As the energy industry gathers for CERAWeek in Houston, the issue of exporting the nation's burgeoning supply of oil will top the global agenda.» Read More
U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
Actors Jonathan Tucker and Stephen Collins hold onto the first two positions in Trading With The Stars. (We post Jonathan's picture--as he still leads). Stephen had gains on most of his purchases on 4/24, but lost almost 6% on Advanced Energy. Meanwhile, Ernie Hudson continues to be the most volatile moving from down 5th to 8th on losses in Advent Software and Mentor.
Murphy Oil estimated fourth-quarter income will be lower than current Wall Street estimates, partly due to a decline in retail and refining margins.
In our Big Money '07 series we're looking to energize your portfolio-- literally-- as we look at the best ways for investors to make money in the energy sector. On "Morning Call" two guests give their stock "picks." Fadel Gheit is Senior Energy Analyst with Oppenheimer & Company and Bob Morris is oil and gas analyst with Bank of American Securities.
Investors have seen some nice gains in both energy and commodity stocks over the past few months. But as we head into 2007--is the party over? Value investor Susan Byrne says the "celebration" will continue. Byrne is Chairman and Chief Investment Office at Westwood Holdings Group and her Equity Triple A Fund was crowned the number 1 large cap value fund last year by Lipper--returning over 13%.