Crude Oil News and Headlines
- Stocks - Dow Rallies as Energy, Financials Shine on Reopening Optimism 05/28/2020The Dow climbed on Wednesday as investors digested the latest earnings from corporates and ongoing efforts nationwide to reopen for business following economically-damaging lockdowns. The Dow Jones ...
- Petrofac extends contract for Iraq Crude Oil Export Expansion Project 05/28/2020Engineering & Production Services division (EPS) of UK-based Petrofac company has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil ...
- Market Outlook: Equity indices clear big hurdles even as Hong Kong tensions simmer 05/28/2020Tensions between the US and China are worsening, with the two sides clashing at the UN over Hong Kong. China rejected a US proposal for the Security Council to meet over the issue, whilst US secretary ...
- POLL-Strategists lower their sights for Canada's TSX after COVID-19 shock 05/28/2020Canada's main stock index is set to extend its rebound over the coming months as well as in 2021, but will fall short of previous expectations as the global economy struggles to fully recover from the ...
- USD/CAD holds steady above mid-1.3700s, lacks follow-through 05/28/2020The USD/CAD pair struggled to register any meaningful recovery and remained well within the striking distance of 2-1/2-month lows set on Wednesday. A pullback in crude oil prices undermined demand for ...
- Oil prices drop to trade near $45.39 a barrel on increase in US crude inventories 05/28/2020Oil extended its drop to trade near US$32 (S$45.39) a barrel after a U.S. industry report signalled crude inventories swelled for the first time in three weeks, raising fresh concerns about excess ...
- Stocks open higher on Wall Street a day after a late slide 05/28/2020Stocks are opening broadly higher on Wall Street as investors regain their confidence following a sudden drop a day earlier. Big-name investor favorites like Facebook, Apple ...
- Asian Shares Mixed After Wall Street Rally; Hong Kong Lower 05/28/2020Asian stocks are mixed after an upbeat open, as investors pin their hopes on an economic rebound from the coronavirus crisis.
- Strategists lower their sights for Canada's TSX after COVID-19 shock: Reuters poll 05/28/2020Canada's main stock index is set to extend its rebound over the coming months as well as in 2021, but will fall short of previous expectations as the global economy struggles to fully recover from the ...
- Head-To-Head Comparison: InPlay Oil (OTCMKTS:IPOOF) vs. Transocean (OTCMKTS:RIG) 05/28/2020InPlay Oil (OTCMKTS:IPOOF) and Transocean (NYSE:RIG) are both small-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their ...
- Global Stocks Mostly Rise; Hong Kong Stocks Fall 05/28/2020China's Shanghai Composite ticked up 0.3% while Hong Kong's Hang Seng fell 0.8%. The Chinese yuan weakened against the dollar. Australia's S&P/ASX 200 added 1.2% and Japan's Nikkei 225 jumped 2.3%. U.
- Crude Oil Price Update – Momentum Could Shift Lower Under $32.77 05/28/2020The direction of the July WTI crude oil market the rest of the session on Wednesday is likely to be determined by trader reaction to $32.77.