Sector: Energy & Utilities

Since April 1, the beginning of the current quarter, Phillips 66 (PSX) stock has fallen 10.9%.

In the week ending May 10, US crude oil inventories were 2% above their five-year average.

The widening gap between Brent and WTI crude oil prices could benefit US crude oil exporters.

Total (TOT) has received the highest percentage of “buy” ratings among peers.

Trade war issues continued to weigh on broader markets last week. The S&P 500 fell 0.8%, while the utility sector rose 1.4%.

Together, the top ten institutional investors in Schlumberger (SLB) added 20.7 million Schlumberger shares to their positions in the first quarter.

20 May

Will Oil Continue to Rise This Week?

BY Robert Scott

Last week, US crude oil June futures rose 1.8% and closed at $62.76 per barrel on May 17—the first weekly gain since April 19.

So far in the second quarter, Valero Energy stock has risen 0.8%. Marathon Petroleum, Phillips 66, and HollyFrontier have fallen.

At 7:15 AM EST on May 20, the natural gas active futures have risen more than 2%. US crude oil is trading 0.4% higher than the closing level last week.

At 5:56 AM EST on May 17, US crude oil active futures were at $63.32, which is ~2.7% above the closing level the previous week.

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