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Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation. Rig rates of $25,000- $30,000 per day in the quarter ended Sept. 30, are expected to fall 20-25 percent or more next year and talks over lower rates are already underway, analysts said.
Stocks rose on Thursday, with benchmarks not far from all-time highs.
Some of Tuesday's midday movers:
Check out which companies are making headlines after the bell Thursday: Krispy Kreme, Wave Systems & more.
Take a look at some of Thursday's midday movers: AutoNation, GoPro, Wayfair & more.
Take a look at some of Thursday's midday movers:
Some of Thursday's midday movers:
But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources.
A reconstitution of the Russell Indexes occurs at the close of Wall Street trading Friday, reflective of the growth vs. value debate.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The U.S. energy renaissance has coincided with a boom in energy-related stocks, one that investors are starting to notice.
U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following dovish remarks from U.S. Federal Reserve Vice Chair Janet Yellen.
Some of the names on the move ahead of the open.
Chart analyses suggest a clear direction in the S&P 500, energy and gold, Chris Verrone of Strategas says.
Three-early cycle sectors offer stocks with growth potential, Peter Sorrentino of Huntington Asset Advisor says.
Take a look at some of Wednesday's midday movers:
Stocks struggled to hold their gains Monday, as investors remained reluctant to jump in amid ongoing "fiscal cliff" negotiations.
What stocks might the father of value investing, Benjamin Graham, like today? TheStreet.com reports.