Stocks · News reference
Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Shares of oil and gas-related companies are trading higher as energy prices gain amid a perceived lack of progress in U.S.-Iran peace talks taking place alongside UN meetings. Also, activist interest in Devon Energy may be drawing attention to value in the exploration and production industry.
Truist Securities Maintains Hold on APA, Raises Price Target to $44
Truist Securities analyst Gabe Daoud maintains APA (NASDAQ:APA) with a Hold and raises the price target from $39 to $44.
APA Corporation Announces Additional 40M Share Buyback Authorization
UBS Maintains Buy on Antero Resources, Lowers Price Target to $54
Truist Securities Maintains Buy on Antero Resources, Lowers Price Target to $46
Truist Securities analyst Gabe Daoud maintains Antero Resources (NYSE:AR) with a Buy and lowers the price target from $52 to $46.