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West Texas intermediate crude dropped below $80 a barrel, hitting two-year lows, with some analysts predicting that it could go lower.
Traders are concerned that longer-term global growth will impact demand for crude oil. So will producers scale back?
Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.
Some of Tuesday's midday movers:
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Take a look at some of Tuesday's midday movers:
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
A looming increase in taxes could force the hand of some companies to issue special dividends before year end, making it a record year for payouts, but which ones?
Gasoline prices — along with oil company profit margins — will likely head downward in the next several weeks, but one stock still has growth potential, Deutsche Bank oil analyst Paul Sankey said Thursday on CNBC.
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
*Raymond James Raises HollyFrontier Corp target price to $44 from $42. *Raymond James Raises Valero Energy target price to $36 from $32. *Raymond James Raises Western Refining target price to $32 from $31 For a summary of rating and price target changes on U.S. companies:.
Goldman Sachs analysts are favoring four oil-patch stocks, giving them potential six-month price increases of as much as 95 percent. This comes at a time when oil prices, a great determinant of energy companies' earnings and share-price performances, have been highly volatile.