Carrizo Oil & Gas Inc

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.

Wall Street analysts gave mixed recommendations after Apache’s quarterly results. Apache shares fell 5% on November 6, 2015, after the earnings release.

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.

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.

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.

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.

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%.

Crude oil continued to trade higher on Thursday morning due to support from the EIA’s inventory report released on Wednesday.

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%.

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 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%.

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.”

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%.

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 due to positive sentiment surrounding the crude oil market. At 7:38 AM EST, WTI crude was trading at $44.88 per barrel.

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.

On July 3, US crude oil August futures rose 0.3% and closed at $74.14 per barrel.

After testing the psychological resistance level of $50 on Thursday, May 26, 2016, crude oil is trading below the resistance level this morning.

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.

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%.

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.”

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%.

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.

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 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 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.

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%.

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.

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.

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.

On August 9, US crude oil’s implied volatility was 23.1%, which was ~1.3% below its 15-day average.

After falling for two consecutive trading days, crude oil eased and recovered moderately in the early hours on September 15.

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.

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.

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.

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.

Between February 11, 2016, and April 4, 2018, US crude oil active futures rose 141.8% from their 12-year low.

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.”

Goldman Sachs (GS) forecast that Brent crude oil prices could test $50 per barrel in 2H16 due to recent supply outages.

An unexpected increase in US oil inventories pressured WTI oil (USO) (UCO) prices in post-settlement trade on November 28, 2017.

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.

Between February 11, 2016, and December 20, 2017, US crude oil active futures saw a gain of 121.6%.

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.

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.

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.

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.

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.

Currently, ~48% of Wall Street analysts rate Occidental Petroleum (OXY) as a “buy” and ~41% of analysts rate it as a “hold.”

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.

Currently, ~54% of Wall Street analysts rate Marathon Oil (MRO) as a “buy” and ~43% of analysts rate it as a “hold.”

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.

On June 11, US crude oil July futures rose 0.5% and settled at $66.10 per barrel.

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.

On May 10, the United States Oil ETF (USO) rose 0.3%. On May 3–10, US crude oil June futures rose 4.3%.

Carrizo Oil & Gas (CRZO) saw a target price cut by SunTrust Robinson Humphrey last week.

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.

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.

On December 5, US crude oil January futures fell 0.7% and closed at $52.89 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.

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.

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.

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%.

On April 22, the US crude oil June 2019 futures closed ~$3.9 above the June 2020 futures.

Crude oil (BNO) (PXI) (USL) (USO) (UCO) prices were up ~4% between December 7, 2016, and December 19, 2016.

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.

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 in the early morning trading hours of July 19 amid mixed sentiments.

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.

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%.

On May 8, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.

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.

US crude oil prices briefly breached the psychologically significant mark of $50 per barrel.

On April 24, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data.

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%.

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.

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.

March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.

On December 10, the futures spread was at a discount of ~$1.4. On December 10–17, US crude oil February futures fell 2%.

The high correlation indicates a stronger positive relationship between oil-weighted stocks and US crude oil prices.

Today at around 10:56 AM EDT, US crude oil May futures were $0.16 higher than their last closing price.

Southwestern Energy (SWN) was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week.

On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on our list of energy stocks.

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 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.

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.

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.

Ring Energy (REI) was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week.

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.

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.

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.

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.

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.

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.

Qatar has invited all the OPEC members and other major producers to a meeting on April 17, 2016.

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.

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.”

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.

Barclays estimates that Brent crude oil prices will decline further in 3Q16 due to lower refinery margins and seasonal demand weakness.

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%.

Crude oil prices have been on a roller coaster ride. WTI oil prices have rallied 52% since their lows from February 2016.