OPEC+

On today's (Oct. 6) episode of the "Stock Market Movers," host Mitch Hoch spoke to Rob Thummel, senior portfolio manager and managing director at Tortoise Capital Advisors, about the OPEC+ decision to cut oil production and the White House's reaction to it.  Stock...

The White House on Wednesday responded to OPEC+'s historic reduction of oil, to which President Joe Biden said he is disappointed in the shortsighted decision by the coalition to cut production quotas in the current uncertain macro and geopolitical environment. The White House also said ...

Monday was a great day for stocks overall, but one sector absolutely dominated the day: energy. In fact, the Energy Select Sector SPDR Fund (ARCA: XLE) was up more than 6% on the day, nearly double the returns of any other sector.  Why Are Oil And Gas Stocks Soaring? OPEC+, the coalition of...

Bloomberg reports that the OPEC+ group of oil producers will consider an oil output cut of more than 1 million barrels per day (bpd).  According to the report, OPEC+ group is meeting in Vienna on Wednesday and finalize its decision. The 23-nation alliance had been conducting meetings...

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth...

Oil continued to trade lower in Asia trading on Thursday morning, following a weak finish in the previous session on the back of demand concerns as China announced fresh restrictions to limit COVID-19. West Texas Intermediate futures were trading 0.5% down at $89.09/barrel at press time. Small...

Oil continued its downward trend during Tuesday morning trading session in Asia after several countries reported weak manufacturing data stoking fears of sluggish demand. Surveys from the United States, Europe and Asia showed that factories struggled for momentum in July, reported Reuters. Factory...

One of the beauties of the crude oil market specifically, and commodity markets in general, is that active traders and investors only have one equation to analyze: supply versus demand. It’s a matter of looking at how much product is out there and how much of the supply consumers want right...

The Past Week, In A Nutshell What Happened: In an extension of the sharp rotation out of safety on a sustained economic rebound after the COVID-19 coronavirus pandemic, stretched sentiment propelled stocks to record closing highs. Remember This: “We are starting to see some extreme measures...

A few things will go back to "normal" once the COVID-19 pandemic is under control, but somethings may not. The U.S. shale oil industry is one of them. The shale oil industry had been on the rise and it appeared there was very little that could derail it. Innovation and technology drove...

The recent oil price war between Russia and Saudi Arabia has President Trump caught in tough spot. One the one hand, cheaper oil prices are good for consumers and industries that rely on oil to function. But the 17-year lows in oil is also hurting oil producing countries, of which the U.S. is one...