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Oil Daily Review December 7, 2017

Oil Daily Review for December 7, 2017

Why Schlumberger’s Stock Is Down Despite A Rebound In Oil Prices

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 ends lower after rise in gasoline inventories

Oil futures ended lower on Wednesday, after a drop in domestic crude supplies was outweighed by an unexpectedly large rise in gasoline inventories. We

 

WTI Crude Oil and Natural Gas Forecast December 7, 2017

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…

 

Sensex Up 135 Points As Oil Prices Slide; Nifty Rises 40 Points

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.

 

Sensex, Nifty Set To Rebound As Oil Prices Plunge

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.

 

BRAZIL: House Passes Bill To Exempt Oil And Gas Companies From Taxes

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.

 

Venezuela: China’s Sinopec sues oil company PDVSA over unpaid bills

 

Have a nice trading!




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