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Exxon CEO Now a Contender for Secretary of State
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Exxon CEO Now a Contender for Secretary of State 2:31
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Dakota Pipeline Permit Denial: Tribal Chairman Speaks Out 8:19
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As Protests Continue Obama Takes Action on Dakota Pipeline 0:41
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High Oil Prices Could Deal Another Blow to Asia Demand 1:09
1:07 p.m. Today1:07 p.m. Dec. 5, 2016
- By Mark DeCambre
Oil prices log highest settlement since July 2015 WTI briefly tops $52 a barrelOil futures on Monday end at a more than one-year high, but off its highest levels of the session, as the industry continues to wrestle with the details surrounding OPEC’s historic agreement to cut production.
12:46 p.m. Today12:46 p.m. Dec. 5, 2016
- MarketWatch
Kinder Morgan sees $3.2 billion capital budgetKinder Morgan Inc. unveiled a preliminary capital-spending budget of $3.2 billion for expansion programs next year and said it would raise its dividend in 2018. The pipeline company said it expects to generate cash flow in excess of its investment needs in 2017 as projects in its $13 billion backlog continue to be placed into service, with a significant portion of the additional cash earmarked for a 2018 dividend increase.
12:36 p.m. Today12:36 p.m. Dec. 5, 2016
- By Kris Maher
Victory by Dakota pipeline protesters may be short-lived Trump spokesman says administration backs project’s completionA day after the Obama administration put the brakes on a Midwest oil pipeline by denying a permit needed to finish the route, a spokesman for President-elect Donald Trump said the incoming administration supports completing the project.
9:46 a.m. Today9:46 a.m. Dec. 5, 2016
- By Mark DeCambre
Oil logs modest gain to extend OPEC-fueled rallyOil futures settled in the green Monday, but pared a firmer rise, as the industry continues to enjoy a bounce inspired by OPEC's historic agreement to cut production. Crude-oil futures traded in positive territory throughout much of the session after shaking off concerns about Italy's rejection of a vote on existing rules to its constitution that resulted in the resignation of Italian Prime Minister Matteo Renzi. Some energy strategists, however, expressed doubts over the ability of the Organization of the Petroleum Exporting Countries and other major oil producers to follow through on plans on complying with and enforcing limits on oil output. West Texas Intermediate crude oil ended up 11 cents, or 0.2%, higher at $51.79 a barrel, but the contract had traded as high as $52.42 a barrel early in New York.
Oil pares early gain to settle up 0.2% at $51.79/bbl.
9:34 a.m. Today9:34 a.m. Dec. 5, 2016
9:16 a.m. Today9:16 a.m. Dec. 5, 2016
- By Myra P. Saefong
Why U.S. shale producers are the biggest winner from OPEC’s oil deal ‘Oil prices are truly on course for a recovery’: analystThe oil market cheered the decision by oil producers to cut back on output, but the true winner may be the U.S. shale oil industry.
7:51 a.m. Today7:51 a.m. Dec. 5, 2016
- MarketWatch.com
The time has come to take profits from the oil tradeAll bullish turns must come to an end, and we feel that the OPEC-related move in oil and oil-related stocks may finally be coming to an end.
7:00 a.m. Today7:00 a.m. Dec. 5, 2016
- By MarketWatch
Big Oil is in decline, and the OPEC deal can’t rescue itInvestors should be wary of thinking a recovery in oil prices is a sign that majors like Chevron and Exxon are back, says Jeff Reeves.
6:54 a.m. Today6:54 a.m. Dec. 5, 2016
- By Tomi Kilgore
Chesapeake Energy’s stock jumps after $450 million asset sale deal Chesapeake’s stock rallied to a near 3-month high, and was the second-most actively traded on U.S. exchanges.Chesapeake Energy’s stock surged to a near 3-month high in active trade after the oil-and-gas company said it took in $450 million from more land and property sales.
6:51 a.m. Today6:51 a.m. Dec. 5, 2016
- By Shawn Langlois
Ciao, euro! Global markets gird for the next wave of global populism Critical information for the U.S. trading dayAnother wave of global populism is poised to spill all over markets this week after the Italian referendum on constitutional reform was voted down, leaving Prime Ministor Matteo Renzi to announce his resignation and casting Italy’s future in doubt.
6:32 a.m. Today6:32 a.m. Dec. 5, 2016
- By Michael Ashbaugh
Dow extends break to uncharted territory, S&P holds the 2,190 breakout point Focus: Consumer discretionary, XLY, JBLU, LOW, SIG, IP, EXELU.S. stocks are firmly higher early Monday, rising amid a persistent crude-oil price spike and despite the defeat of Italy’s constitution-reform referendum. Against this backdrop, the S&P 500 has rallied from the 2,190 breakout point, while Dow Jones Industrial Average has extended its break to record territory.
6:26 a.m. Today6:26 a.m. Dec. 5, 2016
- By Jeffry Bartash
U.S. businesses growing at fastest pace in a year, ISM services survey finds ISM index rises to 57.2% from 54.8% in November; hiring strong The service side of the U.S. economy that employs the vast majority of Americans grew in November at the fastest pace in a year, with most companies reporting that business is steady.
5:12 a.m. Today5:12 a.m. Dec. 5, 2016
- By Tomi Kilgore
Chesapeake Energy's stock jumps in active trade after $450 million asset sales dealShares of Chesapeake Energy Corp. surged 2.9% in active morning trade Monday, after the oil and gas company announced $450 million in asset sales. Trading volume of 17.7 million shares makes the stock the second-most active on the major U.S. exchanges. The company said it reached a deal to sell a portion of the acreage and properties in its Haynesville Shale area in northern Louisiana, including 78,000 net acres, to a private company. Chesapeake said it has now reached $2 billion in gross proceeds from asset sales, as part of its long-term target to reach $2 billion to $3 billion in debt reduction. Analyst Neal Dingmann reiterated his buy rating on the company, saying the deal should help the company reach its leverage goals. "Our thesis remains that the company's massive acreage position...ensures adequate upcoming liquidity/leverage growth," Dingmann wrote in a note to clients. The stock
4:40 a.m. Today4:40 a.m. Dec. 5, 2016
- By Mark DeCambre
Dow opens at record as oil rally helps Wall Street shake off Italy's referendumThe Dow industrials on Monday opened at an all-time high as crude-oil prices extended last week's OPEC-inspired rally, and as investors dismissed concerns about the outcome of Italy's referendum on Sunday. The Dow Jones Industrial Average rose 85 points, or 0.5%, at 19,260, the S&P 500 index began trade 9 points, or 0.4%, higher at 2,201, while the Nasdaq Composite Index advanced 27 points, or 0.5%, at 5,282. On Sunday, Italian Prime Minister Matteo Renzi announced his resignation after a vote to reform existing rules that might make it easier for euroskeptics to take power in the country was rejected. The rejection of the referendum raises questions about the shared European currency, the euro, which roiled markets earlier in the New York day. But the resumption of crude-oil futures climb, after the Organization of the Petroleum Exporting Countries reached a pact last week to curb production, has helped to lift appetite for assets perceived as risky, like stocks. On the corporate side, shares of Visa led the Dow industrials in early trade, while UnitedHealth Group Inc. shares were the biggest laggards among blue-chip names.
3:15 a.m. Today3:15 a.m. Dec. 5, 2016
- By Jeff Reeves
Big Oil is in decline, and the OPEC deal can’t rescue it Don’t bet that a recovery in oil prices signals a comeback for oil giants Chevron and Exxon MobilInvestors should be wary of thinking a recovery in oil prices is a sign that majors like Chevron and Exxon are back, says Jeff Reeves.
4:08 p.m. Dec. 4, 2016
- By Quentin Fottrell
5 blue-collar jobs that pay $100,000 a year President-elect Donald Trump’s campaign appealed to manual workersPresident-elect Donald Trump’s campaign appealed to manual workers.
11:04 a.m. Dec. 4, 2016
- By Carol E. Lee
Exxon CEO emerges as a contender for Donald Trump’s secretary of state President-elect widens circle of candidates for top diplomatic job and will interview more prospectsPresident-elect Donald Trump is widening the circle of candidates for secretary of state and will interview more prospects this week, transition officials said, a sign that after multiple meetings with high-profile hopefuls he still isn’t sold on who he wants as the nation’s top diplomat.
3:59 a.m. Dec. 4, 2016
- By Maria LaMagna
The secret to staying young is broccoli and cabbage Scientists have found anti-aging properties in produce including broccoli and avocadosScientists have found anti-aging properties in produce including broccoli, cabbage and avocados.
3:58 a.m. Dec. 4, 2016
- By Maria LaMagna
Why it’s now cheaper to wire money abroad Having more options has benefited consumersHaving more options has helped consumers.
9:18 a.m. Dec. 3, 2016
- By Mark DeCambre
Trump just unleashed the stock market’s ‘animal spirits’ Crude oil joins the Trump party on Wall Street; Dow industrials and S&P 500 both touched new all-time highs in Wednesday trade, extending a record run for equitiesSteve Barrow, currency and fixed-income analyst at Standard Bank, said in a Wednesday research note “whatever fears might exist in some quarters about Trump’s win, some sort of animal spirits might have been spurred.”
7:00 a.m. Dec. 3, 2016
- By MarketWatch
The Trump rally in the stock market may be turning into a bubble Donald Trump has made stocks great again, prompting warnings that the market is getting too bubbly, setting up investors for a big disappointment in coming weeks.
3:16 a.m. Dec. 3, 2016
- By Sara Vakhshouri
How the OPEC deal breaks down for 3 big producers Saudi Arabia is the big winner in new OPEC output cut; what about Iran and Russia?Saudi Arabia is the big winner in new OPEC output cut. What about Iran and Russia?
10:51 a.m. Dec. 2, 2016
- By Myra P. Saefong
Oil scores weekly gain of over 12% on back of OPEC pact WTI crude marks a third-straight session gainOil futures finish higher Friday, scoring a weekly gain of more than 12% as traders weigh the potential for the success of OPEC’s output deal.
10:50 a.m. Dec. 2, 2016
- By Robert Powell
Investments for retirementUS Commodity Funds has filed with the Securities and Exchange Commission for a leveraged exchange-traded fund investing in oil.
Jan. WTI oil gains 62 cents, or 1.2%, to settle at $51.68/bbl
9:40 a.m. Dec. 2, 2016
WTI oil futures up more than 12% for the week
9:40 a.m. Dec. 2, 2016
9:09 a.m. Dec. 2, 2016
- By Myra P. Saefong
Oil trades near session highs as U.S. extends sanctions on IranOil futures climbed toward the , buoyed by news that the U.S. Senate has approved a bill that will extend sanctions against Iran's missile development and weapons program that was not part of last year's nuclear pact. President Barack Obama is expected to sign the bill. "It is clear that this will not help positive developments in U.S. and Iranian relations," said Troy Vincent, oil analyst at ClipperData. And "the potential for deterioration in U.S.-Iran relations puts the future of Iranian crude exports in question once again," he said. January West Texas Intermediate crude rose 54 cents, or 1.1%, to $51.60 a barrel on the New York Mercantile Exchange, near the day's high of $51.66.
8:26 a.m. Dec. 2, 2016
- By Myra P. Saefong
Baker Hughes reports increase in weekly U.S. oil-rig countData from Baker Hughes Friday for oil climbed by 3 to 477 rigs this week. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose 4 to 597, according to Baker Hughes. January crude was up 25 cents, or 0.5%, to trade at $51.31 a barrel on the New York Mercantile Exchange. It was trading at around $51.36 .
Baker Hughes: U.S. weekly active oil-rig count up 3 to 477
8:19 a.m. Dec. 2, 2016
Jan. WTI oil trades at $51.30/bbl vs. $51.36 before rig data
8:19 a.m. Dec. 2, 2016
Baker Hughes: U.S. total weekly active drilling-rig count up 4 at 597
8:19 a.m. Dec. 2, 2016
7:58 a.m. Dec. 2, 2016
- By Philip van Doorn
Weekend roundup: Italy’s threat to the EU | Low-paid women | OPEC’s surprise Here are MarketWatch articles to read this weekendHere are MarketWatch articles to read this weekend.
7:09 a.m. Dec. 2, 2016
- By Carla Mozee
FTSE 100 ends at 3-week low as mining, oil shares pull back Pound still holding above $1.26Stocks in the U.K. are falling Friday, with losses for commodity shares contributing to pushing the benchmark FTSE 100 to the lowest close since Nov. 11.
7:02 a.m. Dec. 2, 2016
- By Carla Mozee
Stoxx Europe 600 drops to 2-week low as Italy’s referendum looms ‘Stay away from euro pre-Italian vote,” says strategist Stocks in Europe on Friday rounded off a losing week as investors braced for Italy’s constitutional-reform referendum.
6:47 a.m. Dec. 2, 2016
- By Michael Ashbaugh
S&P 500 nails the 2,190 breakout point, survives initial retest Focus: Bellwether tech names press the 200-day average, 10-year yield and financials take flight, GOOGL, INTC, CSCO, FB, TNX, XLF, KREU.S. stocks are flattish early Friday following a soft monthly jobs report that may still provide cover for a Federal Reserve December rate hike. Against this backdrop, the S&P 500 has effectively nailed its breakout point — S&P 2,190 — rising from a successful test of first support.
5:58 a.m. Dec. 2, 2016
- By Philip van Doorn
17 undervalued small-cap stocks to consider as markets rally Small-cap indices have soared since Trump’s election, but there are still quality bargains to be hadSmall-cap indices have soared since Trump’s election, but there are still quality bargains to be had, says Phil van Doorn.
1:22 a.m. Dec. 2, 2016
- By Ese Erheriene
Nikkei pulls back from yearly high as Trump effect fades Yen strengthens; tech stocks decline Asian shares ended broadly lower Friday, as equity markets indicate the ‘Trump trade’ could be overdone.
10:41 p.m. Dec. 1, 2016
- By Carmen Reinhart
Investors pulling capital out of Italy ahead of referendum Necessary adjustments are tricky when you don’t control your currencyItalians will be voting on constitutional reforms, but investors are already voting by pulling capital out of Italy, writes Carmen Reinhart.
10:27 p.m. Dec. 1, 2016
- By Myra P. Saefong
Gasoline prices could jump back to summertime levels thanks to OPEC Drivers could pay $2.30/gal or more for gas at ChristmasGasoline prices at the pump could climb back to levels not seen since the summer driving season, thanks to OPEC.
10:10 p.m. Dec. 1, 2016
- By Victor Reklaitis
Why the stock market’s failure to launch after the OPEC deal is ‘ominous’ We’re stuck with a market that ‘won’t rally on bullish news’There are few things more ominous than a market that can’t rally on good news, because such a market indicates that we are running out of new buyers, says trader Jani Ziedins in a post at his CrackedMarket blog.
