From Matthew DiLallo: What happened
From Robert Rapier : Yesterday the price of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark, fell 4.8% to a 17-month low. The closing price, $45.88/bbl, marks a stunning fall from a price that closed at $76.40/bbl on October 3rd.
From Stephanie Kelly: NEW YORK (Reuters) – Oil prices rose about 3 percent on Wednesday, recovering somewhat from a sharp sell-off during the previous session, after U.S. data showed strong demand for refined products.
From Tom DiChristopher: Oil prices sink to a 15-month low below $47 a barrel, extending the previous session’s selling.
From Natasha Turak : A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel.
From ETF Channel: In trading on Thursday, shares of the Oil Services ETF (Symbol: OIH) entered into oversold territory.
From ETF Channel: Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price and computed the weighted average implied analyst target price for the ETF itself.
From Justin Spittler: Oil stocks are ripping. The Energy Select Sector SPDR ETF (XLE), which invests in 32 large U.S. oil and gas companies, is up 13% since mid-August.
From Zacks: A lot has been said about oil price recovery over the last few months. Oil prices, in fact, recovered in late 2016 following the OPEC output cut deal signed in November.
NYSE:COP, NYSE:CVX, NYSE:XOM
NYSE:CVX, NYSE:COP, NYSEARCA:XLE
NYSE:SDRL, NYSE:RIG, NYSE:BHI, NYSE:BP