• Oil Rigs Increased, Oil Prices Fall

    6 days ago - By Calculated Risk

    A few comments from Steven Kopits of Princeton Energy Advisors LLC on November 9, 2018:
    • Oil rigs in total were up sharply, +12 to 886
    • Horizontal oil rigs gained more modestly, +3 at 778 CR Note: Meanwhile oil prices have been falling, from MarketWatch: U.S. oil extends slide into bear market, down 10 sessions in a row
    U.S. crude-oil futures on Friday posted a 10th straight session decline, extending their drop into a bear market, as output increases fueled concerns of surging supplies.
    ...
    On Friday, West Texas Intermediate crude for December delivery CLZ8, -1.29% lost 48 cents, or...
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  • Wall Street drops on worries over China, oil prices

    Wall Street drops on worries over China, oil prices

    6 days ago - By Reuters

    Wall Street's three major indexes closed down on Friday after weak Chinese data and volatile oil prices raised concerns about global growth.
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  • Oil falls 1 percent, U.S. crude on longest losing streak since 1984

    6 days ago - By Reuters

    Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried that oil demand growth could slow, with U.S. crude notching its longest stretch of daily declines since 1984.
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  • Stocks stumble as oil dives deeper into bear market

    Stocks stumble as oil dives deeper into bear market

    6 days ago - By Business Insider

    Wall Street fell Friday as weaker than expected economic data added to concerns about oil prices, which entered a bear market on Thursday.
    China reported weakening auto and manufacturing data overnight.
    Follow US stocks in real time here .
    Stocks stumbled Friday as worries about slowing economic growth weighed on Wall Street, with energy and high-flying technology companies among the biggest losers.
    The Dow Jones Industrial Average fell 0.87%, or more than 200 points, and the S&P 500 was down 1.05%. The Nasdaq Composite shed 1.81% as Amazon, Facebook, and Google-parent company Alphabet all...
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  • Slowing global demand and falling oil prices are behind sell-off, says Bruderman's Oliver Pursche

    6 days ago - By Reuters

    But it's still a good week for investors, with an over 750-point rally in the last few days, says Oliver Pursche, chief market strategist at Bruderman Brothers. Aleksandra Michalska reports.
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  • Oil price fall, China data weighs on stocks

    6 days ago - By Reuters

    Stocks around the globe were closing in on their biggest drop in two weeks as soft Chinese data hit demand for risky assets while oil prices weakened again on Friday.
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  • Oil slide, China worries send Wall Street tumbling

    6 days ago - By Reuters

    The S&P 500 fell steadily on Friday and deepened its losses as the day wore on with shares of large technology, industrial and material companies taking a hit after weak Chinese data and a slide in oil prices raised concerns about global growth.
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  • Stocks skid as oil plunge continues; tech sector also falls

    6 days ago - By Chron

    NEW YORK - U.S. stocks are falling Friday as technology and internet companies take steep losses.
    Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since March, causing steep losses for energy companies in recent weeks.
    Stocks have fallen over the last two days but are still on track for strong weekly gains.
    Bond prices rose, sending yields lower.
    KEEPING SCORE: The S&P 500 index dropped 29 points, or 1.1 percent, to 2,777 as of 12:50 p.m. Eastern time. The Dow...
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  • Oil slide, China worries jolt Wall Street

    6 days ago - By Reuters

    The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth.
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  • Wall Street Drops on China Concerns, Oil Slide

    6 days ago - By NY Times

    U.S. stocks fell on Friday, with shares of technology, energy and industrial companies taking a hit from concerns about global growth after a batch of weak Chinese data and a slide in oil prices.
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  • Dow falls more than 250 points on concerns about slowing economic growth

    6 days ago - By ETF Daily News

    From Mark DeCambre : U.S. stocks are down midday Friday, following a hotter-than-expected reading on producer prices, a continuing decline in oil prices, and after the Federal Reserve met expectations by holding interest rates steady before an expected rate hike next month.
    How are benchmarks performing?
    The Dow Jones Industrial Average DJIA, -0.84% was down 224 points, or 0.9%, at 25,966, and the S&P 500 index SPX, -1.07% was off 30 points, or 1%, at 2,776, while the Nasdaq Composite Index COMP, -1.84% was retreating 134 points, or 1.8%, at 7,396.
    On Thursday, the Dow DJIA, -0.84% gained...
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  • Oil price fall, China data hit stocks

    6 days ago - By Reuters

    Global stocks were on pace for their biggest drop in two weeks while oil prices weakened again on Friday and soft Chinese data hit demand for risky assets.
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