I will be using XLE the Energy Select Sector SPDR ETF and it's holdings as to how they perform and related stocks and news. The XLE itself will sit atop of the energy stocks for reference and to gauge the individual holdings. Markets Slip as Investors Turn Focus to Fed The Federal Reserve was the subject of investor focus ahead of the beginning of its members' April meeting on Tuesday morning. As usual, the central bank's Federal Open Market Committee will convene for a two-day meeting which concludes on Wednesday afternoon with an announcement. More http://www.thestreet.com/story/1354...turn-focus-to-fed.html?puc=yahoo&cm_ven=YAHOO
How Donald Trump wants to change the US energy industry Trump's plans outlined at the Williston Basin Petroleum Conference would mark a stark divergence from the Obama administration. Trump said that, if elected, he would rescind Obama's "job-destroying" executive actions, "save" the coal industry, revive the Keystone XL pipeline project and cancel the Paris climate accords. "America's incredible energy potential remains untapped," he said, claiming Obama has, and likely Democratic nominee Hillary Clinton would, keep America dependent on foreign energy sources. In his speech, Trump argued for the economic benefits of increased energy production, saying it would create jobs and free money to invest in infrastructure. He contended his election would prevent Americans from "sharing in the poverty promised by Hillary Clinton." Read full article here: http://www.msn.com/en-us/money/mark...s-to-change-the-us-energy-industry/ar-BBtwDQg
Oil’s ‘new normal’ may be lower than you think For the first time since October, last week Brent and WTI crude futures reached $50 a barrel. But in spite of the shift upwards, analysts still disagree over where the price of "black gold" is heading. Oil prices have rallied over the last two months due to unplanned production outages in Canada and Nigeria that have helped bring global supply and demand into better balance. Crude prices have declined since Thursday's peak but remained above $49 per barrel on Tuesday morning. Christian Gattiker-Ericsson, the chief strategist and global head of research at Julius Baer bank, said the likely next step for oil prices was back downwards. "The new normal for oil is somewhere between $35 and $50. So depending on global activity, we will probably revisit the lower end at some stage," he told CNBC in a television interview on Monday. http://www.cnbc.com/2016/05/31/oils...adline|headline|story&par=yahoo&doc=103675027
Chevron, Shell Near Buy Range As Oil Rises; Exxon Is Extended CHevron (CVX), Royal Dutch Shell (RDSA) and other oil companies are riding the oil price rally and may soon enter buying range, while Exxon Mobil (XOM) has already passed its buy point. http://www.investors.com/news/chevr...-buy-point/?ven=YahooCP&src=AURLLED&ven=yahoo
Energy looking good this morning in a down market Oil market should stick on an even keel for rest of the year: OPEC Oil markets might be showing signs of concern over the global economy but the rest of the year is nonetheless looking rosy for oil-producing cartel OPEC with the 13-member oil producer group forecasting that the second half of 2016 will continue to see oil markets rebalancing. According to OPEC's latest monthly report, which looked ahead to the second half of 2016, global economic conditions should continue to improve to reach global growth of 3.1 percent, OPEC said. "Provided that there is a clearer picture regarding oil supply and http://www.cnbc.com/2016/06/13/oil-...adline|headline|story&par=yahoo&doc=103709692
The U.S. oil industry will need to hire tens of thousands of workers in the next two and a half years as oil prices recover and drillers stand up rigs, Goldman Sachs projected in a note this week.
