News
DBO
15.43
+1.18%
0.18
U.S. pump prices seen surging as refinery outages cut supply ahead of summer
U.S. Crude oil closed with slight losses Friday, but posted a 4% gain for the week. Crude prices rose to four-month highs as inventories for crude and gasoline fell by more than expected. Rising demand from U.S.-based refiners boosted gasoline prices this week.
Seeking Alpha · 3d ago
Total U.S. drilling rig count jumps, recouping last week's drop
Total active drilling rigs in the U.S. Rose by 7 to 629, recouping last week's drop. Drilling rigs targeting crude oil in the Permian Basin rose by 6 to 510. Rigs in the Eagle Ford added 2 to 52.
Seeking Alpha · 3d ago
Commodity Roundup: Silver set for third week of gains, gold below record high
Silver set for third week of gains, gold below record high. Spot silver hits highest since early December. Oil prices lower, but headed for weekly gains. Cocoa prices rise more than 1%, set for its best week in nearly a month. U.S. Consumer price index rises more than expected in February.
Seeking Alpha · 3d ago
Beyond The Magnificent Seven: Looking For Opportunities In Value Stocks
Seeking Alpha · 4d ago
Crude oil hits more than four-month high as IEA forecasts market deficit
Crude oil futures settle at four-month highs as IEA raises its forecast for oil demand growth this year. The International Energy Agency also forecasts a slight supply deficit through 2024. The IEA raised its 2024 demand growth estimate for crude oil by 110K bbl/day to 1.3M bbl.
Seeking Alpha · 4d ago
Commodity Roundup: Drone strikes on Russian refineries keep oil supported; gold down
Seeking Alpha · 4d ago
Oil prices jump as U.S. crude and gasoline stockpiles drop more than forecast
Oil prices jump as U.S. Crude and gasoline stockpiles drop more than forecast. Brent crude oil climbs to four-month highs after surprise draw in domestic crude stockpiles and larger than expected drop in gasoline inventories. Oil prices also supported after Ukraine drone attacks on multiple regions in Russia.
Seeking Alpha · 5d ago
Crude inventory decreased by 1.5M barrels for week ended March 8 - EIA
Crude inventory decreased by 1.5M barrels for week ended March 8 - EIA. Commercial crude stocks for the week ending March 8: 447M barrels. Gasoline inventory change: -5.7m barrels. EIA Weekly Petroleum Status Report released on March 8.
Seeking Alpha · 5d ago
2024 Outlook: A New 'Super Boom'? Or Chop And Churn?
Seeking Alpha · 5d ago
A Short-Term High In Oil Prices
Seeking Alpha · 5d ago
Commodity Roundup: Natgas futures down as EIA lowers price forecast for 2024; copper futures rise
U.S. Natural gas prices down as EIA lowers price forecast for 2024; copper futures rise. Oil prices rise on strong demand in the United States. Gold prices rise after snapping a nine-session long rally on Tuesday. EIA raised its 2024 outlook for growth in domestic oil production.
Seeking Alpha · 5d ago
U.S. EIA boosts 2024 domestic crude production growth forecast
U.S. EIA boosts 2024 domestic crude production growth forecast for 2024. The EIA also reports a greater than expected increase in U.s. Consumer prices in February. Crude oil prices close lower for the fourth straight day. The U.S.'s government reported a 0.4% increase in consumer price index for February, the largest since September.
Seeking Alpha · 6d ago
New Leaders Emerge As Market Dynamics Change
The Magnificent 7 leadership is changing. Apple and Tesla are beginning to falter, while the AI-related rally in Nvidia and Super Micro Computer continues to lead the overall stock market higher. The top 35% of stocks with the best stock rankings are beating the overall market by 5% to 1.
Seeking Alpha · 6d ago
Commodity Roundup: Cocoa futures extend rally on supply concerns; CPI print in focus
Commodity Roundup: Cocoa futures extend rally on supply concerns; U.S. CPI print in focus. Gold, iron ore prices lower ahead of China's inflation data. World's largest producer of cocoa, Ivory Coast, faces lower cocoa production in March. Iron ore prices fall to lowest in four months.
Seeking Alpha · 6d ago
U.S. December Oil Production Flat
Seeking Alpha · 03/11 23:30
U.S. produced more crude oil than any country ever in 2023, EIA says
U.S. Produced more crude oil than any country ever in 2023, EIA says. Russia and Saudi Arabia led global output for the sixth straight year. Crude oil prices ended little changed Monday. The oil market is juggling bullish and bearish factors. The U.s. Produced 12.9M bbl/day of crude oil last year, a new global record.
Seeking Alpha · 03/11 22:45
Weekly Report: what happened at DBO last week (0304-0308)?
Weekly Report · 03/11 10:53
Commodity Roundup: Gold firm after record run as markets brace for CPI print
Seeking Alpha · 03/11 10:09
Chevron faces credibility crisis as Exxon plays hardball for Hess' Guyana assets
Oil and gas stock sector ended the week down 1%. Exxon Mobil filed for arbitration to preserve rights to massive oil discovery offshore Guyana. Front-month crude prices fell 1.2% on Friday and 2.4% for the week. Chevron's $53B offer to buy Hess signaled the deal could be delayed.
Seeking Alpha · 03/09 01:00
U.S. drilling rigs drop after back-to-back weekly gains in Baker Hughes report
Energy U.S. Drilling rigs drop after back-to-back weekly gains in Baker Hughes report. Total active drilling rigs in the U. S. Fell by 7 to 622, the first decline in three weeks. Drilling rigs targeting crude oil in the u.s. Were down by 2 to 504.
Seeking Alpha · 03/08 19:05
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