crude

T. Rowe Price fund manager Shawn Driscoll is not convinced that the 100 percent rally in crude oil prices off of February’s lows will last. In fact, Driscoll is making a $5.2 billion bet that it won’t. Driscoll believes that the 2004 collapse in oil prices was only the beginning of a 10...

Franklin Templeton Investments, which has $740 billion in assets under management, has been making some big bets that the oil rally is far from over. WTI prices, which dipped near $26/bbl in February, have recovered to around $50/bbl in recent weeks. However, Franklin Templeton believes that prices...

U.S. rig counts rose again for the third consecutive week last week, and Goldman Sachs analyst Damien Courvalin has updated the firm’s projections for oil production. Total rig count climbed by nine rigs last week, including seven additional vertical rigs and one additional horizontal rig....

Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...

Citi has reaffirmed its Buy rating on Canadian Natural Resource Ltd (USA) (NYSE: CNQ) following its annual analyst meeting at which the company said it now expects production to increase about 25 percent by 2019 (8 percent CAGR). "The clear emphasis was on the massive wall of free cash flow ahead...

Investors in Pioneer Natural Resources (NYSE: PXD) stock were hurt when oil prices sharply dropped in the afternoon session Thursday, following the offering of 5.25 million shares at $157.52 (3.1 percent lower than the previous close). In his analysis of Pioneer Natural Resources, TheStreet's Real...

Deutsche Bank highlighted three investor concerns on ConocoPhillips (NYSE: COP) despite reiterating its Buy rating and $62 price target on the stock. The brokerage's concerns were: 1. "Lack of confidence around cash flow ramp and/or capital requirements, primarily outside of the US onshore 2. "...

After briefly spiking above $51/bbl, WTI crude oil prices are back down under $47 following six consecutive days of declines and a weak U.S. stock draw this week. According to D.A. Davidson analyst John Rogers, oil and gas investor shouldn’t sweat the recent pullback. “Optimism is...

The price of US WTI crude oil closed for trading on Tuesday above the $50 per barrel mark for the first time since July. The commodity continued to trade higher early Wednesday morning and was seen trading above the $51 per barrel handle. The last time WTI crude futures traded near the $51 per...

The price of oil traded solidly above the $50 per barrel mark on Tuesday due to various factors, including a disruption in supply from several oil producing nations such as Libya, Canada and Venezuela, a weaker U.S. dollar and... auto sales data out of India? According to the Wall Street Journal,...

In news that is not exactly stunning to seasoned followers of the high-yield corporate bond market, junk bonds and the related exchange-traded funds are enjoying oil's rebound. After all, it was slumping oil prices and the specter of high-yield energy sector defaults that dragged on junk bond...

Barclays' David Anderson upgraded Weatherford International Plc (NYSE: WFT) with a price target of $8.00. The rating change comes after the company announced $1.1 billion in convertible debt and settled the Zubair change-order claim for $150 million. Despite low expectations for the company,...

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...

Credit Suisse's John Edwards reiterated Plains All American Pipeline, L.P. (NYSE: PAA)/Plains GP Holdings LP (NYSE: PAGP)'s Neutral rating with price targets of $26.00 and $11.00, respectively. "The main takeaway from PAA's investor day [...] was management's description of PAA's ongoing strategy...

With WTI crude oil prices knocking on the door of $50/bbl for the first time since October of 2015, Citi analyst Seth Kleinman has become more bullish on the outlook for oil. According to Kleinman, a combination of crude oil inventory drawdowns, supply outages and worker strikes have quickened the...