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5:40 a.m. Today - By Myra P. Saefong
EIA reports a weekly decline in natural-gas suppliesThe U.S. on Thursday that domestic supplies of natural gas fell by 59 billion cubic feet for the week ended Nov. 26. That matched the average decline forecast by analysts polled by S&P Global Platts, and compared with a five-year average decrease of 31 billion cubic feet for the period. Total stocks now stand at 3.564 trillion cubic feet, down 375 billion cubic feet from a year ago and 86 billion cubic feet below the five-year average, the government said. Following the data, January natural gas traded up by 2.3 cents, or 0.5%, at $4.281 per million British thermal units. Prices were at $4.268 .
5:38 a.m. Dec. 1, 2021 - By Myra P. Saefong
Oil futures pare some gains after EIA reports a smaller-than-expected weekly fall in U.S. crude suppliesThe Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 900,000 barrels for the week ended Nov. 26. On average, analysts had forecast a 2.7 million-barrel decline, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 747,000-barrel decrease, according to sources. The EIA also reported weekly inventory increases of 4 million barrels for gasoline and 2.2 million barrels for distillates. The S&P Global Platts survey expected supply climbs of 900,000 barrels gasoline and 1 million barrels for distillates. The EIA data showed crude stocks at the Cushing, Okla., Nymex delivery hub edged up by 1.1 million barrels for the week. January West Texas Intermediate crude was up $2.07, or 3.1%, at $68.25 a barrel on the New York Mercantile Exchange. It traded at $68.60 before the supply data.
12:04 p.m. Nov. 30, 2021 - By Myra P. Saefong
API data reportedly show a weekly decline in U.S. crude supplies, but product stocks riseThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 747,000 barrels for the week ended Nov. 26, according to sources. The API also reportedly showed weekly inventory increases of 2.2 million barrels for gasoline and 800,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub, meanwhile, rose by 1 million barrels last week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 2.7 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply increases of 900,000 barrels for gasoline and 1 million barrels for distillates. Oil prices moved up in the electronic trading session after the API data. January West Texas Intermediate crude was at $66.90 a barrel in electronic trading, at $66.18 on the New York Mercantile Exchange.
4:18 a.m. Nov. 23, 2021 - By Tomi Kilgore
Oil stocks see broad rally as crude prices reverse higher after SPR release planShares of oil companies are enjoying a broad rally Tuesday, after crude oil prices bounces sharply to turn positive, shrugging off of a plan to release 50 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in an attempt to rein in prices. The SPDR Energy Select Sector ETF rose 1.1% in premarket trading, with all 21 components gaining ground ahead of the open. Among some of the more active components, shares of Exxon Mobil Corp. gained 0.8%, Chevron Corp. rose 1.3%, ConocoPhillips climbed 1.2%, Marathon Oil Corp. tacked on 1.6% and Occidental Petroleum Corp. advanced 1.9%. Continuous crude oil futures rose 1.2% to $77.66, reversing an earlier loss of about 1.8%, according to FactSet data. Meanwhile, futures for the S&P 500 were little changed.
2:33 a.m. Nov. 23, 2021 - By Mark Decambre
U.S. oil down early Tuesday as White House announces release of 50 million barrels from strategic reservesWest Texas Intermediate oil oil was down sharply on Tuesday as President Biden to release 50 million barrels of oil from the U.S. Strategic Petroleum Reserve, or SPR, in coordination with other countries, to help ease pricing pressures, supply-chain bottlenecks and surging demand that have emerged in the economic recovery phase of the COVID-19 pandemic. WTI crude for January delivery was trading 29 cents, or 0.4%, lower at $76.43 a barrel on the New York Mercantile Exchange, after rising 1.1% on Monday. "As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand, forcing working families and businesses to pay the price," wrote Secretary Granholm, U.S. Secretary of Energy, in a Tuesday statement. "This action underscores the President's commitment to using the tools available to bring down costs for working families and to continue our economic recovery," the energy secretary said. The White House said that the release will come in two parts: 32 million barrels will be an exchange over the next several months, releasing oil that will eventually return to the SPR in the years ahead; and "18 million barrels will be an acceleration into the next several months of a sale of oil that Congress had previously authorized." The statement from the White House said that the U.S. would be ready to take additional action as needed to relieve pricing pressures. The U.S.'s SPR is the world's largest emergency stockpile of crude oil. The SPR was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program, according to the Energy Department. The stocks in the reserve, which have an authorized capacity of 714 million barrels, are federally owned and are stored in underground salt caverns at four sites along the Gulf of Mexico coastline. As of Nov. 12, the SPR had a total of 606.1 million barrels of crude oil, following a drawdown of 11.6 million barrels in October. The Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, have rebuffed calls to increase production, amid concerns that the current prices will compromise the global economic recovery. Biden had previously asked China, Japan, India and South Korea to also release strategic oil along with the U.S. to help lower prices across the globe.
5:38 a.m. Nov. 18, 2021 - By Myra P. Saefong
EIA reports a 26-billion-cubic-foot weekly climb in natural-gas suppliesThe U.S. on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12. IHS Markit had forecast an increase of 24 billion cubic feet. Total stocks now stand at 3.644 trillion cubic feet, down 310 billion cubic feet from a year ago and 81 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded up by 13.4 cents, or 2.8%, at $4.95 per million British thermal units. Prices were at $4.961 shortly .
6:05 a.m. Nov. 17, 2021 - By Myra P. Saefong
Oil futures extend losses as EIA reports a weekly decline in U.S. crude suppliesThe on Wednesday that U.S. crude inventories fell by 2.1 million barrels for the week ended Nov. 12. That was smaller than the average 2.5 million-barrel decrease expected by analysts polled by S&P Global Platts. The reported a 655,000-barrel rise, according to sources. The EIA also reported weekly inventory declines of 700,000 barrels for gasoline and 800,000 barrels for distillates. The S&P Global Platts survey expected supplies to decrease by 100,000 barrels for gasoline and 1.3 million barrels for distillates. The EIA data showed crude stocks at the Cushing, Okla., Nymex delivery hub edged down by 200,000 barrels for the week. was down $1.47, or 1.8%, at $79.29 a barrel on the New York Mercantile Exchange. It traded at $79.84 before the supply data.
11:52 a.m. Nov. 16, 2021 - By Myra P. Saefong
API data reportedly show a weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 655,000 barrels for the week ended Nov. 12, according to sources. The API also reportedly showed a weekly inventory decline of 2.8 million barrels for gasoline, but distillate stockpiles edged up by 107,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell by 491,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 2.5 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 100,000 barrels for gasoline and 1.3 million barrels for distillates. Oil prices was little changed in the electronic trading session after the API data. December West Texas Intermediate crude was at $80.74 a barrel in electronic trading, after on the New York Mercantile Exchange.
7:06 a.m. Nov. 10, 2021 - By Myra P. Saefong
EIA reports a small weekly climb in natural-gas suppliesThe U.S. on Wednesday that domestic supplies of natural gas rose by 7 billion cubic feet for the week ended Nov. 5. That was less than half the average increase of 15 billion cubic feet forecast by analysts polled by S&P Global Platts. The EIA released its report a day early because of Thursday's Veterans Day holiday. Total stocks now stand at 3.618 trillion cubic feet, down 308 billion cubic feet from a year ago and 119 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded down by 15.3 cents, or 3.1%, at $4.826 per million British thermal units. Prices were at $4.916 .
5:40 a.m. Nov. 10, 2021 - By Myra P. Saefong
Oil futures pare losses as EIA reports a weekly rise in U.S. crude supplies, but product stocks declineThe that U.S. crude inventories rose by 1 million barrels for the week ended Nov. 5. That matched the average increase expected by analysts polled by S&P Global Platts. The reported a 2.5 million-barrel decline, according to sources. The EIA also reported weekly inventory declines of 1.6 million barrels for gasoline and 2.6 million barrels for distillates. The S&P Global Platts survey expected supplies to decrease by 1.6 million barrels for gasoline, but distillate stockpiles were expected to show no change for the week. The EIA data showed crude stocks at the Cushing, Okla., Nymex delivery hub unchanged for the week. Oil prices pared some of its earlier losses after the EIA data. December West Texas Intermediate crude contract was down 43 cents, or 0.5%, at $83.72 a barrel on the New York Mercantile Exchange. It traded at $83.70 .
12:24 p.m. Nov. 9, 2021 - By Myra P. Saefong
API data reportedly show a more than 2 million-barrel weekly fall in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2.5 million barrels for the week ended Nov. 5, according to several sources. The API also showed inventory declines of 4.5 million barrels for gasoline and 3.3 million barrels for distillate stockpiles, two sources told MarketWatch. Crude stocks at the Cushing, Okla., storage hub, meanwhile, rose by 234,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 1 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for a supply decline of 1.6 million barrels for gasoline, while distillate stockpiles are expected to show no change for the week. Oil prices moved up in the electronic trading session after the API data. December West Texas Intermediate crude was at $84.61 a barrel in electronic trading, after on the New York Mercantile Exchange.
7:12 a.m. Nov. 8, 2021 - By Tomi Kilgore
Pioneer Power stock rockets on massive volume after introducing mobile EV charging productsShares of Pioneer Power Solutions Inc. rocketed 82.5% on massive volume in midday trading Monday, enough to make them the biggest gainers on major U.S. exchanges, after the maker of on-site power generation equipment announced the launch of its E-Boost portfolio of mobile electric-vehicle charging products. Volume spiked to 155.2 million shares, compared with the full-day average over the past 30 days of about 146,230 shares, and making the stock the most actively traded on the Nasdaq. The company said it did not comment on stock action. The E-Boost portfolio includes a truck-mounted product, providing truck and car owners with dispatchable charging services; a trailer-mounted product for higher capacity EV charging, which also provides options for towing; and stationary EV charging products that can be moved if needed, and can provide high-speed DC fast charging to two vehicles. "We are anticipating the rapidly growing demand for high-capacity mobile charging that will be required to support the wide range of EV and mobile power use cases with E-Boost products," said Chief Executive Nathan Mazurek. The stock has soared 53.2% year to date, while the Russell 2000 of small-capitalization stocks has rallied 24.1% and the S&P 500 has gained 25.1%.
5:33 a.m. Nov. 4, 2021 - By Myra P. Saefong
EIA reports a weekly climb of 63 billion cubic feet in natural-gas suppliesThe on Thursday that domestic supplies of natural gas rose by 63 billion cubic feet for the week ended Oct. 29. That was below the average increase of 70 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.611 trillion cubic feet, down 313 billion cubic feet from a year ago and 101 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded up by 5 cents, or 0.9%, at $5.72 per million British thermal units. Prices were at $5.756 .
9:36 a.m. Nov. 3, 2021 - By Myra P. Saefong
U.S. oil futures log lowest finish since mid-October, with domestic crude supplies up a second week Oil futures fell Wednesday, with since mid-October, after the Energy Information Administration reported that U.S. crude inventories , up a second week in a row. Crude stocks at the Cushing, Okla., Nymex delivery hub, however, edged down by 900,000 barrels for the week, according to the EIA data. Phil Flynn, senior market analyst at The Price Futures Group, said the market should start to see overall oil inventories "start to draw down, and probably fairly significantly, in the coming weeks," adding that the build in crude inventories is exaggerated because of maintenance season for refineries. As the refiners come out of maintenance, the market will better balance with the situation at Cushing and that's "definitely something that will support the market." West Texas Intermediate crude for December delivery fell $3.05, or 3.6%, to settle at $80.86 a barrel on the New York Mercantile Exchange. That was the lowest finish for a front-month contract since Oct. 13, FactSet data show.
5:36 a.m. Nov. 3, 2021 - By Myra P. Saefong
EIA reports a bigger-than-expected weekly climb in U.S. crude suppliesThe on Wednesday that U.S. crude inventories rose by 3.3 million barrels for the week ended Oct. 29. On average, analysts polled by S&P Global Platts expected a 300,000-barrel climb. The reported a 3.6 million-barrel increase, according to sources. The EIA also reported a weekly inventory decline of 1.5 million barrels for gasoline, but distillate stockpiles edged up by 2.2 million barrels. The S&P Global Platts survey expected supplies to decrease by 900,000 barrels for gasoline and 1.5 million barrels for distillates. The EIA data showed crude stocks at the Cushing, Okla., Nymex delivery hub down by 900,000 barrels for the week. Oil prices extended their decline after the EIA data. December West Texas Intermediate crude contract fell $2.42, or 2.9%, at $81.49 a barrel on the New York Mercantile Exchange. It traded at $81.82 .
11:43 a.m. Nov. 2, 2021 - By Myra P. Saefong
Oil prices extend losses as API data reportedly show a weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.6 million barrels for the week ended Oct. 29, according to sources. The API also reportedly showed an inventory decline of 552,000 barrels for gasoline, but distillate stockpiles edged up by 573,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell by 882,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 300,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 900,000 barrels for gasoline and 1.5 million barrels for distillates. Oil prices extended losses into the electronic trading session after the API data. December West Texas Intermediate crude was at $83.27 a barrel in electronic trading, after on the New York Mercantile Exchange.
5:34 a.m. Oct. 28, 2021 - By Myra P. Saefong
EIA reports a weekly climb of 87 billion cubic feet in natural-gas suppliesThe on Thursday that domestic supplies of natural gas rose by 87 billion cubic feet for the week ended Oct. 22. That was a bit less than the average increase of 90 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.548 trillion cubic feet, down 403 billion cubic feet from a year ago and 126 billion cubic feet below the five-year average, the government said. Following the data, December natural gas traded down 25.7 cents, or 4.1%, at $5.941 per million British thermal units. Prices were at $5.884 shortly .
5:39 a.m. Oct. 27, 2021 - By Myra P. Saefong
EIA reports a weekly climb in U.S. crude supplies, but stocks at a key delivery hub declineThe on Wednesday that U.S. crude inventories rose by 4.3 million barrels for the week ended Oct. 22. On average, analysts polled by S&P Global Platts expected a 100,000-barrel decline, but the reported a 2.3 million-barrel climb, according to sources. The EIA also reported weekly inventory declines of 2 million barrels for gasoline and 400,000 barrels for distillates. The S&P Global Platts survey expected supplies to decrease by 2.7 million barrels for gasoline and 2 million barrels for distillates. The EIA data showed crude stocks at the Cushing, Okla., storage hub fell by 3.9 million barrels for the week. after the EIA data. December West Texas Intermediate crude contract fell 83 cents, or 1%, at $83.82 a barrel on the New York Mercantile Exchange, little changed from $83.81 before the supply data.
11:52 a.m. Oct. 26, 2021 - By Myra P. Saefong
API data reportedly show a more than 2 million-barrel weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.3 million barrels for the week ended Oct. 22, according to sources. The API also reportedly showed inventory increases of 530,000 barrels for gasoline and 986,000 barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, fell by 3.7 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 100,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 2.7 million barrels for gasoline and 2 million barrels for distillates. December West Texas Intermediate crude was at $84.49 a barrel in electronic trading, after at $84.65 on the New York Mercantile Exchange.
5:33 a.m. Oct. 21, 2021 - By Myra P. Saefong
EIA reports a weekly climb of 92 billion cubic feet in natural-gas suppliesThe on Thursday that domestic supplies of natural gas rose by 92 billion cubic feet for the week ended Oct. 15. That was a bit larger than the average increase of 88 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.461 trillion cubic feet, down 458 billion cubic feet from a year ago and 151 billion cubic feet below the five-year average, the government said. Following the data, November natural gas extended its decline, trading down 11.5 cents, or 2.2%, at $5.062 per million British thermal units. Prices were at $5.107 shortly .
5:40 a.m. Oct. 20, 2021 - By Myra P. Saefong
EIA reports an unexpected weekly decline in U.S. crude suppliesThe on Wednesday that U.S. crude inventories fell for the first time in four weeks, down by 400,000 barrels for the week ended Oct. 15. That compared with an average 2 million-barrel climb expected by analysts polled by S&P Global Platts. The reported a 3.3 million-barrel increase, according to sources. The EIA also reported weekly inventory declines of 5.4 million barrels for gasoline and 3.9 million barrels for distillates. The S&P Global Platts survey had forecast supply declines of 2.2 million barrels for gasoline and 2.4 million barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 2.4 million barrels for the week. Oil prices pared some gains following the EIA data. Ahead of its expiration at the end of , the November West Texas Intermediate crude contract turned higher, up 3 cents, or 0.04%, at $82.99 a barrel on the New York Mercantile Exchange. Futures were trading at $82.45 before the supply data.
11:52 a.m. Oct. 19, 2021 - By Myra P. Saefong
API data reportedly show a more than 3 million-barrel weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 3.3 million barrels for the week ended Oct. 15, according to sources. The API reportedly showed inventory declines of 3.5 million barrels for gasoline and 3 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 2.5 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 2 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 2.2 million barrels for gasoline and 2.4 million barrels for distillates. November West Texas Intermediate crude was at $83.01 a barrel in electronic trading, after on the New York Mercantile Exchange.
6:27 a.m. Oct. 14, 2021 - By Myra P. Saefong
EIA reports a third straight weekly climb in U.S. crude suppliesThe that U.S. crude inventories rose by 6.1 million barrels for the week ended Oct. 8. That defied expectations for an average 500,000 barrel decline expected by analysts polled by S&P Global Platts. The reported a 5.2 million-barrel climb, according to sources. Supply data were released a day later than usual this week due to Monday's Columbus Day holiday. The EIA also reported a weekly inventory decline of 2 million barrels for gasoline, but said distillate supplies were "virtually unchanged" last week. The S&P Global Platts survey had forecast supply declines of 400,000 barrels for gasoline and 800,000 barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 1.9 million barrels for the week. . November West Texas Intermediate crude was up 57 cents, or 0.7%, at $81.01 a barrel on the New York Mercantile Exchange. Futures were trading at $81.23 before the supply data.
5:35 a.m. Oct. 14, 2021 - By Myra P. Saefong
EIA reports a weekly climb in natural-gas supplies below some market forecastsThe that domestic supplies of natural gas rose by 81 billion cubic feet for the week ended Oct. 8. That was a bit lower than the average increase of 89 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.369 trillion cubic feet, down 501 billion cubic feet from a year ago and 174 billion cubic feet below the five-year average, the government said. Following the data, November natural gas , trading up 33 cents, or 5.9%, at $5.92 per million British thermal units. Prices were at $5.809 shortly before the data.
11:38 a.m. Oct. 13, 2021 - By Myra P. Saefong
API data reportedly show a more than 5 million-barrel weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.2 million barrels for the week ended Oct. 8, according to sources. The API, which released its report a day later than usual because of Monday's Columbus Day holiday, also reportedly showed inventory declines of 4.6 million barrels for gasoline and 2.7 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 2.3 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Thursday. On average, the EIA is expected to show crude inventories down by 500,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 400,000 barrels for gasoline and 800,000 barrels for distillates. November West Texas Intermediate crude was at $80.56 a barrel in electronic trading, at $80.44 on the New York Mercantile Exchange.
10:01 a.m. Oct. 11, 2021 - By Tomi Kilgore
Utilities stocks suffer broad weakness as Treasury yields climbThe utility sector suffered a broad selloff Monday, as the to multi-month highs acted as a counterweight. The SPDR Utilities Select Sector ETF dropped 1.4% in afternoon trading with 25 of 28 equities components losing ground. The decline was enough to pace all of the SPDR ETFs tracking the S&P 500's 11 key sectors in declines. Within the XLU, the biggest loser was NextEra Energy Inc.'s stock , which fell 3.0%. Among other more active components, shares of Exelon Corp. shed 1.7%, CenterPoint Energy Inc. slipped less than 0.1% and PPL Corp. gave up 0.7%, while Consolidated Edison Inc. was the best performer with a 1.0% gain. Meanwhile, the yield on the 10-year Treasury note was on track to close at the highest yield since June 3, and Treasury prices fell, as investors bet the Federal Reserve will cut its monthly Treasury purchases. Utilities stocks tend to be stable and have relatively high dividend yields, so they often trade as bond proxies, and fall when Treasury prices fall and Treasury yields rise. The utilities ETF's dividend yield is 3.09%, compared with the implied yield for the S&P 500 of 1.38% and the 10-year Treasury was recently at 1.614%.
4:02 a.m. Oct. 8, 2021 - By Tomi Kilgore
Camber Energy is still hot as the stock soars on heavy volume, a day after nearly doublingCamber Energy Inc. remained the hottest name on Wall Street, as the oil-and-gas company's stock is once again the most actively traded on major U.S. exchanges ahead of Friday's open as the recent rollercoaster ride looked set to continue. The stock soared 28.4% in Friday's premarket on volume of 71.9 million shares, after it skyrocketed 95.9% on volume of 961.2 million shares on Thursday, which came after the company disclosed . That run up followed in which the stock plummeted 76.1% on average daily volume of 474.7 million shares, which came after a six-day rally of 161.6% on average daily volume of 523.3 million shares. To put Friday's early rally in Camber Energy's stock in perspective, fellow AMC Entertainment Holdings Inc. slipped 0.7% on volume of 263,369 shares and GameStop Corp. eased 0.2% on volume of 4,069 shares, according to FactSet. And futures for the S&P 500 were little changed.
5:35 a.m. Oct. 7, 2021 - By Myra P. Saefong
EIA reports a weekly natural-gas supply climb of 118 billion cubic feetThe U.S. on Thursday that domestic supplies of natural gas rose by 118 billion cubic feet for the week ended Oct. 1. That was larger than the average increase of 111 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.288 trillion cubic feet, down 532 billion cubic feet from a year ago and 176 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was down 13.4 cents, or 2.4%, at $5.541 per million British thermal units. Prices were at $5.511 .
5:39 a.m. Oct. 6, 2021 - By Myra P. Saefong
EIA reports a weekly climb of more than 2 million barrels in U.S. crude suppliesThe on Wednesday that U.S. crude inventories rose by 2.3 million barrels for the week ended Oct. 1. That was above the average 200,000 barrel increase expected by analysts polled by S&P Global Platts. The reported a 951,000-barrel climb, according to sources. The EIA also reported a weekly inventory increase of 3.3 million barrels for gasoline, while distillate stockpiles edged down by 400,000 barrels. The S&P Global Platts survey had forecast supply declines of 700,000 barrels for gasoline and 1.7 million barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 1.5 million barrels for the week. Oil prices extended their losses following the EIA data. November West Texas Intermediate crude was down $1.38, or 1.8%, at $77.55 a barrel on the New York Mercantile Exchange. Futures were trading at $77.70 .
12:00 p.m. Oct. 5, 2021 - By Myra P. Saefong
API data reportedly show a nearly 1 million-barrel weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 951,000 barrels for the week ended Oct. 1, according to sources. The API also reportedly showed inventory increases of 3.7 million barrels for gasoline and 345,000 barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by about 2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories up by 200,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 700,000 barrels for gasoline and 1.7 million-barrel decline for distillates. November West Texas Intermediate crude was at $79.13 a barrel in electronic trading, after at a nearly seven-year high of $78.93 on the New York Mercantile Exchange.
6:47 a.m. Oct. 5, 2021 - By Tomi Kilgore
Camber Energy stock loses half its value on heavy volume, to extend the selloff from a 2-year highShares of Camber Energy Inc. plunged 50.2% in volatile trading Tuesday, as they extended their selloff from a near two-year high. The oil and natural gas company's stock had rocketed 161.6% amid a six-day win streak -- the average daily volume was 523.3 million shares -- to $3.82 on Sept. 30, which was the highest closing price since October 2019. Kudos to Tuttle Capital Management Chief Executive Matthew Tuttle, who said last week that as it appeared to be a possible pump by some Wall Street investors using social-media volume as a tool, as MarketWatch's Thornton McEnery. Since then, the stock has plummeted 59.7%. As of Tuesday afternoon, trading volume was 227.5 million shares, enough to make Camber's stock the most actively traded on major U.S. exchanges. It has been halted three times for volatility in the past half hour. The selloff comes as original meme stocks AMC Entertainment Holdings Inc. rose 2.4% and GameStop Corp. gained 0.1%, while the S&P 500 advanced 1.3%.
5:40 a.m. Sept. 30, 2021 - By Myra P. Saefong
EIA reports a weekly natural-gas supply climb of 88 billion cubic feetNatural-gas futures extended early gains on Thursday after the U.S. that domestic supplies of natural gas rose by 88 billion cubic feet for the week ended Sept. 24. That was nearly the same as the average increase of 87 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.170 trillion cubic feet, down 575 billion cubic feet from a year ago and 213 billion cubic feet below the five-year average, the government said. Following the data, November natural gas was up 11.9 cents, or 2.2%, at $5.596 per million British thermal units. Prices were at $5.545 shortly .
5:37 a.m. Sept. 29, 2021 - By Myra P. Saefong
Oil futures extend losses as EIA reports increases in U.S. crude, gasoline and distillate suppliesThe on Wednesday that U.S. crude inventories rose by 4.6 million barrels for the week ended Sept. 24. That defied expectations for an average decline of 4.5 million barrels expected by analysts polled by S&P Global Platts. The reported a 4.1 million-barrel increase, according to sources. The EIA also reported weekly inventory increases of 200,000 barrels for gasoline supplies and 400,000 barrels for distillates. The S&P Global Platts survey had forecast a supply increase of 700,000 barrels for gasoline and an inventory decline of 2.2 million barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 200,000 barrels for the week. Oil prices extended earlier declines following the EIA data. November West Texas Intermediate crude was down 44 cents, or 0.6%, at $74.85 a barrel on the New York Mercantile Exchange. Futures were trading at $75.08 .
11:44 a.m. Sept. 28, 2021 - By Myra P. Saefong
API data reportedly show an unexpected weekly climb in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.1 million barrels for the week ended Sept. 24, defying most expectations for a decline, according to sources. The API also reportedly showed inventory increases of nearly 3.6 million barrels for gasoline and 2.5 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 359,000 barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 4.5 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for a supply climb of 700,000 barrels for gasoline and 2.2 million-barrel decline for distillates. November West Texas Intermediate crude was at $74.40 a barrel in electronic trading, after on the New York Mercantile Exchange.
9:55 a.m. Sept. 24, 2021 - By Tomi Kilgore
Utilities sector ETF falls toward record losing streak as Treasury yields jumpThe SPDR Utilities Select Sector ETF fell 0.2% in afternoon trading, putting them on track for a record losing streak and a two-month low, as a recent spike in longer-term Treasury yields made the higher-yielding sector tracker less attractive. The SPDR utilities ETF (XLU) is headed for the lowest close since July 22 and a 12th-straight decline, which would surpass the previous record for consecutive declines of 11, which ended Oct. 7, 2016. The XLU's recent selloff comes the yield on the 10-year Treasury note has run up 12.5 basis points in two days toward a 12-week high, after the Federal Reserve said the . Utilities stocks are viewed by many investors as a bond proxy, given their relative stability and relatively high yield -- the XLU's dividend yield of 3.03% compares with the implied yield for the S&P 500 of 1.36%. As bond yields rise, and bond prices fall, utilities stocks tend to fall. During the XLU's previous record losing streak, the 10-year Treasury yield had reached a 4-month high, on its way toward a more than 2-year high about two months later.
5:36 a.m. Sept. 23, 2021 - By Myra P. Saefong
EIA reports a weekly supply climb of 76 billion cubic feetNatural-gas futures held onto the bulk of their gains on Thursday after the U.S. that domestic supplies of natural gas rose by 76 billion cubic feet for the week ended Sept. 17. That was larger than the average increase of 70 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.082 trillion cubic feet, down 589 billion cubic feet from a year ago and 229 billion cubic feet below the five-year average, the government said. Following the data, October natural gas was up 7.1 cents, or 1.5%, at $4.876 per million British thermal units. Prices were at $4.902 shortly .
9:37 a.m. Sept. 22, 2021 - By Myra P. Saefong
Oil prices settle higher after EIA data show a decline in U.S. crude suppliesOil futures , buoyed by a weekly decline in U.S. crude supplies, even as gasoline stockpiles edged higher. While much of the data, like the rise in crude production, is "still reflective of temporary hurricane impacts, this week's [Energy Information Administration] report did offer a glimpse into what is likely to come in the weeks ahead" with the reported 1.5 million barrel drop in crude stocks at the Cushing, Okla., storage hub, said Troy Vincent, market analyst at DTN. West Texas Intermediate crude for November delivery rose $1.74, or 2.5%, to settle at $72.23 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since Thursday, FactSet data show.
5:40 a.m. Sept. 22, 2021 - By Myra P. Saefong
EIA reports a weekly decline in U.S. crude supplies, but gasoline stockpiles riseThe on Wednesday that U.S. crude inventories fell by 3.5 million barrels for the week ended Sept. 17. That was slightly less than the average decline of 3.8 million barrels expected by analysts polled by S&P Global Platts forecast. The reported a 6.1 million-barrel decrease, according to sources. The EIA, however, also reported a weekly inventory increase of 3.5 million barrels for gasoline supplies, while distillate stockpiles were down by 2.6 million barrels. The S&P Global Platts survey had forecast supply decreases of about 900,000 barrels for gasoline and 1.4 million barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged down by 1.5 million barrels for the week. following the EIA data. November West Texas Intermediate crude was up $1.06, or 1.5%, at $71.55 a barrel on the New York Mercantile Exchange. Futures were trading at $71.80 before the supply data.
11:38 a.m. Sept. 21, 2021 - By Myra P. Saefong
API data reportedly show a weekly decline of more than 6 million barrels in U.S. crude suppliesThe American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.1 million barrels for the week ended Sept. 17, according to sources. The API also reportedly showed inventory declines of 432,000 barrels for gasoline and 2.7 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 1.7 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 3.8 million barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of about 900,000 barrels for gasoline and 1.4 million barrels for distillates. November West Texas Intermediate crude was at $70.78 a barrel in electronic trading, after on the New York Mercantile Exchange.
5:37 a.m. Sept. 16, 2021 - By Myra P. Saefong
Natural-gas prices extend losses as EIA reports a weekly supply climb of 83 billion cubic feetNatural-gas futures extended earlier declines on Thursday after the U.S. that domestic supplies of natural gas rose by 83 billion cubic feet for the week ended Sept. 10. That was a bit larger than the average increase of 79 billion cubic feet forecast by IHS Markit. Total stocks now stand at 3.006 trillion cubic feet, down 595 billion cubic feet from a year ago and 231 billion cubic feet below the five-year average, the government said. Following the data, October natural gas was down 17.6 cents, or 3.2%, at $5.284 per million British thermal units. Prices were at $5.299 .
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