Rohstoffthread / CCG-Hauptthread

wicki99

DayTrader
Beiträge: 51.355
OIL PRICES TURN HIGHER AHEAD OF US SUPPLY REPORTS -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

26 September 2023, 19:14

1214 ET - US crude futures have wiped away early-morning declines to trade 1% higher at $90.57 a barrel, putting them back within $1 of a 10-month-high. The move higher may suggest investors are re-establishing positions ahead of a pair of weekly US oil inventory reports, first from trade group API at 4:30pm ET, and then the official EIA report tomorrow morning. A weekly survey by WSJ is forecasting small, across-the-board declines in US inventories of crude, gasoline and diesel fuels. If those predictions are confirmed, it may give oil prices another boost higher toward fresh 10-month highs that were reached last week. Brent crude also turns higher, up 0.8% at $94.03.
(dan.molinski@wsj.com) (END) Dow Jones NewswiresSeptember 26, 2023 12:14 ET (16:14 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355

wicki99

DayTrader
Beiträge: 51.355
NATURAL GAS PRICES RALLY ALONGSIDE OTHER ENERGY COMMODITIES -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

27 September 2023, 15:52

0852 ET - Natural gas prices are seeing another surge in prices after three consecutive sessions of gains, up 1.7% at $2.700/mmBtu. The gains appear to be driven mostly by a broader rally throughout the energy commodity space led by crude-oil futures that are nearing another 10-month-high and getting a bit closer to $100 a barrel. While the front-month October delivery natural gas contract is trading near the top of recent ranges, that contract expires today, and the more-active November contract trades 2% higher at $2.900/mmBtu. If that contract could hold those gains when it shifts into the front-month tomorrow, it would be the highest price since Aug. 9.
(dan.molinski@wsj.com)(END) Dow Jones NewswiresSeptember 27, 2023 08:52 ET (12:52 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355
der
#Gold

Gold

Symbol:
Gold
-future fällt unter die nicht nur psychologisch wichtige marke von 1900$ (tt: 1890.30$).

gold.PNG
 
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wicki99

DayTrader
Beiträge: 51.355
SOUTHERN COPPER CURRENTLY DOWN NINE CONSECUTIVE DAYS, ON PACE FOR LONGEST LOSING STREAK SINCE SEPTEMBER 2018 -- DATA TALK
#PCU(A0HG1Y)

Southern Copper Corp

108,10 €
21:44:05
-0,25 €
-0,23 %
Hoch: 108,35 €
Tief: 108,10 €

Symbol:
PCU
WKN:
A0HG1Y
ISIN:
US84265V1052
108,10 -0,23%


scco.PNG
 

wicki99

DayTrader
Beiträge: 51.355
WTI OIL HITS A 13-MONTH HIGH AS INVENTORIES FALL -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

27 September 2023, 21:41

1440 ET - US crude futures climb 3.6% to finish at $93.68 a barrel, marking the largest one-day gain since July 7 and the highest settlement since Aug. 29, 2022. The trigger for much of today's gains was a weekly EIA report that showed US crude inventories fell last week by 2.2 million barrels to just 416M barrels, the lowest total this year and 4% below the five-year average. Not everything about the report was price-supportive as it showed relatively weak gasoline and diesel demand, and a small weekly rise in inventories of both those fuels. But as oil prices begin to approach $100, momentum alone seems to be carrying the market. Brent crude also ends sharply higher, at close to $97.
(dan.molinski@wsj.com)(END) Dow Jones NewswiresSeptember 27, 2023 14:41 ET (18:41 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355
CALIFORNIA GASOLINE PRICES TOP $6 FOR 1ST TIME THIS YEAR -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

28 September 2023, 16:04

0904 ET - As oil prices climb toward $100-a-barrel, gasoline prices in California jump above $6-a-gallon for the first time this year, with AAA reporting an average statewide price of $6.03 versus $5.89 yesterday and $5.29 a month ago. The nationwide average also edges higher, rising to $3.84 today from $3.83 yesterday and $3.82 a month ago. States such as California and Washington, whose gas-price average is $5.09 a gallon, see much higher prices than most of the rest of the country as they have implemented policies whereby industries including refineries have to make additional payments based on how much carbon they emit. Those costs are passed to consumers.
(dan.molinski@wsj.com) (END) Dow Jones NewswiresSeptember 28, 2023 09:04 ET (13:04 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
=> bei diesen preisen machen auch die amis dicke backen ....
 

wicki99

DayTrader
Beiträge: 51.355
#Kupfer

Kupfer

Symbol:
Kupfer
-future: eine wichtige unterstützung um 3.6300$ wurde getestet und intraday bestätigt. der markt schiebt daraufhin den kurs auf ein aktuelles th bei 3.7070$.

copper.PNG
 

wicki99

DayTrader
Beiträge: 51.355
#MPN(A1JEXK)

Marathon Petroleum Corporation

163,86 €
21:44:07
+1,88 €
+1,16 %
Hoch: 163,86 €
Tief: 161,98 €

Symbol:
MPN
WKN:
A1JEXK
ISIN:
US56585A1025
163,86 +1,16%
Marathon Petroleum Corporation (MPC): nach den qu-zahlen am 01.08.2023 wurde der kurs weiter geboostert. das ath wird aktuell auf 147.23$ verbessert. die beiden vergangenen tageskerzen (lange dochte, kleiner bzw. kein kerzenkörper) könnten auf eine leichte erschöpfung der bullen hinweisen. shortszenarien gehen damit noch nicht einher, aber auf die wl kann man die aktie nehmen.

mpc.PNG
#MPN(A1JEXK)

Marathon Petroleum Corporation

163,86 €
21:44:07
+1,88 €
+1,16 %
Hoch: 163,86 €
Tief: 161,98 €

Symbol:
MPN
WKN:
A1JEXK
ISIN:
US56585A1025
163,86 +1,16%
Marathon Petroleum Corporation (MPC): nach einem anstieg bis knapp unter 150$, findet sich seit drei tagen um 141$ eine unterstützung. für einen kleinen shortgewinn hätte es bis dato gereicht. aktuell wird die aktie um 142$ gehandelt (tt bei 141.27$).
#MPN(A1JEXK)

Marathon Petroleum Corporation

163,86 €
21:44:07
+1,88 €
+1,16 %
Hoch: 163,86 €
Tief: 161,98 €

Symbol:
MPN
WKN:
A1JEXK
ISIN:
US56585A1025
163,86 +1,16%
Marathon Petroleum Corporation (MPC):
MARATHON PETROLEUM REPORTS FIRE, EVACUATIONS AT GARYVILLE, LA., OIL REFINERY, 25 August 2023, 20:05

Marathon Petroleum reported a fire Friday at its Garyville, La. oil refinery, and said there have been no injuries but said residents living near the plant were ordered to evacuate to safety."Marathon Petroleum personnel and local emergency responders continue responding to a naphtha release and fire at a storage tank at the company's Garyville, Louisiana, refinery," Marathon said in an emailed statement.Local television footage showed at least two massive storage tanks fully engulfed in fire, with flames and thick black smoke shooting several stories into the air while two water cannons within the plant tried to douse the flames.Marathon said the leak of naphtha, a flammable liquid hydrocarbon mixture, and the fire itself are contained within the refinery's property."As a precautionary measure, St. John the Baptist Parish is requiring residents within a two-mile radius of the part of the refinery closest to the fire to temporarily evacuate to locations the Parish is making available," the refinery said.The Garyville refinery is located along the Mississippi River in southeastern Louisiana between New Orleans and Baton Rouge, and according to Marathon's website, the plant has a crude oil refining capacity of 596,000 barrels per calendar day.
Write to Dan Molinski at dan.molinski@wsj.com (END) Dow Jones NewswiresAugust 25, 2023 13:05 ET (17:05 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
MARATHON PETROLEUM REPORTS TRIPPED COMPRESSOR, EMISSIONS AT TEXAS OIL REFINERY
#MPN(A1JEXK)

Marathon Petroleum Corporation

163,86 €
21:44:07
+1,88 €
+1,16 %
Hoch: 163,86 €
Tief: 161,98 €

Symbol:
MPN
WKN:
A1JEXK
ISIN:
US56585A1025
163,86 +1,16%

1 September 2023, 18:52, By Dan Molinski
Marathon Petroleum on Friday reported equipment issues and excessive emissions at its Galveston Bay refining complex in Texas."Coker wet gas compressor tripped on low steam pressure that resulted in flaring," the refinery said in a statement to the Texas Commission on Environmental Quality, noting the above-normal emissions began Thursday night and ended Friday morning."The compressor was restarted and unit resumed normal operations," the refinery added.Marathon's 593,000-barrel-a-day Galveston Bay refining complex is located about 40 miles southeast of Houston.
Write to Dan Molinski at dan.molinski@wsj.com (END) Dow Jones NewswiresSeptember 01, 2023 11:52 ET (15:52 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
Marathon Petroleum Corporation (MPC): wow! kritische tageskerze, starker support bei 150$ (kreuzunterstützung mit sma20), darunter mögliche short-ziele bis 140$ (sma200).

mpc.PNG
Marathon Petroleum Corporation (MPC): der support um 150$ hat gehalten und führt den kurswert der aktie auf aktuelle 156.18$.
 
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wicki99

DayTrader
Beiträge: 51.355
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wicki99

DayTrader
Beiträge: 51.355
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wicki99

DayTrader
Beiträge: 51.355
METALS INCH HIGHER DESPITE DEMAND UNCERTAINTY -- MARKET TALK
29 September 2023, 10:28

0727 GMT - Metal prices are rising despite a strong dollar and possible rate hikes keep prices largely range bound in recent weeks. Three-month copper
#Kupfer

Kupfer

Symbol:
Kupfer
is up 1.2% to $8,313 a metric ton, while aluminum
#Aluminium

Aluminium

Symbol:
Aluminium
is 1.3% higher to $2,308.50 a ton. Gold
#Gold

Gold

Symbol:
Gold
meanwhile is up 0.5% to $1,887.60 a troy ounce. Metal prices in September have largely been mixed, with copper down 1.5% while aluminum has risen 4.8%, amid demand concerns. Analysts at BMI attribute this to weak Chinese
#China

China

Symbol:
China
demand and dollar strength keeping prices capped. "With the US dollar remaining strong, we see little scope for a strong rise in metal prices in the coming months, given their historical inverse relationship with the greenback," BMI adds in a note.
(yusuf.khan@wsj.com) (END) Dow Jones NewswiresSeptember 29, 2023 03:28 ET (07:28 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355
GLOBAL ENERGY ROUNDUP: MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

29 September 2023, 10:46

The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0746 GMT - Energy base effects are now driving uncertainty in French inflation, Pantheon Macroeconomics' Claus Vistesen says in a note after the country's consumer price index held steady in September. Energy and especially fuel prices offset easing prices for food and services, new data from the French statistics office showed Friday. The energy component of headline inflation is now more uncertain, Vistesen says; base effects suggests that the rate will drop in the coming two months before rising again in December, the economist says. (joshua.kirby@wsj.com; @joshualeokirby)0716 GMT -
Crude oil prices are inching higher, with the recent rally tempered overnight by worries of overbuying by traders. Brent crude and WTI are both 0.2% higher at $93.25 a barrel and $91.88 a barrel, respectively. Both benchmarks have had strong monthly gains, with the former up 7.3% and the latter close to 10%. However, prices late Thursday pulled back over worries that the oil had become overbought, according to ING. "There is likely reluctance amongst participants to push too much higher right now with the market clearly in overbought territory," ING says in a note. "There is also possible nervousness that OPEC+ and specifically Saudi Arabia could start to ease cuts earlier than scheduled if prices move much higher."
(yusuf.khan@wsj.com)(END) Dow Jones NewswiresSeptember 29, 2023 03:46 ET (07:46 GMT) Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

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Beiträge: 51.355

wicki99

DayTrader
Beiträge: 51.355

wicki99

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Beiträge: 51.355
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wicki99

DayTrader
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US OIL RIG-COUNT FALLS TO A NEARLY 20-MONTH LOW -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

29 September 2023, 20:19

1319 ET - The number of active, oil-targeted rigs in the US drops by another five in the latest week to 502, the lowest total since Feb. 4, 2022, according to oilfield services company Baker Hughes. The rig count has been declining for most of 2023, but the downtrend appeared to be starting to come to an end in early September, and analysts predicted that surging oil prices would be causing the rig-count declines to bottom out and then slowly rise. But this week's drop, along with a eight-oil-rig decline the previous week, suggests drillers are still much more likely to park rigs than to activate new ones. Natural gas rigs also fall, down by 2 to a 20-month-low 116.
(dan.molinski@wsj.com) (END) Dow Jones NewswiresSeptember 29, 2023 13:19 ET (17:19 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355

Kostolanys Erbe

RohstoffExperte
Ort: Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge: 11.109
Trades: 4
Monument Reports Fourth Quarter and Fiscal 2023 Results

2023-09-29 15:26 ET - News Release



VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its annual financial results for the year ended June 30, 2023. All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results).

Cathy Zhai, the President and CEO commented, “Fiscal 2023 was a milestone year for the Company with the gold sulphide project completed, and the flotation plant was put into production at the Selinsing Gold Mine in Malaysia. The commercial production has also been reached in August 2023 subsequent to the year end. It again demonstrates Monument has been able to deliver what’s been promised and now we are ready for the next corporate move.”

Fiscal Year 2023 Highlights:

  • Construction of the Selinsing sulphide flotation plant completed for a total cost of $18.2 million in line with the budget.
  • The overall performance of the plant reached over 90% of its designed capacities by June 2023.
  • Gold dore production ceased November 2022, first gold concentrate shipment commenced in June 2023.
  • Gold annual production combined two products:
    • Gold produced from the oxide CIL plant:
      • 3,926 ounces (“oz”) of gold produced (FY2022: 7,091oz);
      • 5,912 ounces (“oz”) of gold sold for $10.64 million (FY2022: 8,016oz for $14.44 million);
      • Average gold price realized at $1,800/oz (FY2022: $1,870/oz excluding gold prepaid delivery);
      • Cash cost per ounce gold sold at $1,622/oz (FY2022: $1,723/oz);
      • Gross margin increased to $1.06 million (FY2022: $0.63 million) and;
    • Gold produced from the sulphide flotation plant:
      • 6,849 ounces of gold produced (FY2022: nil ounce);
      • 1,148oz gold sold at average realized price of 1,949/oz for the estimated $1.74 million (FY2022: nil);
      • Cash cost per ounce for gold sold at $917/oz (FY2022: nil);
      • Gross margin at $0.69 million (FY2022: nil).
  • All-in sustaining cost (“AISC”) decreased to $1,722/oz (FY2022: $2,175/oz)
  • Murchison phase II exploration found gold mineralization expansion with 17.8g/t gold intercept. Economic study update resumed after March 2023.
Fourth Quarter Production Highlights:

  • The first 2,023 Dry Metric Tonne (”DMT”) concentrates sale has initiated in June 2023.
  • Gold produced from the sulphide flotation plant:
    • 4,409 ounces of gold produced (Q4 FY2022: nil ounce);
    • 1,148oz gold sold at average realized price of $1,949/oz for the estimated $1.74 million (Q4 FY2022: nil);
    • Cash cost per ounce for gold sold at $917/oz (Q4 FY2022: nil).
  • All-in sustaining cost (“AISC”) decreased to $1,567/oz (Q4 FY2022: $2,221/oz)
Fourth Quarter and Fiscal Year 2023 Production and Financial Highlights

......

https://www.stockwatch.com/News/Item/Z-C!MMY-3461696/C/MMY
 

wicki99

DayTrader
Beiträge: 51.355
OIL RISES ON TIGHTENING SUPPLY -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

2 October 2023, 10:22

0722 GMT - Oil prices are pushing higher as tightening fundamentals continue to provide support to key benchmarks. Brent crude is up 0.3% to $92.51 a barrel while WTI is 0.4% higher at $91.13 a barrel. Analysts at ING say the oil market remains well supported after the ICE Brent November contract expired at $95.31 a barrel on Friday, "which saw the oil market finishing the third quarter up a little more than 27%--its strongest performance since the first quarter of 2022." The market will be looking to the OPEC+ Joint Ministerial Monitoring Committee on Wednesday, the analysts say in a note. "The market will be eager to see if there are any signs of a change in the group's output policy, given the recent strength in the market."
(yusuf.khan@wsj.com) (END) Dow Jones NewswiresOctober 02, 2023 03:22 ET (07:22 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355
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wicki99

DayTrader
Beiträge: 51.355
WTI OIL FALLS BELOW $90, DOWN 1% AT $89.88 AHEAD OF ISM'S US MANUFACTURING REPORT
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas
 

wicki99

DayTrader
Beiträge: 51.355
#Kupfer

Kupfer

Symbol:
Kupfer
-future: eine wichtige unterstützung um 3.6300$ wurde getestet und intraday bestätigt. der markt schiebt daraufhin den kurs auf ein aktuelles th bei 3.7070$.

copper.PNG
#Kupfer

Kupfer

Symbol:
Kupfer
: wow, zieht sauber weiter. aktuelles th bei 3.7625$.
#Kupfer

Kupfer

Symbol:
Kupfer
-future: verrückt auch hier. vom th bei 3.7615$ geht nun zurück zur 3.6430$.
 

wicki99

DayTrader
Beiträge: 51.355
OIL FALLS AS US MANUFACTURING CONTRACTS FOR 11TH STRAIGHT MONTH -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

2 October 2023, 17:21

1021 ET - US crude futures erase earlier gains and fall below $90, down 0.9% to $89.95 a barrel after a monthly ISM report showed the US manufacturing sector, a major consumer of oil and other petroleum-based products, contracted for an 11th consecutive month in September. "The U.S. manufacturing sector continued its contraction trend but at a slower rate," says Timothy R. Fiore, chair of the ISM's Manufacturing Business Survey Committee. The monthly index came in at 49, and anything below 50 is considered contraction. The result was better than a 48 reading analysts were forecasting, and was also an improvement from August's 47.6, and may suggest a return to slight growth is in the cards for October.
(dan.molinski@wsj.com)(END) Dow Jones NewswiresOctober 02, 2023 10:21 ET (14:21 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355

Kostolanys Erbe

RohstoffExperte
Ort: Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge: 11.109
Trades: 4
Arizona Sonoran acquires new permit at Parks/Salyer

2023-10-03 09:54 ET - News Release



Mr. George Ogilvie reports

ARIZONA SONORAN COMPLETES PARTIAL REZONING OF MAINSPRING AND OBTAINS NEW MINERAL EXPLORATION PERMIT FOR 2.5 ACRES


The City of Casa Grande has approved the rezoning for the northern parcel of Arizona Sonoran Copper Company Inc.'s MainSpring property (Parks/Salyer South) to industrial use. Rezoning the northern parcel allows Arizona Sonoran Copper Company to begin drilling and an exploration plan is being prepared. The southern parcel of Parks/Salyer South is still in process with the City of Casa Grande for rezoning and a General Plan Amendment. Additionally, the Company has acquired a 2.5 acre Mineral Exploration Permit ("MEP") within the Parks/Salyer deposit. By acquiring the MEP and Parks/Salyer South, ASCU gains a low-risk, high impact exploration target and operational flexibility for future operations.

As a recap, the Parks/Salyer mineral resource contains a total of 2.9 billion pounds at a grade of 1.015% Copper, inferred, (for mineral resource disclosures, please see PR dated Sept 28, 2022 ), and is currently bounded at the Parks/Salyer border (see FIGURE 1 ). The Company is expecting to issue an updated mineral resource update on the entire Cactus Project, inclusive of Parks/Salyer in Q4 2023.

The 2.5 acre MEP situated at the southern border of the Parks/Salyer deposit, was received from Arizona State Lands. The parcel is located at the intersection of Parks/Salyer, Bronco-Creek and the Parks/Salyer South properties (see FIGURE 2 ). The MEP also allows improved access to mineralized material and eliminates the potential of sterilization related to mine planning activities adjacent to this parcel.

Travis Snider, VP Sustainability and External Relations commented, "Our team is appreciative of the ongoing support from the city of Casa Grande and our Stakeholders in every step of redeveloping the Cactus Mine. Rezoning the north parcel continues to open up new land at Cactus for future operations, and adds the potential for incremental mineral resource growth."

About Arizona Sonoran Copper Company ( www.arizonasonoran.com | www.cactusmine.com )

ASCU's objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company's 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.


https://www.stockwatch.com/News/Item/Z-C!ASCU-3462545/C/ASCU
 

wicki99

DayTrader
Beiträge: 51.355
valero energy corp.: seit 3 handelstagen massiv unter druck. aktuell am tt bei 132.36$. die shorties könnten bei der übermacht auch noch den sma200 und den support um 125$ ansteuern ...

vlo.PNG
 

wicki99

DayTrader
Beiträge: 51.355
WTI OIL CLIMBS HIGHER, BRENT SPREAD TIGHTENS -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

3 October 2023, 18:48

1148 ET - Front-month US crude futures erase some earlier declines and climb 1% to $89.73 a barrel, while the global benchmark Brent rises a more modest 0.5% to $91.12. That puts the spread between the two major benchmarks at just $1.39, which is much narrower than the spread of roughly $3 to $4 seen during the summer, and as high as $7 in early 2023. If the tightening spread is sustained, it could have the effect of curbing US crude-oil exports, as shale producers would become less competitive in global markets since they'd tougher time making a profit on overseas sales once shipping costs are included.
(dan.molinski@wsj.com) (END) Dow Jones NewswiresOctober 03, 2023 11:48 ET (15:48 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 

wicki99

DayTrader
Beiträge: 51.355
OIL STOCKS FALL AS SUMMER SURGE BEGINS TO DEFLATE -- MARKET TALK
#Oel/Gas

Öl + Gas

Symbol:
Oel+Gas

4 October 2023, 16:52

0952 ET - Shares in oil companies saw impressive gains during the summer that returned energy to most-favored-sector status, especially as oil prices began to zoom toward $100 a barrel in late September. But crude prices are falling sharply this week, and that's sending oil stocks lower as well, with Chevron down 2.4%, exchange-traded energy sector fund XLE off 2.6%, oilfield services firm Halliburton down 2.7% and shale firm EOG 2.9% lower. "Fears over demand factors are creeping back in the market place," says Spartan Capital's Peter Cardillo in a note on crude markets. "Global macroeconomic headwinds and rising yields [suggest] the price of oil may have reached a short- term peak."
(dan.molinski@wsj.com)(END) Dow Jones NewswiresOctober 04, 2023 09:52 ET (13:52 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.
 
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