Post Tagged with: "rebounds"

Source: Reuters

SLB beats profit forecast as offshore and international drilling rebounds

Oil Price


The biggest oilfield services firm in the world, SLB (NYSE: SLB), reported on Friday higher-than-expected earnings for the second quarter thanks to higher offshore drilling activity and a rebound in the international markets.

 

SLB’s earnings per share …

Source: Reuters

Oil mixed as U.S. gasoline demand rebounds but recessionary fears loom

US News


NEW YORK – Oil prices were mixed on Thursday, as concerns about a potential global recession that would knock energy demand offset lower crude inventories and a rebound in U.S. gasoline consumption.

Brent crude futures rose 28 cents

Source: Reuters

Canadian dollar rebounds as oil prices climb

Reuters


The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with the currency clawing back some of its decline from the prior day as oil prices rose and domestic data showed factory activity expanding at the slowest pace in …