Carrizo Oil & Gas Inc
Crude Oil Holds above $50 in the Early Hours on October 7
After breaking the resistance level of $50 and reaching multi-month high price levels on October 6, crude oil prices stayed above $50 early on October 7.
What Are Analyst Recommendations for Apache?
Wall Street analysts gave mixed recommendations after Apache’s quarterly results. Apache shares fell 5% on November 6, 2015, after the earnings release.
Which Energy Stocks Are Impacted More by Crude Oil?
On September 12, WTI crude oil (UWTI) (USO) (OIIL) (USL) (SCO) (DWTI) active contracts closed at $46.29 per barrel—0.9% above the previous closing price.
Crude Oil Inventories Rose despite Oil Demand from US Refineries
The rise in US crude oil production would have contributed to the rise in US crude oil inventories between October 28 and November 4, 2016.
Iran and Iraq’s Role in OPEC’s Meeting
The EIA estimates that Iran’s crude oil production was flat at 3.81 MMbpd in April 2017—compared to March 2017. Production rose 8.8% YoY.
Analyzing Crude Oil Rigs, Production, and Prices
The US crude oil rig count was 341 for the week ending July 1, 2016. That was 11 more than the previous week, according to data released by Baker Hughes.
Why Did Crude Oil Stabilize on November 14?
On November 14, the WTI (West Texas Intermediate) crude oil futures contract for December delivery closed the day at $43.32 per barrel—a fall of ~0.21%.
Why Did Crude Oil Continue to Trade Higher This Morning?
Crude oil continued to trade higher on Thursday morning due to support from the EIA’s inventory report released on Wednesday.
Crude Oil Is Weaker before the Oil Rig Count Data on October 28
At 6:55 AM EST on October 28, the WTI crude oil futures contract for December delivery was trading at $49.47 per barrel—a fall of ~0.48%.
Comparing Capex Growth for 4 US Upstream Companies
RSP Permian recorded 4.6% fiscal 3Q15 capital expenditure growth. It spent $403 million on capex in fiscal 3Q15 compared to $385 million in fiscal 3Q14.
Crude Oil Declined Sharply on June 10
Crude oil fell sharply on Friday, June 10, 2016, affected by weakness in the global markets and the strong dollar. At 12:27 PM EDT, WTI crude futures for July expiry were trading at $49.31 per barrel, a drop of ~2.5%.
What Analysts Are Saying Now about Southwestern Energy
As of May 2, 40 analysts have given recommendations on SWN, including five “strong buys,” five “buys,” 27 “holds,” two “sells,” and one “strong sell.”
Why Is Crude Oil Positive in the Early Hours on September 7?
At 6:00 AM EST on September 7, the West Texas Intermediate crude oil futures contract for October delivery was trading at $45.24 per barrel—a gain of ~0.94%.
Cushing Crude Oil Inventories: What Does the Future Hold?
Bloomberg surveys projected that Cushing crude oil inventories fell by 0.7 MMbbls (million barrels) for the week ending June 3—compared to the previous week.
Crude Oil Continues to Trade Higher This Morning
Crude oil continues to trade higher due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.
Oil Inventory Data: Possible Scenarios
According to the EIA’s report released on July 5, US crude oil inventories rose by ~1.2 MMbbls to ~417.9 MMbbls in the week ending June 29.
An Important Note to Investors in Oil-Weighted Stocks
On July 3, US crude oil August futures rose 0.3% and closed at $74.14 per barrel.
How Is Crude Oil Performing This Morning?
After testing the psychological resistance level of $50 on Thursday, May 26, 2016, crude oil is trading below the resistance level this morning.
Will Crude Oil Prices Test $60 per Barrel?
Brent crude oil prices could trade between $35 and $40 per barrel in 2016 due to a stronger dollar, oversupply, and near-record US crude oil inventories.
What Made Crude Oil Spike Higher on August 11?
At 1:05 PM EDT on Thursday, August 11, the WTI crude oil futures contract for September delivery was trading at $43.61 per barrel, a gain of ~4.5%.
Southwestern Energy Is Trading Below Wall Street’s Median Target
Currently, ~10.0% of Wall Street analysts rate Southwestern Energy (SWN) a “strong buy,” 10.0% rate it a “buy,” and 65.0% rate it a “hold.”
Are Oil-Weighted Stocks Outperforming Crude Oil?
Between June 5 and June 12, 2017, US crude oil active futures fell 2.8%. However, a basket of equally weighted oil stocks rose 1.0%.
Could Drop in Horizontal Rigs Indicate a Slowing US Shale Boom?
According to oil service company Baker Hughes (BHI), the horizontal rig count fell by seven in the week ended May 15, 2015, compared to the previous week’s count.
EIA Data Might Be Neutral for Oil Prices
On February 21, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.
Crude Oil Prices Fell below the 200-Day Moving Average
Crude oil prices were $50–$54 per barrel between December 2016 and early March 2017. Prices broke below $50 per barrel on March 9, 2017.
US Crude Oil Imports Impact Inventories
US crude oil imports fell by 745,000 bpd to 7,405,000 bpd from March 3–10, 2017. Imports fell 9.1% week-over-week and 3.7% year-over-year.
Which Oil-Weighted Stocks Could Outperform Oil’s Downturn?
On February 11, 2016, US crude oil touched a 12-year low. From February 11, 2016, to March 13, 2017, US crude oil active futures contracts rose 84.7%.
Why Did Crude Oil Fall More on September 13?
After starting the week on a positive note by gaining on September 12, crude oil lost its strength on September 13 amid bearish market outlook reports.
Could Bearish Drivers Halt US Crude Oil Price Recovery?
June WTI (West Texas Intermediate) crude oil (IXC) (IYE) (USO) futures contracts have risen ~5% from their five-month low as of May 15, 2017.
How the Crude Oil Market Could React to the Doha Oil Producers Meeting
A meeting of oil producers is scheduled in Doha, Qatar, for April 17. The meeting is meant to support crude prices and will focus on freezing production.
Where US Crude Oil Prices Could Close Next Week
On August 9, US crude oil’s implied volatility was 23.1%, which was ~1.3% below its 15-day average.
How’s Crude Oil Trading Early on September 15?
After falling for two consecutive trading days, crude oil eased and recovered moderately in the early hours on September 15.
Oil Fell: Which Oil-Weighted Stocks Are at Risk?
On August 28, 2017, US crude oil (USO) (DBO) October futures closed at $46.57 per barrel—below the past ten-day trading range of $47–$50 per barrel.
OPEC and the US Dollar Pressured Crude Oil Prices
The US Dollar Index fell 0.2% to 101.5 on November 25, 2016. However, it hit 102 on November 24, 2016—the highest level in nearly 14 years.
US Gasoline and Distillate Inventories Could Benefit Crude Prices
The API reported that US gasoline inventories fell by 1.9 MMbbls (million barrels) for the week ending March 25, 2016—compared to the previous week.
Analyzing the Open Interest in US Crude Oil Contracts
The open interest for WTI crude oil futures and options contracts rose for the fourth time in the last five weeks in the week ending November 15.
Are Oil-Weighted Stocks and US Crude Oil Deviating?
Between February 11, 2016, and April 4, 2018, US crude oil active futures rose 141.8% from their 12-year low.
What Are Analysts Saying about Energen after Its 1Q16 Earnings?
Currently, ~52% of Wall Street analysts rate Energen (EGN) as a “buy” and ~44% of analysts rate it as a “hold.” Around 4% rate the stock a “sell.”
Why Goldman Sachs Revised Its Crude Oil Price Forecast
Goldman Sachs (GS) forecast that Brent crude oil prices could test $50 per barrel in 2H16 due to recent supply outages.
US Crude Oil Inventory Report Might Disappoint Traders
An unexpected increase in US oil inventories pressured WTI oil (USO) (UCO) prices in post-settlement trade on November 28, 2017.
Analyzing Crude Oil Price Forecasts for 2Q17
A market survey of 31 banks shows that US WTI crude oil prices could average $54.5 per barrel in 2Q17. In 2Q17, prices could break the February 2017 high.
Are Oil-Weighted Stocks Outperforming Oil due to Tax Overhaul?
Between February 11, 2016, and December 20, 2017, US crude oil active futures saw a gain of 121.6%.
Crude Oil Prices Drop on Speculation of a US Shale Rebound
WTI crude oil futures for June delivery declined slightly by 0.24% and closed at $59.25 per barrel on May 11. The EIA released the monthly drilling report yesterday.
Which Oil-Weighted Stocks Should You Consider?
On February 6, 2017, WTI crude oil (USO) (OIIL) (USL) (SCO) March futures closed at $53.01 per barrel, which is ~1.5% lower than the previous closing price.
Will US Crude Oil Prices Outperform in 2H17?
WTI crude oil (BNO) (PXI) (UCO) (XOP) prices have fallen 18% year-to-date. They have fallen 7% in the past year due to bearish drivers.
OPEC’s Crude Oil Production: Key for Crude Oil Traders?
A Bloomberg survey estimates that OPEC’s crude oil production rose by 315,000 bpd to 32.21 MMbpd in May 2017—compared to the previous month.
What Analysts Are Saying about SM Energy after Its 1Q16 Earnings
Currently, ~33% of Wall Street analysts rate SM Energy (SM) as a “buy” and ~67% of analysts rate it as a “hold.” There is no “sell” recommendation on the stock.
What Are Wall Street Analysts Saying about Occidental Petroleum?
Currently, ~48% of Wall Street analysts rate Occidental Petroleum (OXY) as a “buy” and ~41% of analysts rate it as a “hold.”
The Big Push for Oil this Year
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. Let’s take a closer look.
This Wall Street Target Price Indicates Upside for Marathon Oil
Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy” and ~43% of analysts rate it as a “hold.”
What Made Crude Oil Spike on Wednesday?
Crude oil started Wednesday on a weaker note as the oil worker strike in Kuwait was called off. But later in the day, crude oil was supported by the better-than-expected US crude oil inventories report.
Can US Crude Oil’s Recovery Be Sustained?
On June 11, US crude oil July futures rose 0.5% and settled at $66.10 per barrel.
Crude Oil Fell Again: What about Oil-Weighted Stocks?
On July 11, 2016, US crude oil closed at $44.76 per barrel. That’s 1.4% below its previous closing price. That’s also 12.6% below its highest level for 2016.
Global Oil Supply after the US Exits the Iran Nuclear Deal
On May 10, the United States Oil ETF (USO) rose 0.3%. On May 3–10, US crude oil June futures rose 4.3%.
A Look at E&P Stocks’ Rating Updates Last Week
Carrizo Oil & Gas (CRZO) saw a target price cut by SunTrust Robinson Humphrey last week.
Why Morgan Stanley Expects Crude Oil Prices to Trend even Lower
As of the end of April, crude oil prices had rallied by almost 70% since the lows of February 2016. But prices were still ~60% lower than in June 2014.
Why Oil Outdid Oil-Weighted Stocks in the Trailing Week
Between July 17 and 24, 2017, our list of oil-weighted stocks on average dipped 2.4% compared to a 0.2% rise in US crude oil (USO)(DBO) September futures.
Which Oil-Weighted Stocks Might Be Most Affected by OPEC Meeting?
On December 5, US crude oil January futures fell 0.7% and closed at $52.89 per barrel.
Crude Oil Prices Follow a Long-Term Trend, Could Hit $25 per Barrel
Crude oil prices have fallen almost 29% in 2016. Prices have fallen to 12-year lows. They’re following a long-term bearish trend.
Crude Oil Up on September 21 Due to Drop in Inventory Levels
After posting moderate gains on Tuesday, September 20, crude oil prices inched higher on Wednesday, September 21, amid a drop in inventory levels. Crude oil prices also took support from the oil service workers’ strike in Norway.
Oil Might Feel Pressure from US-China Trade Talks on January 28
Between January 18 and January 25, US crude oil March futures fell 0.6% and closed at $53.69 despite a fall in the US dollar.
Crude Oil Is Weaker Early on November 11 amid Supply Concerns
At 5:10 AM EST on November 11, the WTI crude oil futures contract for December delivery was trading at $44.28 per barrel—a fall of ~0.85%.
Futures Spread: Oil Bulls Are Back
On April 22, the US crude oil June 2019 futures closed ~$3.9 above the June 2020 futures.
How OPEC and Non-OPEC Producers Affect Crude Oil Prices
Crude oil (BNO) (PXI) (USL) (USO) (UCO) prices were up ~4% between December 7, 2016, and December 19, 2016.
Why Did Brent and WTI Crude Oil Prices Hit Monthly Lows?
US benchmark WTI (West Texas Intermediate) crude oil futures contracts for May delivery fell by 3% and closed at $35.7 per barrel on April 4, 2016.
Crude Oil Inched Higher ahead of the Brexit Vote
After showing weakness on June 22 due to the disappointing inventory report, crude oil started Thursday on a positive note.
Crude Oil Prices Were Weaker amid Mixed Sentiments
Crude oil prices were weaker in the early morning trading hours of July 19 amid mixed sentiments.
Crude Oil Remained Stable in the Early Morning on August 12
After gaining more than 4% on August 11, crude oil prices remained stable at three-week high levels in the early morning hours on August 12.
Federal Reserve and OPEC Pressure Crude Oil Prices
On December 14, the Federal Reserve reported that it would raise the interest rate by 25 basis points. As a result, the US Dollar Index appreciated by 0.7%.
How Will EIA Data Impact Oil This Week?
On May 8, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.
Near-Record US Crude Oil Inventory: Will Oil Blood Bath Continue?
June WTI crude oil futures contracts fell 0.40% and were trading at $48.68 per barrel in electronic trade at 2:35 AM EST on May 2, 2017.
Oil Prices Passed $50—a Key Psychological Number
US crude oil prices briefly breached the psychologically significant mark of $50 per barrel.
EIA Inventory Data: Impact on Oil
On April 24, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.
Crude Oil Pared Losses amid Output Freeze Speculations
At 1:00 PM EST on September 20, the WTI crude oil futures contract for November delivery was trading at $43.8 per barrel—a fall of ~0.21%.
Oil-Weighted Stocks at Maximum Risk, Oil Declines
On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18.
Crude Oil Falling to $30? Which Oil-Weighted Stocks to Avoid
On March 27, 2017, WTI (West Texas Intermediate) crude oil May futures closed at $47.73 per barrel, ~0.5% lower than their previous closing price.
Will the US Dollar and Inventories Impact Crude Oil Futures?
March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.
Futures Spread: OPEC’s Deal Might Not Impact Oil
On December 10, the futures spread was at a discount of ~$1.4. On December 10–17, US crude oil February futures fell 2%.
Oil Wasn’t the Only Catalyst for Oil-Weighted Stocks
The high correlation indicates a stronger positive relationship between oil-weighted stocks and US crude oil prices.
Will Oil Extend Its Gains following China’s Latest Data Release?
Today at around 10:56 AM EDT, US crude oil May futures were $0.16 higher than their last closing price.
Weakest Upstream Stocks in the Week Ending September 28
Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.
Upstream and Oilfield Services Stock Fell Last Week
On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on our list of energy stocks.
Understanding the Pre-Earnings Recommendations for Occidental Petroleum
OXY’s recommendations include three “strong buys,” four “buys,” 16 “holds,” and two “sells.” There is currently no “strong sell” recommendation on the stock.
Oil’s Flip-Flop: Which Oil-Weighted Stocks to Track?
Oil prices fell because of growing concerns about rising US crude oil production. The US oil rig count rose by 15 to 566 for the week ending on January 27.
Libya’s Crude Oil Production Could Rise in June
Reuters surveys estimate that Libya’s crude oil production rose by 180,000 bpd (barrels per day) to 730,000 bpd in May 2017—a three-year high.
OPEC versus US Crude Oil Production: Impact on Oil Prices
March WTI (West Texas Intermediate) crude oil (XLE) (USL) (UCO) futures contracts fell 1.7% and closed at $52.93 per barrel on February 13, 2017.
Weakest Upstream Stocks in the Week Ending October 5
Ring Energy (REI) was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week.
US Crude Oil Inventory Hit the Highest Level Ever: What’s Next?
On April 13, the EIA released its weekly crude oil inventory report. The US crude oil inventory rose by 6.6 MMbbls to 536.5 MMbbls between April 1 and April 8.
US Gasoline Demand: Bullish or Bearish for Oil Prices?
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand rose by 6,000 bpd to 9,317,000 bpd on April 7–14.
Will Russia’s Crude Oil Production Impact Crude Oil Prices?
Russia is the largest crude oil producer in the world. Its crude oil production was flat at 11.1 MMbpd in February 2017—compared to the previous month.
What are Wall Street Analysts’ Ratings for Murphy Oil?
Currently, ~79% of Wall Street analysts rate Murphy Oil (MUR) as a “hold” and ~21% of analysts rate it as a “sell.” There is no “buy” rating on the stock.
EIA’s Crude Oil Inventories Could Surprise Oil Traders
On February 22, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.88 MMbbls from February 10–17.
Will the EIA’s Crude Oil Inventories Support Crude Oil Bulls?
On April 18, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.84 MMbbls from April 7–14.
What to Expect from the Oil Producer Meeting in Doha
Qatar has invited all the OPEC members and other major producers to a meeting on April 17, 2016.
Crude Oil’s Comeback: Analyzing Oil-Weighted Stocks
On August 15, 2016, US crude oil (USO) (OIIL) (USL) (SCO) contracts for September delivery closed at $45.74 per barrel—2.8% above its previous closing price.
EOG Resources’ Stock Price Reached This Target in 2Q16
As of August 5, ~49% of Wall Street analysts rate EOG Resources as a “buy,” and ~49% of analysts rate it as a “hold.” About 2% rate the stock as a “sell.”
Why Did Crude Oil Spike on Monday, October 10?
After gaining for three straight trading weeks, crude oil prices spiked on Monday, October 10, following comments made by Russia’s president, Vladimir Putin. At the World Energy Congress in Istanbul, Putin stated that Russia is ready to join the oil output cut deal.
Major Banks Expect Crude Oil Prices to Trend Lower in 3Q16
Barclays estimates that Brent crude oil prices will decline further in 3Q16 due to lower refinery margins and seasonal demand weakness.
Why Laredo Petroleum Is Surging Today
Laredo Petroleum (LPI) stock is up more than 9% on strong volumes. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.
US Dollar Hits Lowest in 8 Months and Supports Crude Oil Prices
Crude oil prices have been on a roller coaster ride. WTI oil prices have rallied 52% since their lows from February 2016.