Discusses the impact of the lack of oil production increases from non-Organization of Petroleum Exporting Countries (OPEC) sources on the rising price of oil during 2000. Reasons for the lack of production, including the demands of investors that companies such as Exxon/Mobil Corp. and others ...
In a note to clients, Raymond James says ConocoPhillips' stock price is undervaluing the flood of cash the oil and gas company is poised to generate. Related: Judge Blocks Biden’s Ban On Oil Leasing That's quite remarkable considering COP shares are up 39.3% in the year-to-date. The ...
Firstly, oil prices do not determine stock returns exogenously, since equity and commodity prices may be driven by the same economic forces (e.g. stronger aggregate demand could drive up both oil and stock prices).4 Therefore, this paper focuses on oil price shocks instead. To obtain oil ...
WTI Crude Oil Spot Price is the price for immediate delivery of West Texas Intermediate grade oil, also known as Texas light sweet. It, along with Brent Spot Price, is one of the major benchmarks used in pricing oil. WTI in particular is useful for pricing any oil produce in the Americ...
We examine the asymmetric effects of daily oil price changes on equity returns, market betas, oil betas, return variances, and trading volumes for the US oil and gas industry. The responses of stock returns associated with negative changes in oil prices are higher than that associated with posit...
“The oil price will stay low” in the $30s per barrel, IEA chief Fatih Birol said. The dollar sank to 102.30 yen from Friday's 105.29 yen. Investors in Asia often buy up the Japanese currency and bonds in times of volatility. The euro advanced to $1.1416 from $1.1289. Chinese ...
Oil prices ended Wednesday's trading session higher, but data showing rising U.S. stockpiles and production capped gains. Supplier cutbacks, steady demand growth, geopolitical tensions and a favorable structure in the futures market have attracted record investment in oil this year. ...
Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving season in the top oil consuming nation. ...
HOUSTON, July 13 (Xinhua) -- Oil prices increased for the week ending July 12, with the price of West Texas Intermediate (WTI) for August delivery up 4.69 percent and Brent crude oil for September delivery up 3.88 percent. WTI closed the week at 60.21 U.S. dollars a barrel on the New...
KUALA LUMPUR, June 13 (Xinhua) -- Malaysian research house CGS CIMB said Monday it projected Malaysia's palm oil stock to rise by 5 percent by end-June 2022 and crude palm oil (CPO) price to trend lower in the second half of 2022 due to improved edible oil supplies. ...