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TradersPro Saturday

Top Oil Stock Ready To Move

 A midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.  WES $26.0300 -0.3700 % -1.4000 Western Midstream […]

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Construction
Consulting
Daily Rundown
Electric Cars
Oil
Wood Products

Wood, Electric Vehicles, Oil, Consulting, Construction

BlueLinx Holdings Inc. (BXC) BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products. ON Semiconductor Corporation (ON) ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power […]

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Oil
Oil Price
Oil Production

Oil Slumps in Summer Trading as Market Weighs US Fuel Demand

(Bloomberg) — Oil slid as investors assessed signs of lackluster US gasoline demand. West Texas Intermediate fell near $97 a barrel, while the dollar erased an earlier loss, making commodities priced in the currency less attractive. A US report showed gasoline inventories rose more than expected last week, while a four-week average indicated high prices […]

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Oil

Oil-Pipeline Outage Compounds Biden’s Post-Saudi Crude Dilemma

(Bloomberg) — Shipments of Canadian oil to US refiners were thrown into disarray by a pipeline disruption just days after President Joe Biden’s unsuccessful bid to coax more crude out of Saudi Arabia. The force majeure declared by TC Energy Corp. on some crude flows through its massive Keystone pipeline prompted traders and refiners to […]

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Oil

Oil Dives Back Below $100 as Recession Risk Spooks Jumpy Market

(Bloomberg) — Oil posted another sharp intraday decline as a Covid-19 resurgence in China added to concerns about a global economic slowdown. West Texas Intermediate lost as much as 5.5% to trade back below $100 a barrel, with losses deepening around noon London time. Dwindling liquidity has left prices vulnerable to sharper moves of late, […]

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Oil
Oil Refiners
One Hot Stock

Murphy USA Inc. (MUSA)- Buy Price: $255.25 or better

Buy Price: $255.25 or better Sell Price: TradersPro Sell Signal Murphy USA Inc. engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and […]

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Oil
Oil Crash
Oil Price

Oil Swings as Traders Grapple With Recession Concerns, Demand

(Bloomberg) — Oil fluctuated as investors weighed concerns that a global slowdown will erode demand against still-solid physical market signals. West Texas Intermediate rose toward $109 a barrel after dropping more than 1% earlier in the session. Trading volumes will likely be weaker than usual on Monday given the holiday in the US for the […]

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Crude Oil
Oil

Iran Slashes the Cost of Its Oil to Compete With Russia in China

(Bloomberg) — Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. China has become an important destination for Russian oil as Moscow seeks to maintain flows following the fallout from its invasion of Ukraine. That’s led to increased competition […]

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Demand Destruction
Fuel Costs
Oil

Surging Fuel Costs Are Causing Demand Destruction, Says Vitol

(Bloomberg) — The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Consumers are being hit by the run-up in gasoline, diesel and other oil products, Mike Muller, head of Asia at Vitol Group, said Sunday on a podcast produced by Dubai-based Gulf […]

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Global Economy
Oil
Russia

Germany Risks a Cascade of Utility Failures, Economy Chief Says

(Bloomberg) — Germany should prepare for deeper cuts in Russian gas supplies because President Vladimir Putin is pursuing a conscious strategy of driving up prices to undermine European unity, Economy Minister Robert Habeck said. “We aren’t dealing with erratic decisions but with economic warfare, completely rational and very clear,” Habeck, the deputy chancellor in Olaf […]

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Big Oil
Crude Oil
Oil
Oil Price

Oil Creeps Up as Markets Tighten Before Double Dose of US Data

(Bloomberg) — Oil edged higher for a fourth day as shipments from key Libyan ports were suspended, the latest factor compounding market tightness. West Texas Intermediate edged above $113 a barrel after gaining over the previous three sessions. Libya’s state oil company has suspended shipments from two key eastern ports amid renewed disruption in the […]

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Automotive
Daily Rundown
Financial Services
Healthcare Solutions
Oil
Pharmaceuticals

Pharmaceuticals, Financial Services, Hospitals, Automotive, Oil

First Financial Corporation (THFF) First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases. SIGA Technologies, Inc. (SIGA) SIGA Technologies, Inc., a commercial-stage pharmaceutical company, focuses on the […]

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Big Oil
Crude Oil
Energy Crisis
Oil

Conoco Sees Gas Volatility Lasting Years as it Invests in Qatar

(Bloomberg) –ConocoPhillips said volatility in global gas markets may last years, as it joined other Western energy firms by investing in a $29 billion project to boost Qatar’s exports of the fuel. The Houston-based company will buy a 3.1% holding in the North Field East project. Chief Executive Officer Ryan Lance announced the deal alongside […]

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Crude Oil
Fed Rate Hikes
Federal Reserve
Oil
Oil Price

Oil Steadies as Traders Weigh Outlook for Demand, Fed’s Path

(Bloomberg) — Oil steadied in Asia — after plunging almost 7% on Friday — as traders weighed prospects for higher near-term demand against concerns that aggressive US monetary tightening will lead to a recession. West Texas Intermediate traded above $109 a barrel after tumbling by the most since early April last week as escalating worries […]

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Oil

Oil Tumbles To $110 as Fed Signals Even More Hawkishness Ahead

(Bloomberg) — Oil fell the most in 5 weeks as Federal Reserve Chair Jerome Powell reiterated his will to curb the hottest inflation in decades with more aggressive rate hikes. West Texas Intermediate dropped to near $110, shedding as much as 6.3%. Federal Reserve Chair Jerome Powell this week openly endorsed for the first time […]

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