Marathon Petroleum (NYSE: MPC), North American Energy Partners (NYSE: NOA), Mid-Con Energy Partners (NASDAQ: MCEP), Royal Dutch Shell (NASDAQ: RDS-A), Spectra Energy Partners, LP (NYSE: SEP) and Alliant Energy (NYSE: LNT) had ratings and price targets on them adjusted by analysts.
Marathon Petroleum (MPC) had its price target raised by Oppenheimer (NYSE:OPY) from $42.00 to $55.00. They have an “Outperform” rating on the company.
North American Energy Partners (NOA) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Mid-Con Energy Partners (MCEP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $23.00 on the company.
Royal Dutch Shell (RDS-A) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Alliant Energy (LNT) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Showing posts with label Royal Dutch Shell. Show all posts
Showing posts with label Royal Dutch Shell. Show all posts
Monday, February 6, 2012
Monday, January 23, 2012
Lear (LEA) (HRS) (CNQR) (RDS-A) (JIVE) (RIMM) Ratings, Price Targets
Lear (NYSE:LEA), Harris (NYSE:HRS), Concur Technologies (NASDAQ:CNQR), Royal Dutch Shell (NYSE:RDS-A), Jive Software (NASDAQ:JIVE) and Research In Motion (NASDAQ:RIMM) Ratings, Price Targets
Barclays (NYSE:BCS) downgraded Lear (LEA) from an "Overweight" rating to an "Equal Weight" rating.
Barclays (NYSE:BCS) downgraded Harris (HRS) from an "Overweight" rating to an "Equal Weight" rating.
FBR Capital downgraded Concur Technologies (CNQR) from an "Outperform" rating to a "Market Perform" rating.
ING Group initiated coverage on Royal Dutch Shell (RDS-A). They have a "Buy" rating on the company.
Citigroup (NYSE:C) initiated coverage on Jive Software (JIVE). They have a "Buy" rating on the company.
Deutsche Bank (NYSE:DB) upgraded Research In Motion (RIMM) from a "Sell" rating to a "Hold" rating.
Barclays (NYSE:BCS) downgraded Lear (LEA) from an "Overweight" rating to an "Equal Weight" rating.
Barclays (NYSE:BCS) downgraded Harris (HRS) from an "Overweight" rating to an "Equal Weight" rating.
FBR Capital downgraded Concur Technologies (CNQR) from an "Outperform" rating to a "Market Perform" rating.
ING Group initiated coverage on Royal Dutch Shell (RDS-A). They have a "Buy" rating on the company.
Citigroup (NYSE:C) initiated coverage on Jive Software (JIVE). They have a "Buy" rating on the company.
Deutsche Bank (NYSE:DB) upgraded Research In Motion (RIMM) from a "Sell" rating to a "Hold" rating.
Tuesday, August 30, 2011
BP (BP) (APC) (COP) (XOM) (RDS-A) (HAL) (CVX) (MRO) Jumped Monday
BP (NYSE:BP), Anadarko (NYSE:APC), Conoco (NYSE:COP), Exxon Mobil (NYSE:XOM), Shell (NYSE:RDS-A), Halliburton (NYSE:HAL), Chevron (NYSE:CVX) and Marathon Oil (NYSE:MRO) all closed up Monday on news consumer spending was slightly up.
Crude for October delivery climbed $1.90 to $87.27 a barrel on the New York Mercantile Exchange, the highest settlement since Aug. 17. Prices have dropped 4.5 percent this year.
Brent oil for October settlement jumped 52 cents, or 0.5 percent, to $111.88 a barrel on the London-based ICE Futures Europe exchange. The European benchmark traded at a premium of $24.61 to U.S. West Texas Intermediate futures, compared with a record $26.21 on Aug. 19.
Marathon closed at $26.41, gaining $0.52. or 2.01 percent. Chevron closed at $98.74, jumping $1.89, or 1.95 percent. Halliburton ended the session at $42.81, climbing $1.35, or 3.26 percent. Royal Dutch Shell closed at $65.33, rising $1.11, or 1.73 percent. Exxon closed at $74.12, increasing $1.48, or 2.04 percent. Conoco closed the day at $67.78, up $2.27, or 3.47 percent. Anadarko closed at $71.75, gaining $2.48, or 3.58 percent. BP closed at $39.25, rising $1.06, or 2.78 percent.
Crude for October delivery climbed $1.90 to $87.27 a barrel on the New York Mercantile Exchange, the highest settlement since Aug. 17. Prices have dropped 4.5 percent this year.
Brent oil for October settlement jumped 52 cents, or 0.5 percent, to $111.88 a barrel on the London-based ICE Futures Europe exchange. The European benchmark traded at a premium of $24.61 to U.S. West Texas Intermediate futures, compared with a record $26.21 on Aug. 19.
Marathon closed at $26.41, gaining $0.52. or 2.01 percent. Chevron closed at $98.74, jumping $1.89, or 1.95 percent. Halliburton ended the session at $42.81, climbing $1.35, or 3.26 percent. Royal Dutch Shell closed at $65.33, rising $1.11, or 1.73 percent. Exxon closed at $74.12, increasing $1.48, or 2.04 percent. Conoco closed the day at $67.78, up $2.27, or 3.47 percent. Anadarko closed at $71.75, gaining $2.48, or 3.58 percent. BP closed at $39.25, rising $1.06, or 2.78 percent.
Wednesday, June 1, 2011
BP (BP) (RDS-A) (JKS) (LDK) (LECO) Get Ratings, Price Target Changes
Ratings and/or price targets on shares of BP (NYSE:BP), Royal Dutch Shell (NYSE:RDS.A), JinkoSolar Holding Co., Ltd. (NYSE: JKS), LDK Solar (NYSE: LDK) and Lincoln Electric Holdings Inc (NASDAQ: LECO) were initiated or changed by analysts.
RBC Capital initiated coverage on BP (BP), starting them off with an "Outperform" rating.
Royal Dutch Shell (RDS.A) was initiated with a "Top Pick" rating at RBC Capital Markets.
Collins Stewart cut their price target on JinkoSolar Holding Co., Ltd. (JKS) from $38.00 to $34.50. They have a “buy” rating on the company.
Kaufman Brothers downgraded LDK Solar (LDK) from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $24.00.
Longbow Research upgraded Lincoln Electric Holdings Inc (LECO) from a “neutral” rating to a “buy” rating. They have a price target of $92.00 on the company.
RBC Capital initiated coverage on BP (BP), starting them off with an "Outperform" rating.
Royal Dutch Shell (RDS.A) was initiated with a "Top Pick" rating at RBC Capital Markets.
Collins Stewart cut their price target on JinkoSolar Holding Co., Ltd. (JKS) from $38.00 to $34.50. They have a “buy” rating on the company.
Kaufman Brothers downgraded LDK Solar (LDK) from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $24.00.
Longbow Research upgraded Lincoln Electric Holdings Inc (LECO) from a “neutral” rating to a “buy” rating. They have a price target of $92.00 on the company.
Friday, May 27, 2011
Petrobras (PBR) (APC) (RIG) (RDS-A) (CAM) Jump While Oil Futures Pull Back
Petrobras (NYSE:PBR), Anadarko (NYSE:APC), Transocean (NYSE:RIG), Royal Dutch Shell (NYSE:RDS-A) and Cameron International (NYSE:CAM) all closed up Thursday, bucking the trend of oil futures pulling back after climbing over $101 a barrel on Wednesday.
Obama's economy continues to crumble as first-time unemployment claims surged by close to 10,000, exploding past the anticipated decline of 4,000 economists had been expecting. That is a seasonally adjusted 424,000 for the week ended May 21.
The U.S. economy growth rate was also worst than expected, growing at a very weak 1.8 percent rate in the first quarter, falling from the 3.1 percent growth rate in the fourth quarter, and missing the 2.2 percent growth rate economists had projected.
The U.S. Labor Department also upwardly revised initial unemployment claims from the last report they issued.
All of this had an impact on oil prices, as oil futures ended lower Thursday. Light, sweet crude for July delivery settled down $1.09, or 1.1 percent, to $100.23 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled up 12 cents, or 0.1 percent, to $115.05 a barrel.
Front-month June reformulated gasoline blendstock, settled up 3.21 cents, or 1.1 percent, to $3.0483 a gallon. June heating oil was up 0.26 cent, or 0.1 percent, to $2.9829 a gallon.
With the Memorial Day weekend coming in the U.S., which usually involves heavy travel and usage of gasoline in vehicles, it probably counteracted the slightly lower price of oil and gas heading into the summer season.
Petrobras closed Thursday at $34.15, gaining $0.50, or 1.49 percent. Cameron International closed at $48.33, up $0.56, or 1.17 percent. Royal Dutch Shell soared to $70.28, surging $1.27, or 1.84 percent. Transocean ended the session at $69.36, rising $0.30, or 0.43 percent. Anadarko closed at $77.89, up $0.67, or 0.87 percent.
Obama's economy continues to crumble as first-time unemployment claims surged by close to 10,000, exploding past the anticipated decline of 4,000 economists had been expecting. That is a seasonally adjusted 424,000 for the week ended May 21.
The U.S. economy growth rate was also worst than expected, growing at a very weak 1.8 percent rate in the first quarter, falling from the 3.1 percent growth rate in the fourth quarter, and missing the 2.2 percent growth rate economists had projected.
The U.S. Labor Department also upwardly revised initial unemployment claims from the last report they issued.
All of this had an impact on oil prices, as oil futures ended lower Thursday. Light, sweet crude for July delivery settled down $1.09, or 1.1 percent, to $100.23 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled up 12 cents, or 0.1 percent, to $115.05 a barrel.
Front-month June reformulated gasoline blendstock, settled up 3.21 cents, or 1.1 percent, to $3.0483 a gallon. June heating oil was up 0.26 cent, or 0.1 percent, to $2.9829 a gallon.
With the Memorial Day weekend coming in the U.S., which usually involves heavy travel and usage of gasoline in vehicles, it probably counteracted the slightly lower price of oil and gas heading into the summer season.
Petrobras closed Thursday at $34.15, gaining $0.50, or 1.49 percent. Cameron International closed at $48.33, up $0.56, or 1.17 percent. Royal Dutch Shell soared to $70.28, surging $1.27, or 1.84 percent. Transocean ended the session at $69.36, rising $0.30, or 0.43 percent. Anadarko closed at $77.89, up $0.67, or 0.87 percent.
Thursday, May 26, 2011
BP (BP) (MRO) (RDS-A) End Positive on $100 Oil
Shares of BP (NYSE:BP), Marathon Oil (NYSE:MRO) and Shell (NYSE:RDS-A) ended the session up as oil prices gained the $100 a barrel mark for the first time this week.
Light sweet crude oil for July delivery was up $1.73 to settle at $101.32 a barrel and July Brent crude jumped $2.40 to settle at $114.93.
Also aiding oil prices was a Department of Energy report on Wednesday saying U.S. commercial crude inventories climbed 600,000 barrels in the week ended May 20 versus an expected 1.3 million barrel fall in crude stocks.
Gasoline inventories rose 3.8 million barrels last week versus an estimated 300,000 barrel jump.
Marathon closed Wednesday at $52.76, gaining $0.88, or 1.70 percent. Royal Dutch Shell closed at $69.01, up $0.33, or 0.48 percent. BP ended the day at $44.71, rising $0.34, or 0.77 percent.
Light sweet crude oil for July delivery was up $1.73 to settle at $101.32 a barrel and July Brent crude jumped $2.40 to settle at $114.93.
Also aiding oil prices was a Department of Energy report on Wednesday saying U.S. commercial crude inventories climbed 600,000 barrels in the week ended May 20 versus an expected 1.3 million barrel fall in crude stocks.
Gasoline inventories rose 3.8 million barrels last week versus an estimated 300,000 barrel jump.
Marathon closed Wednesday at $52.76, gaining $0.88, or 1.70 percent. Royal Dutch Shell closed at $69.01, up $0.33, or 0.48 percent. BP ended the day at $44.71, rising $0.34, or 0.77 percent.
Friday, May 20, 2011
Conoco (COP) (XOM) (RDS-A) (HAL) (CVX) Trading Mixed
Shares of ConocoPhillips (NYSE:COP), Exxon Mobil (NYSE:XOM), Shell (NYSE:RDS-A), Halliburton (NYSE:HAL) and Chevron (NYSE:CVX) were trading mixed today as oil prices were trading down in the session.
Crude-oil futures were trading down $0.79 to $97.65 a barrel on the New York Mercantile Exchange.
U. S. crude oil prices also gained some back from earlier losses spurred by comments from the German Bundesbank, which said growth in Europe's largest economy will probably slow down.
Chevron (CVX) was trading at $103.43, falling $0.44, or 0.42 percent, as of 1:51 PM EDT. Halliburton (HAL) was at $47.35, gaining $0.45, or 0.96 percent. Shell (RDS-A) was trading at $70.00, down $0.63, or 0.89 percent. Exxon Mobil (XOM) was at $82.04, losing $0.29, or 0.35 percent. Conoco (COP) was trading at $72.88, up $0.18, or 0.25 percent.
Crude-oil futures were trading down $0.79 to $97.65 a barrel on the New York Mercantile Exchange.
U. S. crude oil prices also gained some back from earlier losses spurred by comments from the German Bundesbank, which said growth in Europe's largest economy will probably slow down.
Chevron (CVX) was trading at $103.43, falling $0.44, or 0.42 percent, as of 1:51 PM EDT. Halliburton (HAL) was at $47.35, gaining $0.45, or 0.96 percent. Shell (RDS-A) was trading at $70.00, down $0.63, or 0.89 percent. Exxon Mobil (XOM) was at $82.04, losing $0.29, or 0.35 percent. Conoco (COP) was trading at $72.88, up $0.18, or 0.25 percent.
Coverage on (RDS-A) (RIMM) (NUVA) (PCBK) Initiated
Coverage on shares of Royal Dutch Shell (NYSE:RDS.A), Research In Motion (NASDAQ:RIMM), NuVasive (NASDAQ:NUVA) and Pacific Continental (NASDAQ:PCBK) was initiated by analysts.
Madison Williams initiated coverage on NuVasive (NUVA), starting them off with a "Sell" rating.
Keefe Bruyette initiated coverage on Pacific Continental (PCBK), starting them off with an "Outperform" rating.
ThinkEquity initiated coverage on Research In Motion (RIMM), starting them off with a "Hold" rating.
RBC Capital Markets initiated coverage on Royal Dutch Shell (RDS-A), starting them off with a "Top Pick" rating.
Madison Williams initiated coverage on NuVasive (NUVA), starting them off with a "Sell" rating.
Keefe Bruyette initiated coverage on Pacific Continental (PCBK), starting them off with an "Outperform" rating.
ThinkEquity initiated coverage on Research In Motion (RIMM), starting them off with a "Hold" rating.
RBC Capital Markets initiated coverage on Royal Dutch Shell (RDS-A), starting them off with a "Top Pick" rating.
Hess (HES) (RDS-A) (OIS) (PQ) (SLB) Trade Mixed as Energy Falls
Shares of Hess Corporation (NYSE:HES), Shell (NYSE:RDS-A), Oil States Intl., Inc. (NYSE:OIS), PetroQuest Energy (NYSE:PQ) and Schlumberger (NYSE:SLB) on Thursday as oil and gas were down on the day.
After the International Energy Agency expressed concerns about the effects of higher oil and gasoline prices on the global economy, oil fell in Thursday trading.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Hess Corporation (HES) closed Thursday at $78.08, gaining $0.89, or 1.15 percent.
After the International Energy Agency expressed concerns about the effects of higher oil and gasoline prices on the global economy, oil fell in Thursday trading.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Hess Corporation (HES) closed Thursday at $78.08, gaining $0.89, or 1.15 percent.
Wednesday, May 18, 2011
Shares of BP (BP) (COP) (XOM) (RDS-A) (DVN) Close Up
Dropping fuel prices prices didn't stop shares of BP (NYSE:BP), ConocoPhillips (NYSE:COP), ExxonMobil (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-A) and Devon Energy from all closing up on Tuesday.
Benchmark crude for June delivery dropped 47 cents to settle at $96.91 a barrel on the New York Mercantile Exchange. It fell as low as $95.02 during the trading session.
Natural gas was down 3 percent, falling 13.3 cents to $4.246 per 1,000 cubic feet.
In Nymex trading in June contracts, heating oil fell 2.93 cents to settle at $2.8451 per gallon, gasoline futures were down 1.18 cents to settle at $2.9193 a gallon and natural gas declined 13.3 cents to settle at $4.246 per 1,000 cubic feet.
In London, Brent crude for June delivery was lower by 85 cents to settle at $109.99 on the ICE Futures exchange.
Exxon closed Tuesday at $80.41, gaining $0.17, or 0.21 percent.
Benchmark crude for June delivery dropped 47 cents to settle at $96.91 a barrel on the New York Mercantile Exchange. It fell as low as $95.02 during the trading session.
Natural gas was down 3 percent, falling 13.3 cents to $4.246 per 1,000 cubic feet.
In Nymex trading in June contracts, heating oil fell 2.93 cents to settle at $2.8451 per gallon, gasoline futures were down 1.18 cents to settle at $2.9193 a gallon and natural gas declined 13.3 cents to settle at $4.246 per 1,000 cubic feet.
In London, Brent crude for June delivery was lower by 85 cents to settle at $109.99 on the ICE Futures exchange.
Exxon closed Tuesday at $80.41, gaining $0.17, or 0.21 percent.
Tuesday, May 17, 2011
Shell (RDS-A) Trades Down as Oil Prices Drop
Shell (NYSE:RDS-A) was under pressure as oil as gas prices fell Wednesday, dragging the majority of energy companies down as well.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Royal Dutch Shell plc operates as an oil and gas company around the world.
Shell (RDS-A) closed Wednesday at $66.24, down $2.12, or 2.10 percent.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Royal Dutch Shell plc operates as an oil and gas company around the world.
Shell (RDS-A) closed Wednesday at $66.24, down $2.12, or 2.10 percent.
Shares of (APC) (APA) (CAM) (MRO) (RDS-A) Trade Down as Oil Continues to Fall
The share prices of Anadarko (NYSE:APC), Shell (NYSE:RDS-A), Apache Corp (NYSE:APA), Cameron International (NYSE:CAM) and Marathon Oil (NYSE:MRO) traded down Monday as the falling price of oil and gas weigh on the companies.
U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.
Crude futures have fallen close to 15 percent so far on the month.
Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.
Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.
U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.
June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.
Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.
U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.
Crude futures have fallen close to 15 percent so far on the month.
Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.
Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.
U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.
June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.
Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.
Monday, May 16, 2011
Shell (RDS-A) (NOG) (HNR) (ROSE) (STR) Trade Down as Oil Prices Rebound
Shares of Shell (NYSE:RDS-A), Northern Oil and Gas (Amex:NOG), Harvest Natural Resources (NYSE:HNR), Rosetta Resources (NASDAQ:ROSE) and Questar Corporation (NYSE:STR) traded down even as oil prices closed Friday in positive territory.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Shell (RDS-A) closed Friday at $69.63, falling $1.46, or 2.05 percent.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Shell (RDS-A) closed Friday at $69.63, falling $1.46, or 2.05 percent.
Wednesday, May 11, 2011
Transocean (RIG) (PETD) (PXP) (NOG) (RDS-A) Trade Positive as Oil, Gas Rise
Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share prices of Transocean (NYSE:RIG), PDC Energy (NASDAQ:PETD), Plains Exploration & Production (NYSE:PXP), Northern Oil and Gas (Amex:NOG) and Shell (NYSE:RDS-A).
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Uncertainty remains as to the effects of the flooding along the Mississippi River could have on regional refinery operations, which could slow down gasoline production and put upward pressure on prices.
Transocean (RIG) closed at $68.36, up $0.39, or 0.59 percent.
Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.
Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.
Uncertainty remains as to the effects of the flooding along the Mississippi River could have on regional refinery operations, which could slow down gasoline production and put upward pressure on prices.
Transocean (RIG) closed at $68.36, up $0.39, or 0.59 percent.
Tuesday, May 10, 2011
Baker Hughes (BHI) (CXPO) (ECA) (STR) (RDS-A) Trade Mixed as Oil Prices Rebound
Most oil and related companies performed strong Monday, as Baker Hughes Incorporated (NYSE:BHI), Crimson Exploration (NASDAQ:CXPO), Encana Corp. (NYSE:ECA), Questar Corporation (NYSE:STR) and Shell (NYSE:RDS-A) traded mixed as the price of oil rebounded.
Gastar was the only one of the list above to close down Monday.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Encana Corp. (ECA) closed Monday at $32.65, climbing $0.24, or 0.74 percent.
Gastar was the only one of the list above to close down Monday.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Encana Corp. (ECA) closed Monday at $32.65, climbing $0.24, or 0.74 percent.
Monday, May 9, 2011
Shares of (CHK) (GEOI) (RRC) (NOV) (RDS-A) Trade Mixed as Oil Closed Down 15% Last Week
Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Chesapeake Energy Corp. (NYSE:CHK), GeoResources (NASDAQ:GEOI), Range Resources (NYSE:RRC), National-Oilwell Varco, Inc. (NYSE:NOV) and Shell (NYSE:RDS-A), and others, down with it.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Chesapeake Energy Corp. (CHK) closed Friday at $30.95, gaining $0.09, or 0.29 percent.
Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.
For the week, the June oil futures contract fell 14.7 percent to $113.93.
Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.
In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.
Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.
According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.
All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.
In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.
Chesapeake Energy Corp. (CHK) closed Friday at $30.95, gaining $0.09, or 0.29 percent.
Biggest Losers (CNR) (GPI) (RIG) (NEM) (RDS-B) on May 6
Among the big, negative movers on Friday, May 6, were China Metro-Rural (CNR), Group 1 Automotive (GPI), Transocean Inc. (NYSE:RIG), Newmont Mining Corp. (NEM) and Royal Dutch Shell (RDS-B).
China Metro-Rural (CNR) was down $1.00, to close at $2.32, a loss of 30.12 percent.
Group 1 Automotive (GPI) fell $0.98 on the day to close at $40.68, a loss of 2.35 percent.
Transocean Inc. (NYSE:RIG) dropped $0.98 to close at $67.79, a loss of 1.43 percent.
Newmont Mining Corp. (NEM) declined $0.97 to close the session at $53.72, a loss of 1.77 percent.
Royal Dutch Shell (RDS-A) plunged $0.94 to end the day at $72.68, a loss of 1.28 percent.
China Metro-Rural (CNR) was down $1.00, to close at $2.32, a loss of 30.12 percent.
Group 1 Automotive (GPI) fell $0.98 on the day to close at $40.68, a loss of 2.35 percent.
Transocean Inc. (NYSE:RIG) dropped $0.98 to close at $67.79, a loss of 1.43 percent.
Newmont Mining Corp. (NEM) declined $0.97 to close the session at $53.72, a loss of 1.77 percent.
Royal Dutch Shell (RDS-A) plunged $0.94 to end the day at $72.68, a loss of 1.28 percent.
Biggest Losers (FSYS) (GES) (SHS) (GPN) (RDS-A) on May 6
Among the big, negative movers on Friday, May 6, were Fuel Systems Solutions (FSYS), Guess (GES), Sauer-Danfoss Inc. (SHS), Global Payments Inc. (GPN) and Royal Dutch Shell (RDS-A).
Fuel Systems Solutions (FSYS) was down $1.16, to close at $25.44, a loss of 4.36 percent.
Guess (GES) fell $1.12 on the day to close at $41.62, a loss of 2.62 percent.
Sauer-Danfoss Inc. (SHS) dropped $1.05 to close at $59.20, a loss of 1.74 percent.
Global Payments Inc. (GPN) declined $1.02 to close the session at $51.65, a loss of 1.94 percent.
Royal Dutch Shell (RDS-A) plunged $1.01 to end the day at $71.83, a loss of 1.39 percent.
Fuel Systems Solutions (FSYS) was down $1.16, to close at $25.44, a loss of 4.36 percent.
Guess (GES) fell $1.12 on the day to close at $41.62, a loss of 2.62 percent.
Sauer-Danfoss Inc. (SHS) dropped $1.05 to close at $59.20, a loss of 1.74 percent.
Global Payments Inc. (GPN) declined $1.02 to close the session at $51.65, a loss of 1.94 percent.
Royal Dutch Shell (RDS-A) plunged $1.01 to end the day at $71.83, a loss of 1.39 percent.
Thursday, May 5, 2011
Shell (RDS-A) (CRK) (PQ) (CXPO) (EPM) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Royal Dutch Shell (NYSE:RDS-A), Comstock Resources (NYSE:CRK), PetroQuest Energy (NYSE:PQ), Crimson Exploration (NASDAQ:CXPO) and Evolution Petroleum (Amex:EPM) all closed down Wednesday as oil prices took a breather.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Crimson Exploration (CXPO) closed Wednesday at $3.57, falling $0.19, or 5.05 percent.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Crimson Exploration (CXPO) closed Wednesday at $3.57, falling $0.19, or 5.05 percent.
Wednesday, May 4, 2011
Shell (RDS-A) (EPD) (HNR) (NOG) (STR) Trade Down as Oil Demand Falls
Falling demand for fuel has pushed down oil inventories and the price of oil, putting pressure on Royal Dutch Shell (NYSE:RDS-A), Enterprise Products Partners (NYSE:EPD), Harvest Natural Resources (NYSE:HNR), Northern Oil and Gas (Amex:NOG) and Questar Corporation (NYSE:STR).
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Royal Dutch Shell (RDS-A) closed Tuesday at $76.14, falling $1.26, or 1.63 percent.
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Royal Dutch Shell (RDS-A) closed Tuesday at $76.14, falling $1.26, or 1.63 percent.
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