Though the start of the month was upbeat, rising rate worries triggered a crash at month-end. Can markets rally higher in March on EUA of J&J's vaccine and chances of passage of Biden's stimulus bill?
Winter storm and arctic blast of cold weather in Texas had some severe impacts on the oil industry.
Wall Street crashed last week. Rising rate worries led to the underperformance.
This oil services ETF has hit a new 52-week high. Are more gains in store?
While oil services stocks have been trending downward over the past few years, the industry has rebounded since October as the market rotated into more cyclical stocks after positive vaccine news. This...
Oil price has been on a surge in recent months buoyed by solid development on the COVID-19 vaccine front.
After registering the best month ever, the energy sector continued its bullish trend on vaccine optimism,
Wall Street has hit a series of record highs with the four indices - the S&P 500, the Dow Jones, the Nasdaq Composite and the small-cap Russell 2000 - closed at new highs for the first time since January...
Back-to-back upbeat vaccine update, stimulus hopes and a divided government have boosted Wall Street in November.
We have highlighted a few ETFs that have outperformed the market in November and could be better plays if the trend prevails.
The S&P 500 Energy Index is on track for the best month ever, gaining nearly 40%.
Energy stocks have benefited from vaccine optimism
Energy stocks have been among the worst performers in the market over the last couple of years. However, there's some potentially good news with a vaccine and improving economic data. News of a...
Promising vaccine results from Pfizer sent economically sensitive stocks soaring
Wall Street soared on Nov 9 on news that Pfizer (PFE) and BioNTech (BNTX) vaccine candidate was more than 90% effective in avoiding COVID-19 in its clinical trial.
Oil stocks have been one of the biggest lagging groups since the March low in stocks. Despite the economy improving, oil prices have remained depressed. However, oil service stocks like SLB, BKR, and HAL...
There are increasing signs of a turnaround in the energy sector. Schlumberger (SLB) and Haliburton (HAL) are two of the highest-quality and cheapest energy stocks. Buffett's recently made a major buy in...
The U.S. ISM Manufacturing PMI came in at 54.2 for July 2020, up from 52.6 in the previous month and surpassing market expectations of 53.6.
The International Energy Agency (IEA) said this week that demand is expected to decline by 8.1 million barrels per day in 2020. The decline would be the largest in history.
Lower refining margins, opportunistic buying by some countries, expectations of higher shale production and subdued economic recovery may weigh on further oil price rally.