crude

Simmons & Co is upping EPS estimates and price targets for oil & gas E&P stocks. According to analyst Pearce Hammond, the firm’s new estimates reflect a mark-to-market update to the forward curve through 2018. “Our E&P coverage universe (mkt cap weighted) now offers ~13...

There was a time when many income investors scurried into master limited partnerships (MLPs) and the corresponding exchange-traded funds searching for yield amid low U.S. interest rates. Part of their motivation was the belief that because most MLPs are not involved in the exploration and...

There are seven single-country, exchange-traded funds dedicated to members of the Organization of Petroleum Countries (OPEC). With the exception of three ETFs tracking Indonesia, which recently rejoined OPEC, other OPEC ETFs have been drab performers. That is particularly true of the Global X MSCI...

Oil prices are up sharply in Friday’s session as investors are displaying optimism about the reported 5-million-barrel drawdown in U.S. crude stockpiles last week. The EIA’s reported 5-million-barrel drawdown was much better than the 3.2 million barrel build that analysts had forecast....

The Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 1.2 percent year to date. That does not sound like much, but it is a far cry from the savage losses incurred by the benchmark energy exchange traded fund in each of the past two years. In March, XLE surged 7.4 percent, outpacing the S&P 500...

Oil investors had high hopes for this month’s international meeting of leading OPEC and non-OPEC oil producers, who will reportedly be discussing a plan to freeze global oil production. Rumors surrounding the meeting have been driving a huge rally in crude oil prices after they hit their...

Oil prices were highly volatile on Thursday, as commodity investors and traders' focus turned to an upcoming meeting between OPEC and non-OPEC producing nations. According to the Wall Street Journal, a dozen countries have confirmed their attendance for an April 17 meeting to discuss an output...

Neither oil's rally and nor the corresponding move in energy equities are short of doubters. That does not change the fact that the energy sector, the worst performer in the S&P 500 in each of the past two years, has been a freight train to not get in front of in recent weeks. Over the past...

According to a recent Bloomberg article, President Obama may be reversing his position on drilling for oil and gas in the Atlantic, and the move may be pushing oil stocks down on Tuesday. Obama's initial proposal recommended offshore drilling for oil from Georgia to Virginia and marked "the second...

In a new report, UBS analyst Jon Rigby updated the firm’s outlook for the global oil markets, including predictions for when the market will begin to recover. According to Rigby, the market is now on course to reach a balance by 2017. He noted that the nearly 40 percent rally in WTI since the...

WTI crude oil prices have soared 37.6 percent in the past month, but the market remains divided on whether the oil rally is for real. Shares of the United States Oil Fund LP (ETF) (NYSE: USO) have only risen 28.0 percent during the past month, an indication that many investors are not convinced...

In a new report, Deutsche Bank analyst Ed Reardon discussed the impact that low oil prices are having on credit markets. Low oil prices are hurting the high-yield energy credit market, but consumer credit and aviation debt markets have benefited. Deutsche Bank is now projecting $33/bbl for Brent...