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Friday, July 31, 2026

June 10, 2020

U.S. crude stockpiles surge to record high on big Saudi imports: EIA- oil and gas 360

U.S. crude stockpiles surge to record high on big Saudi imports: EIA

June 10, 2020

Reuters U.S. crude oil stockpiles rose unexpectedly last week to an all-time high as refiners boosted imports, particularly from Saudi Arabia, while exports dropped to lows not seen since November. The Energy Information Administration also said on Wednesday that refined product demand ticked up, but still remained far below normal levels. Crude inventories rose 5.7 million barrels in the week

Oil and gas production ETF paces for best quarter on record, but traders say it’s still a ‘show-me story’-oil and gas 360

Oil and gas production ETF paces for best quarter on record, but traders say it’s still a ‘show-me story’

June 10, 2020

CNBC Oil and gas stocks are defying the odds. The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns about oversupply. That’s more than triple its second-biggest gain from June 2008, when it ran nearly 31%. Some traders aren’t buying the recent run, however. “Energy is still

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