31 Jul

Events that Could Impact Oil Prices This Week

WRITTEN BY Rabindra Samanta

Key energy events

Between July 30 and August 3, the events listed in the chart below could impact oil and natural gas prices. The EIA’s (U.S. Energy Information Administration) Monthly Crude Oil and Natural Gas Production data scheduled to be released early in this week is expected to be an important driver for oil and natural gas prices.

Events that Could Impact Oil Prices This Week

The FOMC’s meeting outcome on August 1 is expected to be important for the US dollar. Last week, the rise in the US dollar might have impacted oil prices.

Energy stocks and ETFs

Energy stocks respond to long-term changes in oil and natural gas prices. However, energy stocks are also impacted by moves in energy prices in the short term.

Between July 20 and July 27, Murphy Oil (MUR), EQT (EQT), and Apache (APA) returned 2.0%, -10.5%, and 1.4%, respectively. During the same period, US crude oil September futures rose 0.6%, and natural gas September futures rose 2.0%.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the Energy Select Sector SPDR ETF (XLE) invest in energy stocks. Any changes in oil and natural gas prices are expected to influence XOP and XLE. XOP and XLE returned -0.6% and 2.3%, respectively, in the week ended July 27.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings

WRITTEN BY Adam Jones

On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.