A rush of buying has led to some highly overvalued oil stocks.
There’s more OPEC news today after the 12-nation oil cartel announced again that it will not be cutting production in the face of falling oil prices.
According to Money Morning’s Global Energy Strategist Dr. Kent Moors, these actions will spell the…
This crude oil chart shows just how hard the steady oil price slump has hit OPEC countries.
Oil is the foundation of OPEC countries’ economies. Their budgets feel a tremendous strain when crude oil prices fall as dramatically as they have.
In a highly publicized meeting last month, OPEC announced it would maintain high production levels in an attempt to disrupt U.S. shale oil producers.
But the OPEC oil price war simply won’t work says Money Morning’s Global Energy Strategist Dr. Ke…
Crude oil prices tanked more than 3% today (Tuesday)
Tesla earnings will be reported after the bell today (Thursday) and analysts are expecting Tesla Motors Inc. (Nasdaq: TSLA) to report earnings per share (EPS) of $0.04 on revenue of $810.6 million.
WTI crude oil prices for September delivery were down $1 today (Tuesday) to $100.67 per barrel, while Brent crude dropped $0.17 to $107.39 per barrel, despite the fact that geopolitical tensions in the Middle East and Russia remain.
The Synchrony IPO will take place on Thursday, and it’s expected to raise approximately $3.1 billion. That would easily make it the largest IPO of 2014 so far, outpacing the $2.6 billion raised by Ally Financial Inc. (NYSE: ALLY) from April.
In December of 1999, Radioshack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
The Dow Jones Industrial Average has been viewed as a barometer for the U.S. stock market’s performance since it was created on May 26, 1896.