Mixed day for the markets as traders react to statements from both House Speak Nancy Pelosi and President Trump each give conflicting statements, driving markets sideways for a ranged bound day. The Dow Jones closed 122 points higher, or 0.4%. The S&P 500 gained 0.8% and the Nasdaq Composite was up 0.5%.
Pelosi, D-Calif., told reporters there will not be a stand-alone stimulus bill for airlines — something President Donald Trump had pushed for the day before — without a bigger aid package. Earlier in the day, Trump told Fox Business that the administration and Democrats were “starting to have some very productive talks.”
Oil and Gas News Today
Crude oil prices spike amid more shut in’s off Hurricane Delta. Prices are currently trading around $41.29, up 3.35% from the overnight session. Natural gas prices finish up off colder weather, but the 12-month strip stays flat, trading at $3.126 for NG 12-month strip
North American Shale News
- Oil market supply outlook bullish..?
- Chevron making people reapply….YIKES
International
- NextEra green energy focus makes it more valuable than Exxon/Chevron
- COP picks up new Norway drilling permit
Email the show: mtanner@enercominc.com
New Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Show Note Articles:
Don’t have an opinion, have a number with EnerCom Analytics
Haynes and Boone: Monthly Energy Tracker Call
Lloyd Blankfein sees `bubble elements’ in markets thanks to ‘free’ money
Column: Shrinking U.S. oil stocks point to market rebalancing – Kemp
OPEC cuts long-term forecast for oil demand growth, sees ‘continued disparity’ in climate policy
Hurricane Delta steams across Gulf of Mexico, halting 80% of oil output
Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul
U.S. domination in energy should not change post-election, top energy guru predicts
NextEra’s green energy focus makes it more valuable than Exxon or Chevron
Strike could cut a quarter of Norway’s oil and gas output next week
Don’t have an opinion, have a number with EnerCom Analytics
Haynes and Boone: Monthly Energy Tracker Call
Lloyd Blankfein sees `bubble elements’ in markets thanks to ‘free’ money
Column: Shrinking U.S. oil stocks point to market rebalancing – Kemp
OPEC cuts long-term forecast for oil demand growth, sees ‘continued disparity’ in climate policy
Hurricane Delta steams across Gulf of Mexico, halting 80% of oil output
Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul
U.S. domination in energy should not change post-election, top energy guru predicts
NextEra’s green energy focus makes it more valuable than Exxon or Chevron
Strike could cut a quarter of Norway’s oil and gas output next week
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