Blue Chip Stock Earnings : BP plc & Pfizer Inc (NYSE:BP, PFE) BP plc (ADR) (NYSE:BP) shares fell 1.84% to $42.61 in the morning hour after the company’s profit fell more than expected owing to a fall in production from the US oil spill, thereby preventing the company from cashing itself on the bumper...
Crude Off Session Low On Iran Tensions (USO, UNG, BP, SCEI, XCO, CLNE, FSYS, WPRT) Crude Oil futures was trading slightly higher on Monday on lingering supplies concerns due to ongoing tensions over Iran’s nuclear program, overshadowing a lowering of China’s economic growth target and weak U.S. factory orders. Light sweet crude oil for...
Stocks To Open Lower On China Growth Forecast (AMD, BP, AIG, C, P, NRF, CS) U.S. stocks set to open lower on Monday as bad news coming from China, which unexpectedly trimmed its economic growth forecast. China now revised its growth forecast at 7.5%, down from the largely symbolic 8% rate it has used...
Crude Slumped Over 2% (AONE, BIOF, DPM, GRH, BP) Crude Oil fell Friday, erasing most of its gains from the previous trading session as the news of a pipeline explosion in Saudi Arabia is untrue. Fears of potential supply disruptions have dominated the market, and the report, however lacking in details and...
Crude Pulls Back From 9-Month High (USO, UNG, ATPG, BP, ACI, DRQ, UNS) Crude-oil futures pulled back from 9-month highs on Monday following concerns raised by G-20 countries, which are unlikely to help out the European countries unless they provide sufficient budget cuts. Crude-oil futures for April slid $1.08, or 1%, to $108.65 in...
Crude Oil Jumps On Inventory report (USO, UNG, BP, EGY, XEC, DVN, WFR) Crude oil continued to surge Wednesday after the Energy Information Administration reported an unexpected decline crude supplies and ongoing tensions in Iran have been pushing the oil above $100 a barrel. Crude for March delivery surged $1.08, or 1.07%, to $101.87...
Crude Oil Turns Lower With Equities (USO, UNG, XOM, BP, CVX, BHP, STO) Crude oil futures turns lower after posting strong gains earlier in the session as equities sold off, over shadowing a better than estimated inventory report by The Energy Information Administration the week ended Feb. 3. The EIA said that crude inventories...
Crude Oil pare Losses On Dollar Weakness (USO, UHN, UNG, FSLR, IOC, MMP, APC, BP) Crude oil paired all its early losses and moved up sharply on Tuesday on reports that Greece is on the verge of finalizing a final agreement for a second rescue package, which has pushed the euro higher against the...
