Oil traders ignore rising tensions in the Middle East.
Oil traders focus on mysterious pager blasts in Lebanon.
Oil traders focus on the impact of Hurricane Francine.
Oil markets are losing ground as traders take money off the table after the recent rebound.
Oil prices have plunged due to recession fears, weak China demand, and OPEC's aggressive stance, making strong E&P companies a better investment than oil ETFs. SM Energy's acquisition of Uinta Basin assets extends its drilling inventory, positioning it as a long-term oil play with low breakeven prices. SM's robust balance sheet and strategic debt management make it an attractive investment, with a current P/E ratio of 5x offering significant upside.
Hurricane Francine reduced production in the U.S. Gulf of Mexico, which was bullish for oil markets.
Hurricane Francine caused production shut-ins in the U.S. Gulf of Mexico, which was bullish for oil prices.
Oil markets suffered a strong sell-off amid demand concerns.
Oil prices rebound from yearly lows.
Natural Gas and Oil Forecast: WTI tests key resistance at $70 amid global demand concerns and weaker labor data. Will oil prices break out or correct further?
Oil traders stay focused on economic data from the U.S. and China.
Oil traders remain bearish despite the delay in OPEC+ production hike.