Jim Cramer’s Investing Club meeting Monday: Stocks rise, watching oil
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stocks start the week up…
JPMorgan suggests this tactical energy stock trade as oil prices drop
JPMorgan equity strategists recommend a tactical trade out of energy stocks because the sector has gained 60% so far this year and crude oil prices are now lower in 2022.…
Gasoline is cheaper now than a year ago — and could fall below $3
A Sheetz customer gets gasoline at a gas station in Plains, Pennsylvania, U.S. October 19, 2022. Aimee Dilger | Reuters Gasoline prices are now cheaper across the U.S. than they…
China’s reopening may be bigger for oil prices than Russian price cap
China’s reopening after the pandemic will be a bigger driver for oil prices than the cap on Russian oil, Singapore Minister of Foreign Affairs Vivian Balakrishnan told CNBC on Tuesday.…
Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty…
Jim Cramer’s Investing Club meeting Monday: Oil sale, Starbucks
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Trimming HAL SBUX downgrade LLY…
Oil output cuts on the table ahead of Russia sanctions
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg |…
With crude prices rising but the energy sector down, we're buying this oil stock into weakness
The price of a barrel of West Texas Intermediate (WTI) crude oil jumped Wednesday by more than $2, to $80, even as oil stocks fell. Source link: https://www.cnbc.com/2022/11/30/crude-prices-rising-energy-sector-down-buying-oil-stock-into-weakness.html
Goldman Sachs sees ‘high probability’ of OPEC+ production cut
A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according…
Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus
Hong Kong on pace for best month since April 1999 Hong Kong’s Hang Seng index is on pace to post its best month since April 1999, when the index gained…