News
BOIL
17.41
-11.76%
-2.32
Crude oil slips as worries set in over U.S. gasoline demand
Crude oil slips as worries set in over weak gasoline demand despite start of summer driving season. The gasoline crack spread hit a five-month low of $24/bbl on Wednesday. Front-month Nymex crude for July delivery closes with its fifth loss in seven sessions.
Seeking Alpha · 15h ago
Short-Term Energy Outlook, May 2024
EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. US oil prices are expected to rise to $88/b in 2024 and then fall to $85 in 2024. US demand for natural gas is expected to be relatively flat from 2023 to 2025. The EIA estimate for OPEC spare capacity is too optimistic.
Seeking Alpha · 21h ago
Asia and Europe Markets Dip; Crude Hits $80 While Gold Declines - Global Markets Today While US Slept
On Tuesday, May 28th, stock markets closed mixed, with the Nasdaq surpassing 17,000 for the first time. Japan's Nikkei 225 and Australia's S&P/ASX 200 closed lower. The Dow Jones Industrial Average fell due to rising Treasury yields.
Benzinga · 1d ago
Goldman Sachs hikes oil demand outlook, sees peak at least a decade away
Goldman Sachs raises oil demand outlook, sees peak at least a decade away. Crude oil futures rebounded from last week's losses as tensions flare in the Middle East. Air travel data also helped lift oil prices. The market awaits the June 2 meeting of OPEC and its allies.
Seeking Alpha · 1d ago
Asia And European Markets Dip, Crude Oil Advances Towards $80 - Global Markets Today While US Slept
On Friday, May 24th, stock markets closed higher, with the Nasdaq and S&P 500 advancing. The Dow Jones Industrial Average rose slightly. Positive economic data drove gains. Japan's Nikkei 225 and Australia's ASX 200 closed lower on Tuesday.
Benzinga · 2d ago
U.S. Presidential Election: Implications For Investors
Kim Parlee speaks with William Priest and Kevin Hebner about the implications for investors of the upcoming US presidential election. Priest and Hebner write a report on what the election results could mean for investors. They discuss the law of globalization and the impact it could have on the global economy.
Seeking Alpha · 2d ago
AI And The Energy Grid: Solving For AI's Power Needs
The energy sector contributes about 10% of the S&P 500's net income. Rapid advancement and adoption of artificial intelligence is poised to drive a significant increase in power demand. A text-based query takes about the same amount of power as an internet search. Is the energy sector equipped for the AI power revolution? BlackRock's Will Su walks us through the potential investment opportunities and challenges.
Seeking Alpha · 2d ago
Weekly Report: what happened at BOIL last week (0520-0524)?
Weekly Report · 3d ago
Pete Najarian On AI, Financials And Staying Disciplined
Pete Najarian On AI, Financials And Staying Disciplined. Pete Najarian, co-founder of Market Rebellion, discusses the current state of the economy, Fed policy, and the impact on the markets. He discusses several ways to profit from the AI boom.
Seeking Alpha · 3d ago
UAE to reach oil capacity target a year early in potential source of OPEC tension
UAE to reach oil capacity target a year early in potential source of OPEC tension. Crude oil futures rebounded Friday to snap a four-day losing streak. The United Arab Emirates is poised to achieve its full oil capacity targets more than a year earlier than expected. The energy sector was the week's worst performer.
Seeking Alpha · 5d ago
U.S. drilling rigs fall for fourth time in five weeks, Baker Hughes says
Energy . Drilling rigs fall for fourth time in five weeks, Baker Hughes says. Total active rigs drilling for oil and gas in the . Fell by 4 to 600, the count's fourth reduction in the past five weeks. The count is 16% below this time last year.
Seeking Alpha · 5d ago
Asia And European Markets Dip, Crude Falls To $76 - Global Markets Today While US Slept
On Thursday, May 23rd, stock markets closed lower as enthusiasm for Nvidia's results faded. All three major . Indexes declined. In economic data, the S&P Global manufacturing PMI increased to from 50 in April. Japan’s Nikkei 225 closed lower on Friday.
Benzinga · 6d ago
Natural gas likely will be short-lived after this month's rally, Citi says
Seeking Alpha · 6d ago
U.S. natural gas inventory net change of +78 Bcf for week ended May 17 - EIA
EIA Weekly Natural Gas Storage Report: Stocks for the week ended May 17, 2024, were 2,711 Bcf. Total working gas is above the five-year average and 402 Bcf higher than last year. Net change of +78 Bcf compared to consensus estimate of +84 Bcf for the same week.
Seeking Alpha · 6d ago
UBS sees Brent crude climbing to $91/bbl over coming months
Commodities Energy UBS sees Brent crude climbing to $91/bbl over coming months. Investment bank expects voluntary production cuts to extend for at least three months. UBS also estimates demand growth of for 2024 above the long-term growth rate. Brent crude prices were trading higher on Thursday.
Seeking Alpha · 05/23 11:52
Asia Mixed, Europe Markets Dip; Gold Hovers Near Record High - Global Markets Today While US Slept
On Monday, May 21st, stock markets closed higher, with all major indexes gaining. The S&P 500 and Nasdaq reached record highs. Japan’s Nikkei 225 declined on Wednesday. The decline was driven by investor anticipation of Nvidia's quarterly results and the Federal Reserve's minutes.
Benzinga · 05/22 11:12
U.S. puts 1M-barrel northeast gasoline reserve up for sale
Department of Energy plans to sell nearly 1M barrels of gasoline from the Northeast Gasoline Supply Reserve. Retail gasoline prices fell for the fourth straight week to $ on Monday. Front-month crude oil futures end back-to-back days of losses. Goldman Sachs says they are "mildly bullish" on oil prices.
Seeking Alpha · 05/21 23:25
Top Performing Leveraged/Inverse ETFs: 05/19/2024
NASDAQ · 05/21 16:10
Asia And European Markets Dip, Crude Falls 1% While Gold Trades Above $24,00 - Global Markets Today While US Slept
On Friday, May 20th, the Nasdaq reached a record high and the S&P 500 rose slightly. Japan’s Nikkei 225 declined as investors locked in profits. Hong Kong stocks saw their biggest drop in five weeks. On Tuesday, Asia markets closed mixed.
Benzinga · 05/21 10:53
The Bullish Outlook For Natural Gas Continues To Improve
Bullish outlook for natural gas has improved dramatically in recent months. The drop in production has brought total supplies back to more favourable levels. However, prices have rallied hard and are likely to be stretched in the near term. The bull case for the natural gas market continues to build. There is still plenty of upside for prices over the coming 12-24 months.
Seeking Alpha · 05/21 08:15
More
Webull provides a variety of real-time BOIL stock news. You can receive the latest news about ProShares Ultra Bloomberg Natural Gas through multiple platforms. This information may help you make smarter investment decisions.