OPEC

The price of oil soared over the weekend and hit a 17-month high after OPEC and non-OPEC members struck an agreement to support oil prices. By Monday morning, the price of oil gained more than 6 percent. Brent crude futures gained more than $2 per barrel to trade at $56.61 and traded as high as...

Yes, that headline indicates that what follows is a discussion on French stocks and the iShares MSCI France Index (ETF) (NYSE: EWQ), the largest France exchange-traded fund listed in New York. Oui To EWQ EWQ is more than 20 years old and home to $284 million assets under management. It is the...

Contrary to recent concerns, Cruise lines appear well-positioned to withstand a moderate increase in oil prices in the near term, and the greater risk seems to be increased share price volatility caused by “oil-related headlines or a sustained increase in oil prices in the absence of a...

Crude oil prices hit their highest level in a year and a half on Monday, following last week’s strong performance with another push higher. The surge follows last week’s surprise decision by OPEC to cut production for the first time since 2008. Recent Performance Brent futures LCOc1...

The OPEC deal may have finally marked a buying opportunity in oilfield service stocks after a multi-year slump in the global oil market. Bernstein analyst Colin Davies now has a positive outlook for North American oil field services stocks and has initiated coverage on nine of the biggest names in...

The Organization of Petroleum Exporting Countries (OPEC) delighted oil investors Wednesday when it announced it would cut output by 32.5 million barrels per day. Not surprisingly, many of the day's best-performing exchange-traded funds were energy plays. Leveraged Energy ETFs And The OPEC...

With the "will they" or "won't they" dilemma now past following the greenlighting of OPEC's proposal to cut production quota, it is time to keep a tab on some of the stocks that can benefit from this news that is bullish for prices and in turn the companies. OPEC Finally Agrees On Cuts OPEC,...

PreMarket Prep hosts Joel Elconin and Dennis Dick discussed the real impact that the OPEC production cut deal will have on oil stocks. According to Dick, WTI’s 9 percent jump to nearly $50 isn’t really cause for celebration for many of the higher-cost oil producers. “A lot of...

OPEC has agreed to its first production cut in nearly eight years on Wednesday. Shares of the United States Oil Fund LP (ETF) (NYSE: USO) are up 8.75 percent in early Wednesday trading in response to the news. While investors await the official details, Benzinga took a look back at how the USO...

After months of negotiations and disputes, OPEC has reportedly agreed to its first crude oil production cut since 2008. At a meeting in Vienna, sources said OPEC has finalized a deal that is in line with a plan discussed in September to cut production from 33.6 million barrels per day (bpd) to...

Investment banking firm Jefferies kicked off its sixth annual energy conference this week in Houston. The conference features many of the top players in the oil and gas industry, including those in the E&P, midstream, MLP, drilling and services sectors. Last year, 75 companies participated, and...

The market doesn’t seem to know what to expect ahead of this week’s OPEC meeting in Vienna. OPEC leaders were expected to meet on Wednesday to finalize a deal to dial back production while the global oil market rebalanced from a prolonged supply glut. However, developments leading...

There might be cheer for those who are preparing to be on the road for Thanksgiving. Gas prices may pinch their pockets less this year, leaving them with more disposable income to splurge on spending related to the occasion. Adding To Consumer Cheer This is an added premium over the better...