PowerShares Dynamic Engy Explr&Prdtn ETF
Crude Oil Rose, Copper and Gold Were Weaker in the Early Hours
At 5:35 AM EST, the West Texas Intermediate crude oil futures contract for January 2017 delivery was trading at $47.91 per barrel—a rise of ~5.9%.
Why Did Crude Oil Prices Hit a 16-Month High?
At 5:45 AM EST on December 5, the WTI crude oil futures contract for January 2017 delivery was trading at $52.18 per barrel—a rise of ~0.97%.
Crude Oil Continued to Rise, OPEC Agreed to the Supply Cut
At 5:45 AM EST, the WTI crude oil futures contract for January 2017 delivery was trading at $49.88 per barrel—a rise of ~0.89%.
Refining and Marketing Losses this Week: CVRR, ANDV, MPC, VLO, HFC
Next in our series of the biggest movers in the energy sector, we’ll now look at the highest-losing stocks this week from the US refining and marketing sector.
Valero Energy Is the Only Refining and Marketing Loser
Valero Energy (VLO) stock is the only stock from the refining and marketing sector to see losses this week.
How Has SWN Performed?
Southwestern Energy Company’s (SWN) operating revenue fell 22% in 2016 before gaining 37% in the first nine months of 2017 (or 9M17).
Crude Oil and Copper Are Stable, Gold Is Weaker on December 9
At 5:00 AM EST on December 9, the WTI crude oil futures contract for January 2017 delivery was trading at $51.21 per barrel—a rise of ~0.71%.
China’s Trade Data and the Weaker Dollar Support Commodities
Copper prices are stable in the early hours on December 8. China’s upbeat trade balance data are supporting the sentiment in the copper market.
Early Morning Update: Crude Oil Fell, Metals Were Mixed
Crude oil prices are weaker early on November 29 amid speculations about the supply cuts. Russia confirmed that it wouldn’t attend OPEC’s meeting.
Early Morning Update: Energy, Metals, and Mining Sector
The market is also waiting for the weekly crude oil inventory reports from the U.S. Energy Information Administration and the American Petroleum Institute.