Oil Daily Review for December 7, 2017
|Despite showing improvement in its quarterly results, Schlumberger’s stock has dropped more than 25% since the beginning of the year, underperforming the 10% rise in crude oil prices during this period.|
|Oil futures ended lower on Wednesday, after a drop in domestic crude supplies was outweighed by an unexpectedly large rise in gasoline inventories. We|
|With a weaker than anticipated inventory number, the WTI Crude Oil market rolled over, and of course the lack of demand is very negative. The US dollar stren…|
|Indian shares opened modestly higher on Thursday after oil prices plunged overnight on supply worries, helping ease worries over rising inflationary pressures. The benchmark BSE Sensex was up 135 points or 0.|
|Indian shares may open higher on Thursday as oil prices plunged on supply worries, helping ease worries over rising inflationary pressures. Banks could be in focus today after Finance Minister Arun Jaitley hinted that the government may backtrack on some of the controversial provisions in the Financial Resolution and Deposit Insurance (FRDI) bill pending before Parliament.|
|The Brazilian House of Representatives passed a presidential decree exempting oil and gas exploration companies from paying taxes. The government estimates that it will give up R$ 576.|
Have a nice trading!