June 2018 – Page 40

MARKETS: OPEC reaches a deal as Russia set to formalize new OPEC+ cartel

June 22, 2018 admin Comments Off

Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after OPEC reached an agreement to increase oil production by one million barrels per day on a nominal basis. On a net basis, various figures around 600,000 to 800,000 are being touted.

Here’s the performance of select energy stocks as of 10:30 am ET:

MRO Marathon Oil Corp 8.76%
APC Anadarko Petro 6.68%
PE Parsley Energy Inc 6.44%
FTI(HB) TechnipFMC plc 5.95%
DVN Devon Energy 5.95%
NFX Newfield Exploration 5.95%
CLR Continental Resources Inc 5.84%
CVE(HB) Cenovus Energy Inc 5.49%
NBL Noble Energy 5.06%
COP ConocoPhillips 4.70%
HES Hess Corporation 4.51%
CNQ Canadian Natural Resources 4.47%
TRGP Targa Resources Corp 4.44%
EGN Energen Corp 4.39%
ECA EnCana Corporation 4.31%
HAL Halliburton Co 4.23%
BP BP P.L.C. ADS 4.14%
PXD Pioneer Natural Resources 4.13%
CQH(HB) Cheniere Energy Partners LP 4.12%
LNG Cheniere Energy 4.11%
SLB Schlumberger Ltd 4.04%
TOT Total ‘B’ ADS 3.96%
NOV National Oilwell Varco Inc 3.57%
HP Helmerich & Payne 3.56%
CXO Concho Resources Inc 3.47%
E(HB) Eni S.P.A. ADS 3.53%
RSPP RSP Permian Inc 3.42%
ETP(HB) Energy Transfer …read more […]

Energy, financials push Wall St higher; tech weighs

June 22, 2018 admin Comments Off

The benchmark Brent crude jumped 1.9 percent to $74.48 a barrel, following three days of declines, after OPEC agreed on Friday to raise production by around 1 million barrels per day from July for the group and its allies, according to a source. Exxon Mobil rose 2.1 percent and Chevron gained 3 percent providing the biggest boost to the S&P 500 and the Dow. A recent rally in oil prices due to an OPEC decision to restrict supply in an effort to drain global inventories, has helped S&P energy be the best performing S&P sector in the last …read more […]

Energy, financials push Wall Street higher; tech weighs

June 22, 2018 admin Comments Off

(Reuters) – Energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower.

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U.S. Supreme Court backs Schlumberger on overseas patent damages

June 22, 2018 admin Comments Off

WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider.

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Southwest Bumps Into New Trouble Due to Flight 1380 Incident

June 22, 2018 admin Comments Off

Southwest (LUV) runs into yet another difficulty amid passengers’ doubting its safety measures and suing the carrier on the same. …read more […]

Wall Street opens higher as financials lead

June 22, 2018 admin Comments Off

(Reuters) – U.S. stocks opened higher on Friday with the Dow ending its 8-day losing streak as bank stocks gained after passing the Federal Reserve’s annual regulatory stress test.

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What Does Baidu Inc’s (NASDAQ:BIDU) Share Price Indicate?

June 22, 2018 admin Comments Off

Let’s talk about the popular Baidu Inc (NASDAQ:BIDU). The company’s shares saw a decent share price growth in the teens level on the NasdaqGS over the last few months. WithRead More… …read more […]

‘Zero’ chance of Renault taking over Nissan, Mitsubishi: Ghosn

June 22, 2018 admin Comments Off

TOKYO (Reuters) – Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday.

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OPEC agrees modest hike in oil supply after Iran softens stance

June 22, 2018 admin Comments Off

VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage.

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Former WPP boss Sorrell denies prostitute allegation

June 22, 2018 admin Comments Off

CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in front of hundreds of people about why he had left the advertising giant he founded.

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Lufthansa’s Eurowings says Air Berlin plane transfer almost done

June 22, 2018 admin Comments Off

BERLIN (Reuters) – Lufthansa’s budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin planes into its fleet to be completed by the end of July, it said on Friday.

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Trade tremors set stocks up for worst week in three months

June 22, 2018 admin Comments Off

LONDON (Reuters) – World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices rose with an OPEC meeting underway.

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Former WPP boss Sorrell denies visiting a prostitute

June 22, 2018 admin Comments Off

CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when asked on a stage in front of hundreds of people about why he had left the ad giant.

…read more […]

Caterpillar Enters Oversold Territory

June 22, 2018 admin Comments Off

Caterpillar Enters Oversold Territory …read more […]

Satellite operator Echostar builds stake in bid target Inmarsat

June 22, 2018 admin Comments Off

LONDON (Reuters) – U.S. satellite operator Echostar has built a near 3 percent stake in Inmarsat , the British company that it is seeking to buy, stock exchange filings showed on Friday.

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