April 23, 2018 | Daily JAM, FANG, HP, PXD, SLB, STO, YPF |
Oil futures in New York settled at their highest since December 2014. U.S. benchmark West Texas Intermediate climbed 0.35% to close at $68.88 a barrel. International benchmark Brent crude rose 0.88% to $74.71 a barrel. The gains were unusual in that the U.S. dollar strengthened today. But the markets had news of another missile attack on Saudi Arabia–again unsuccessful–by Houthi rebels in Yemen. The Houthis are backed by Iran and Yemen has become a proxy war for power in the Middle East between Iran and Saudi Arabia (and by extension, Russia and the United States.)
November 20, 2017 | Daily JAM, PXD, STO, YPF |
Norges Bank Investment Management, the entity that runs Norway’s $1 trillion sovereign wealth fund, has recommended that the fund, which invests the country’s take from oil and gas revenue from production from its own reserves, sell off its shares in oil and gas stocks. The fund owns $35 billion in oil and gas shares. Should you follow suit?
June 23, 2017 | ARGT, Daily JAM, GGAL, Stock Alerts, YPF |
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June 20, 2017 | Daily JAM, Morning Briefing, PXD, Short Term, Volatility, You Might Have Missed, YPF |
Today’s moves take oil to a 7-month low. And oil is now in an official bear market for 2017 with West Texas Intermediate down 20% from its February 23, 2017 high at $54.45 a barrel. Why the tumble?
May 23, 2017 | Daily JAM, Stock Alerts, Volatility, YPF |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
April 9, 2012 | Daily JAM, Stock Alerts |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...