Markets opened higher on Thursday after a report showed jobless claims dipped in the last week and the economy grew more than expected last quarter. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
ConocoPhillips reported a 71 percent decline in its quarterly profit. Other oil giants including Chevron and Exxon will announce results later on this week. What should investors expect? Tina Vital, integrated oil and gas equity analyst at Standard & Poor’s U.S. Equity Research, shared her outlook.
The CEO of oil giant BP believes the drop in the dollar in recent months is a major factor behind oil prices breaking through $75 a barrel.
Contrary to skeptics who speculate that markets are due for correction, Jeff Knight, CIO of Putnam Global Asset Allocation Team, and Margaret Patel, portfolio manager at Evergreen Investments, are still bullish.
Cramer makes the call on viewers' favorite stocks.
Oil supplies in the U.S. are at almost 20 year highs, heating oil supplies are near 25 year highs and consumers are really watching their budgets right now, "so we think oil at $70s right now is quite overpriced," said James Cordier, founder of Optionsellers.com.
This Scandinavian play offers almost everything investors could want in an oil stock.
Volatility in commodities is coming back in a big way, said Dennis Gartman, founder of The Gartman Letter.
The value stocks will make a comeback as the economy and earnings improve, said Robert Doll, vice chairman and global CIO of equities at BlackRock.
Demand, not only for gasoline, but for other major products markets as well, is going the wrong way... Thus, Big Oil is straining under the weight of poor margins, writes Stephen Schork.
Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry's worst midyear showing in years, stung by slumping global energy demand that threatens to further slow exploration and production.
Ah, we're back to the Good Old Days...of last week. Stock futures have been higher all night...the dollar is down after a two-day rally, the Shanghai Composite Index has rallied 1.7 percent after dropping 5 percent yesterday after the People's Bank of China assured investors that they would keep a relatively loose monetary policy, commodities are rallying...initial jobless claims were about inline with expectations.
Exxon Mobil spacer said Tuesday it will make its first major investment in greenhouse-gas reducing biofuels in a $600 million partnership with biotech company Synthetic Genomics to develop transportation fuels from algae.
When it came time to do another documentary, I knew that NASCAR was going to be it. It’s a sport with a huge fan following that is most exposed to the economic downturn.
With demand for gasoline, and the ethanol that goes into it, expected to rise, oil companies are trying to benefit.
There are a number of signs that the economy is strengthening, said Russ Koesterich, head of investment strategy at Barclays Global Investors.
Any number of headlines Wednesday could knock stocks out of their side ways trading pattern, but the Treasury market is the one to watch as the Fed winds down its two-day meeting.
Big oil companies are betting that algae, that green slime found in ponds, is a viable source of renewable energy, and they're joining academics, start-ups and the U.S. government in dedicating resources to studying its potential.
With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.
Energy prices were mixed on Monday … crude oil futures in New York and London plunged, then surged and then plunged again as the market (present company included) traced into a vicious whipsaw, writes Stephen Schork.