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September 26, 2021

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Crude oil holds below key $70 level after sharp sell-off. Why one trader thinks this is just a ‘hiccup’

CNBC
CNBC – For more and to sign up click here Crude oil held below $70, a key psychological level, on Tuesday. The oil market bore the brunt of a major sell-off on Wall Street to begin the week with the spread of the Covid delta variant raising fears of a......

Jim Cramer says the stock market will bottom after speculators find the exit

CNBC
CNBC – For more and to sign up click here The market euphoria is coming to an end after Wall Street was overtaken by rampant speculation, CNBC’s Jim Cramer declared after stocks fell hard Monday. “Once the speculators are blown out … and the stocks that are already down huge......

Stocks making the biggest moves midday: Boeing, Carnival, Goldman Sachs and more

CNBC
CNBC – For more and to sign up click here Employees work in the cargo hold of a Boeing 737 MAX 9 test plane outside the company’s factory, on March 14, 2019 in Renton, Washington. Stephen Brashear | Getty Images News | Getty Images Check out the companies making headlines......

U.S. oil drops 6% to below $70 as OPEC prepares to boost production, Covid concerns weigh

CNBC
CNBC – For more and to sign up click here Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Joaquin Valley. George Rose | Getty Images News | Getty Images West Texas Intermediate crude......

OPEC+ oil deal sends prices lower — and this could be a buying opportunity

CNBC
CNBC – For more and to sign up click here Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices fell nearly 1% on Monday morning during Asia hours after OPEC and......

OPEC+ deadlock is bad news for oil producers, consumers and energy transitions, IEA warns

CNBC
CNBC – For more and to sign up click here Oil derrick pumps operate at the Inglewood Oil Field in Culver City, California, on Sunday, July 11, 2021. Kyle Grillot | Bloomberg | Getty Images LONDON — The International Energy Agency on Tuesday warned that world oil markets are likely......

Stock futures tick higher after S&P 500, Nasdaq notch fresh records

CNBC
CNBC – For more and to sign up click here People walk by the New York Stock Exchange on April 15, 2021 in New York City. Spencer Platt | Getty Images Futures contracts tied to the major U.S. stock indexes inched higher at the start of overnight trading Wednesday after......

Stocks making the biggest moves in the premarket: Devon Energy, Didi, Sunnova, Whirlpool & more

CNBC
CNBC – For more and to sign up click here A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Take a look at some of the biggest movers in the premarket. Devon Energy, Occidental Petroleum — Energy stocks......

OPEC discord could unleash a new level of volatility in oil market

CNBC
CNBC – For more and to sign up click here Disagreement within OPEC could trigger a more a volatile period for oil, with prices jumping on lack of new supply or sinking suddenly if member countries decide to release crude independently. Oil prices initially surged to a six-year high on......

Tilman Fertitta expects consumer spending to stay strong even as Covid stimulus boost fades

CNBC
CNBC – For more and to sign up click here Landry’s Chairman and CEO Tilman Fertitta told CNBC on Tuesday he expects consumer spending to remain strong throughout the rest of 2021, even as the initial boost provided by Covid stimulus earlier this year fades.  In an interview on “Power......

Why some could see $5 per gallon gas after OPEC talks stall: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com’s Pippa Stevens explains what brought OPEC talks to a standstill and what it means for your wallet. Plus, shares of ‘Uber of China’ Didi plummet......

Is this the end of OPEC? How Saudi Arabia and UAE infighting threatens the future of the oil alliance

CNBC
CNBC – For more and to sign up click here OPEC Secretary General Mohammed Sanusi Barkindo (L), Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman (C) and Russian Energy Minister Alexander Novak (R) attend an Opec-JMMC meeting in the UAE capital Abu Dhabi on September 12, 2019. KARIM SAHIB |......

Oil prices could ‘very easily’ top $100 a barrel, says former U.S. energy secretary

CNBC
CNBC – For more and to sign up click here Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday. “You could very easily see oil hitting $100 a barrel — potentially even......

Breakdown of oil output talks threatens OPEC+ unity, may trigger weaker oil prices, says strategist

CNBC
CNBC – For more and to sign up click here An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images The collapse of talks between OPEC and its allies highlights the risks......

Oil prices jump to multiyear highs after OPEC+ talks yield no production deal

CNBC
CNBC – For more and to sign up click here Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil jumped to its highest level in nearly three years on Monday......

OPEC+ to resume crisis talks as Saudi Arabia and the UAE remain at loggerheads over oil output

CNBC
CNBC – For more and to sign up click here Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi......

Oil prices hover above $75 as OPEC+ struggles to reach a deal. Here’s why it matters

CNBC
CNBC – For more and to sign up click here Flames burn off at an oil processing facility in Saudi Aramco’s oilfield in the Rub’ Al-Khali desert in Shaybah, Saudi Arabia, in October 2018. Simon Dawson | Bloomberg | Getty Images Energy prices are hovering above the $75 level after......

Investors may be ‘too optimistic’ about the oil market’s recovery, energy analyst says

CNBC
CNBC – For more and to sign up click here Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Investors have high expectations for the global oil recovery because of the economic pick......

OPEC+ seeks agreement on oil output policy after initial talks end in disarray

CNBC
CNBC – For more and to sign up click here The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters. Omar Marques | LightRocket | Getty Images LONDON — OPEC and non-OPEC ministers reconvened on Friday to discuss the next phase of oil production policy after......

$100 oil? Analysts predict the outlook for crude prices after a strong rally in the first half of 2021

CNBC
CNBC – For more and to sign up click here An employee wearing a face mask refuels a vehicle at a gas station of Sinopec (China Petroleum and Chemical Corporation) on July 10, 2020 in Xinle, Hebei Province of China. Jia Minjie | Visual China Group | Getty Images LONDON......

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