Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to look through the recent surge in COVID-19 cases to the impending end of the pandemic and broader reopening of the economy,” wrote Marko Kolanovic, JPMorgan’s head of macro quantitative and derivatives strategy

  • S&P 500: 1.18%
  • Nasdaq: 0.7%
  • Dow Jones: 1.06%

Shares of Dow members Disney and Cisco rose after both companies reported quarterly results that beat analyst expectations Disney gained as the company said it now has 73 million paid subscribers for its streaming service, Disney+. The media giant also reported a smaller-than-expected loss for the quarter.

Oil and Gas News Today

Crude oil prices remained bearish Nov. 13, with a continued rise in coronavirus cases in Europe and the US offsetting promising vaccine news earlier in the week. "Although we still believe that oil prices are somewhat too high from a fundamental perspective and hopes that demand will normalize in the near future are premature, there are at least signs that a more sober view is being taken given the price slide since Wednesday," said CommerzBank analysts in a report. Crude oil prices settle around $40.24

Natural gas stock come in below analysts expectations (8 < 14bcf) with prices settling around $2.972

North American Shale News

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