turns higher. Crude oil rose 29 cents, or 0.5 percent, to $56.19 a barrel in New York. Russia's ruble recouped some of its losses against the dollar Tuesday after that country's central bank hiked interest rates in an effort to protect the currency's value.
The ruble, under pressure from falling oil prices and Western sanctions over Moscow's conflict with Ukraine, had fallen as much as 20 percent before recovering. Benchmark U.S. crude rose 2 cents to close at $55.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.20 to close at $59.86 in London.
It’s a December tradition: Selling out of losing positions for tax reasons. So what assets will be vulnerable—and what opportunities may be created?
*Stocks drop after seven weeks of gains. *Oil volatility could spread to equities. NEW YORK, Dec 12- U.S. stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil's free-fall and more weak data out of China.
Some of Friday's midday movers:
MEXICO CITY, Dec 11- Mexico said on Thursday it would cap the number of shallow-water projects companies can bid for as it set out initial contracts for the historic opening of its oil and gas industry, but did not specify the share the government will take. Following a reform that ended Mexico's 75- year state monopoly, officials unveiled details of the first...
MEXICO CITY, Dec 11- Mexico said on Thursday it would cap the number of shallow water contracts companies can bid for as it outlined the tender for the first leg of the country's energy sector opening, but gave on word on how much tax the government will take. Following a sweeping energy reform that ended a 75- year state monopoly, Mexico's National Hydrocarbons...
Some of Thursday's midday movers:
Stocks declined on Wednesday, furthering the week's losses, as crude fell as OPEC cut its demand outlook for 2015.