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The Latest Breaking News on Markets

The Rare ‘A-Rated’ Stock Based on POWR Rating

Energy company CrossAmerica Partners (CAPL) delivered a robust bottom-line performance in the last quarter and fiscal year 2022. Given the rising oil prices and rosy prospects of the energy industry, CAPL might be a solid buy. The stock is rated an A (Strong Buy) in our proprietary rating system. Keep…

StockNews.com

Voluntary Oil Production Cut: Decision to Balance Demand, Production Levels

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

Asharq Al-Awsat

Asian shares mixed as surging oil prices fan inflation fears

Shares are mostly higher in Asia as investors watch for the latest moves by central banks

The Independent UK

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Yellen says OPEC+ cut ‘unconstructive’ as world fights inflation

U.S. Treasury Secretary Janet Yellen criticized the decision by OPEC+ oil producers over the weekend to cut output, saying it was “unconstructive” and would add to the uncertainty overhanging global growth.

Tribune News Service

Reserve Bank flags 'further tightening' to tame inflation after leaving interest rates on hold at 3.6pc, ASX closes higher

The Reserve Bank has left interest rates on hold at 3.6 per cent, but says some further tightening of monetary policy may be needed, while the Australian share market hit a fresh three-week high.

ABC News

Stock Market Today: Stocks Finish Mixed After Surprise OPEC+ Announcement

The Organization of the Petroleum Exporting Countries and its allies over the weekend announced a surprise cut to crude production.

Kiplinger

Oil Prices Rise Sharply Following OPEC Announcement

In total, cutbacks in production will be over one million barrels a day. Because of these announced cutbacks, the global benchmark of oil prices, Brent crude, had a 5.31% increase in cost, rising to $84.13 a barrel. The U.S. benchmark, WTI, surged to $79.83 a barrel, a 5.48% increase.

Kiplinger

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Is It Time to Buy, Sell or Hold These 3 Steel Stocks?

As U.S. steel sentiment hits a new high this year due to increased finished prices, the steel sector is poised to stay afloat amid macro uncertainties. Is it the right time to buy, sell, or hold Friedman Industries (FRD), Aqua Metals (AQMS), and Companhia Siderúrgica Nacional (SID)? Let’s discuss….

StockNews.com

Why are oil prices rising and what does it mean for inflation?

All you need to know about the Opec+ decision to cut production and the potential knock-on effects

The Guardian - UK

Reducing Oil Production: A New Pillar to Support Global Economic Conditions

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Asharq Al-Awsat

Oil prices surge after Opec+ production cuts

Shell and BP saw their share prices rise following a jump in the price of oil.

The Independent UK

Oil price surges after surprise Opec+ production cut

Move by world’s largest producers likely to unsettle western nations grappling with inflation

The Guardian - UK

OPEC+ slashes output on global recession fears; Australian motorists to be spared Easter pain

Australians hitting the road this Easter are likely to be spared any immediate hit from a bid by the global oil cartel to boost sagging prices.

ABC News

Oil prices soar on producer output cuts; Asian shares mixed

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

The Independent UK

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Zenger

OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here’s How It Could Really Affect You.

OPEC+ announced an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows

ABC News

Oil prices surge after OPEC+ surprises the market with supply cuts, ASX rises to three-week high

Australian shares rise to their highest level in three weeks, while oil prices surge after a surprise decision by Saudi Arabia and OPEC nations to cut production by more than 1 million barrels per day, and Scott's Refrigerated Logistics is now in liquidation.

Tribune News Service

OPEC+ makes shock million-barrel cut in new inflation risk

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

StockNews.com

Three Valid Reasons To Say "Give Puts A Chance"

With apologies to John Lennon and the Plastic Ono Band for the title of the article on VXN and QQQ puts.

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news in one place.

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Tribune News Service

OPEC+ makes surprise 1 million-barrel oil production cut

OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning previous assurances that it would hold supply steady to maintain a stable market.

StockNews.com

When Will the Stock Market Balloon Pop Again?

There is a time honored theory that the stock market (SPY) is quite like a helium balloon. Discover what that means for what stocks are doing now and in the months ahead. Read on below for the full story….

StockNews.com

2 Oil Stocks Gassing up to Push Farther Ahead

Although fears of an economic downturn have considerably heightened, constrained oil supply and increased demand for oil and gas could create a sustained tailwind for the energy sector. Given this backdrop, the strong fundamentals of Cheniere Energy Partners (CQP) and CrossAmerica Partners (CAPL) might make them ideal buys now. Read…

The Independent UK

Global stocks rise as anxiety over banks starts to fade

Global stocks have risen after anxiety about the global financial system began to fade following three high-profile bank failures

The Independent UK

New California gas price law another defeat for oil industry

California Gov. Gavin Newsom is planning to sign a new law that could penalize oil companies for making too much money

Asharq Al-Awsat

Oil Markets Steady as Investors Weigh Banking Crisis, Russia

Oil prices stabilized in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of…

StockNews.com

Don't Miss the Momentum on These 4 Energy Stocks

With indications of a more considerate monetary stance from the Fed, energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), Halliburton (HAL), and NexTier Oilfield Solutions (NEX) could be attractive investments to benefit from an expected uptick in energy prices. Continue reading….

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