Post Tagged with: "traders"
One underdog sector is beating the market this month, but two traders stand divided on its prospects
One of the market’s worst-performing sectors this year has turned the tables.
S&P 500 utilities stocks have been the top sector over the past month and in October, with the group now approaching a key bullish pattern known as …
Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues
NEW YORK – Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage …
Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources
From Reuters
Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …
New U.S. Pipelines Poised to Start Price War for Shale Shippers
From Reuters
The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.
These bargain …
Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts
From Reuters
Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…
Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast
From Reuters
Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12.
Enbridge said in a notice to customers Monday …
Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp
From Reuters
Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.
Front-month Brent futures prices tumbled by more …
Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA
From CNBC
Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.
“While we retain …
