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Crude oil prices rallied during the week.
More from Action Forex Forecasts & Analysis:
While the outlook for crude oil next week is bearish, especially as China is imposing a 10% tariff on crude oil exports from the US for the first time, the recent ~14% price slump since July 11 may well slow further ...
More from Middle East North Africa Financial Network (MENAFN):
ETF Trends 08/23/2019 16:36
A 5% tariff on crude oil was not expected in my opinion,” Stewart Glickman, energy analyst at CFRA Research, told MarketWatch.
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Benzinga 08/23/2019 12:49
Midway through trading Friday, the Dow traded down 1.73% to 25797.95 while the NASDAQ fell 2.17% to 7818.33. The S&P also fell, dropping 1.8% to 2870.40. Leading and Lagging Sectors. Utilities shares slipped by just 0.3% on Friday. Meanwhile, top gainers in the sector included UGI Corporation (NYSE: ), up 1%, and NextEra Energy, Inc. (NYSE: ), up 0.5%. In trading on Friday, information technology shares fell 2.4%. Top Headline. Foot Locker, Inc. (NYSE: ) reported worse-than-expected second-quarter results. The company reported second-quarter earnings of 66 cents per share, which missed the analyst consensus estimate of 67 cents. Foot Locker reported quarterly sales of $1.774 billion, which missed the analyst consensus estimate of $1.82 billio.
More from Benzinga:
Brownfield Network 08/23/2019 09:07
The trade tensions between the U.S. and China are escalating. Friday morning, China’s Ministry of Commerce announced new tariffs on. $75 billion of imported goods from the U.S. Bloomberg says that includes an additional 5% tariff on U.S. soybeans,. bringing the total tax to 30%, and another 5% on U.S. crude oil, both beginning. September 1st, along with the renewal of the 25% tariff on U.S. cars, starting. December 15th. The move is in response to President Trump’s planned 10% duties on. another $300 billion of imports from China, effectively taxing everything the. U.S.
AllAfrica News (Africa) 08/23/2019 08:28
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil were produced in the country in 2017.
More from AllAfrica News (Africa):
Although the United States has been producing record levels of domestic crude oil, it continues to import crude oil because of variations in crude oil quality.
More from U.S. Energy Information Administration (EIA):
Drillinginfo 08/22/2019 14:27
US crude oil stocks posted a decrease of 2.7 MMBbl from last week.
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Egypt Oil & Gas 08/22/2019 04:26
Egypt’s petroleum sector is planning to boost crude oil production by 40,000-50,000 barrels per day (b/d) during the fiscal year (FY) 2019-20, an official source in the Egyptian General Petroleum Corporation (EGPC) told Amwal Al Ghad reported.
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Economic Times (India) 08/22/2019 04:09
Crude oil for delivery in September was trading lower by Rs 21, or 0.52 per cent, at Rs 3,994 per barrel with a business volume of 24,858 lots on the Multi Commodity Exchange (MCX.
More from Economic Times (India):
OilPrice.com 08/22/2019 04:00
The US will sell another 10 million barrels of sour crude oil, the Department of Energy said on Wednesday in a Notice of Sale, according to S&P Global Platts.
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