ICE Brent Crude (Jun'22)
Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says
CNBC’s Jim Cramer on Friday advised investors to pick up shares of Canadian oil producer Suncor Energy, but only if they’re confident oil prices will stay elevated. Cramer’s comments come after activist investment firm Elliott Management, which holds a 3.4% stake in Suncor, called for the firm to shuffle its management and take other measures […]
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Goldman says oil and gas investment is about to boom, and names the stocks to cash in
In its annual review of oil and gas projects, Goldman names several energy stocks it expects to be “winners.” Source
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Asia-Pacific stocks set to open lower after Wall Street sell-off
SINGAPORE — Shares in Asia-Pacific are expected to open lower on Monday following a sell-off on Wall Street on Friday. The Nikkei futures contract in Chicago was at 26,705 while its counterpart in Osaka was at 26,710. That compared against the Nikkei 225’s last close at 27,105.26. Australia and New Zealand markets are closed on […]
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Shares in Asia-Pacific edge higher as investors monitor Covid in China, yen moves
SINGAPORE — Shares in Asia-Pacific edged higher in Thursday morning trade as investors continue to watch China’s Covid situation along with moves in the Japanese yen. The Nikkei 225 in Japan gained 0.39% while the Topix index advanced 0.23%. South Korea’s Kospi climbed 0.31%. Over in Australia, the S&P/ASX 200 nudged fractionally higher. MSCI’s broadest […]
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Richard Branson says individuals, governments should cap their energy use to help end the war in Ukraine
Virgin Group founder Richard Branson on Wednesday called on individuals and governments to cap their driving speeds and turn down their heating in a bid to reduce reliance on Russian energy and bring about an end to the war in Ukraine. The billionaire entrepreneur told CNBC that small personal sacrifices could reduce demand for Russian […]
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Asia stocks decline as investors react to mixed Chinese economic data
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
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Asia-Pacific stocks mixed; Australia’s March jobs data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors look ahead to the release of Australian jobs data for March. The Nikkei 225 in Japan climbed 0.55% in morning trade while the Topix index advanced 0.37%. In Australia, the S&P/ASX 200 rose 0.23%. Australian jobs data for March is due at […]
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Asia-Pacific stocks mixed after hot U.S. inflation report; China’s trade data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors watched for market reaction to the release of a slightly hotter-than-expected U.S. inflation report. China’s trade data for March is also expected at 11:00 a.m. HK/SIN today. Chinese stocks traded in negative territory ahead of the trade data release, as concerns around […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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Shares in Asia-Pacific mixed as investors await China inflation data
SINGAPORE — Shares in Asia-Pacific were mixed Monday morning as investors look ahead to the release of Chinese inflation data for March. The Nikkei 225 in Japan slipped 0.61% in early trade while the Topix index shed 0.35%. South Korea’s Kospi dipped 0.47%. Australia’s S&P/ASX 200 climbed 0.1%. MSCI’s broadest index of Asia-Pacific shares outside […]
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