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Market Braced For Earnings From Disney Tomorrow, A Key Reopening Barometer
Wednesday, May 12, 2021 - 10:17am | 2647A sharp rise in April consumer prices put stocks under more pressure early Wednesday, but the data really shouldn’t come as much of a surprise. We’re having an initial reaction now where everything sells off and rates are pushing higher, but we’ve already seen hints of this...
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How Much Of A Spending Boost Are Cheap Gas Prices?
Friday, June 30, 2017 - 3:23pm | 764Gas prices, despite the historical norm of rising amid the summer driving season, is trending lower. From a consumer perspective, it is definitely good news, as it would pinch their pocket less and in turn leave them with additional disposable income. The promise it holds for consumer spending...
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OPEC's Biggest Threat: American Drivers?
Friday, March 17, 2017 - 8:53am | 387OPEC, the multi-nation group of some of the world's largest and most powerful oil countries, should be worried that President Trump's America-first and energy friendly policies will prove to be a formidable competitor in the global oil market. But there's another threat to OPEC's...
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As New Jersey Increases Its Gas Tax, Find Out How Your State Ranks
Monday, October 31, 2016 - 2:31pm | 282On Tuesday, New Jersey drivers will begin paying an extra 23 cents in taxes for every gallon of gas they buy. New Jersey Gov. Chris Christie recently signed into law a bill that will raise the state’s gas taxes for the first time in 30 years. Prior to the hike, New Jersey’s state...
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Royal Dutch Shell Could Be A Play For Investors Expecting A Recovery In Oil Prices
Tuesday, August 23, 2016 - 1:49pm | 346Royal Dutch Shell plc (ADR) (NYSE: RDS-A) (NYSE: RDS-B) could be one of the best long-term energy value plays. According to a new note by Argus analyst Bill Selesky, the firm maintains its Buy rating and sees 13 percent upside for the high-yielding stock. “We expect Shell’s...
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Valero Energy Investment Thesis On Track, Says Credit Suisse
Tuesday, August 23, 2016 - 11:30am | 368After Monday's market close, Valero Energy Partners LP (NYSE: VLP) announced that it had acquired Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation (NYSE: VLO) for $325 million. Credit Suisse’s Bhavesh Lodaya maintains an Outperform rating on Valero Energy...
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Oil Stages Mid-Day Selloff; Quickly Rebounds Following Large Build In Crude Oil Inventories
Wednesday, August 3, 2016 - 12:01pm | 449Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...
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How Affordable Is U.S. Gasoline Compared To The Rest Of The World?
Monday, July 18, 2016 - 2:28pm | 370According to GasBuddy, the average price for a gallon of gas in the United States is currently about $2.20/gallon. However, Americans who have taken summer vacations know that prices can vary significantly depending on location. For example, the average gas price in South Carolina is only $1.87/gal...
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Marathon Oil Upgraded At Morgan Stanley To Overweight Amid 'Fastest Improving Unconventional Plays In The US'
Tuesday, June 21, 2016 - 9:12am | 219Marathon Oil Corporation (NYSE: MRO)'s recent STACK acquisitions add meaningful leverage to the “the fastest improving unconventional plays in the US, allowing for capital efficient growth into the next up-cycle,” according to Morgan Stanley’s Evan Calio. Calio upgraded the rating...
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New ETF Takes Both Sides Of The Commodities Trade
Friday, May 20, 2016 - 2:17pm | 290Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...
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Sunoco: A Top Defensive Pick for Low Gasoline Prices?
Friday, April 15, 2016 - 8:21am | 264Sunoco LP (NYSE: SUN) is now poised to benefit from the investments of more than $6 billion that it has made over the last 18 months. JPMorgan’s Andrew R. Burd maintained an Overweight rating for the company, while reducing the price target from $51 to $48. The analyst identified the company...
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American Petroleum Institute Urges Candidates To Outline Their Oil And Energy Visions
Sunday, November 1, 2015 - 8:39pm | 748America Petroleum Institute wants candidates to outline their pro-energy vision for America. API says it’s about the economy and jobs and candidate positions matter Key statistics indicate a one-cent drop in the price of gas saves Americans a billion dollars. With nearly everyone –...
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Crude Oil At 6-Year Lows, Oppenheimer Analyst Feels Circulated Reasons Are 'Exaggeration'
Tuesday, March 17, 2015 - 1:33pm | 328After having a decent run in the last few weeks, oil is slumping heavily again. Breaking the $44 a barrel (bbl) mark Monday, WTI Crude now trades at its six-year low. Fadel Gheit, senior energy analyst at Oppenheimer, was on CNBC Monday to share his outlook on oil and to discuss what would likely...
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Best And Worst ETFs Of The Week Amid The Hunt For NASDAQ 5,000
Saturday, February 28, 2015 - 2:07pm | 427The stock market finished virtually unchanged since last Friday, as the tug of war between bulls and bears led to a period of consolidation. On the bright side, the SPDR S&P 500 ETF Trust (NYSE: SPY) finished out the month of February with a gain of 6 percent. This included a new all-time,...
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Morgan Stanley: Any Oil Relief Will Be 'Short Lived,' Gas Still Challenged
Monday, December 22, 2014 - 11:54am | 251Adam Longson of Morgan Stanley commented in a note on Monday that gas headwinds will persist through the year-end, creating an uptick in the risk-reward profile in 2015. According to Longson, January 15 Henry Hub has fallen approximately 23 percent from late November highs as supply growth and a...