American Oil & Gas Inc. declared its Q1 2009 results with net-loss of $3.89 million or $0.08/share from $1.32 million or $0.03/share in Q1 2008. For full story, click here
Articles Tagged "stock"
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Crude oil continued to trade low for the second consecutive day, thereby causing oil and gas stocks slip into red on the Bombay Stock Exchange today. For full story, click here
U.S. crude futures ended higher for a second day in a row on Thursday, latching on to surging stock markets and data showing U.S. jobless claims eased, spurring hopes that oil demand could improve. Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois, stated: The complex finished this short week on a strong note [...]
Crude oil dipped again on Monday amid demand worries with stock markets in the red. The drop took prices towards the $50 per barrel mark again. For full story, click here
Canada’s currency was little changed as crude oil dipped and futures indicated U.S. stock indexes may open flat. Christian Lawrence, a currency strategist at RBC Capital Markets in London, said: The market is waiting for the U.S. open, to see where stocks are going to go. For full story, click here
The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.
Shares in Dana Petroleum gain 5.1 percent after the oil and gas producer says its average production for 2008 rose 29 percent to 39,400 barrels of oil equivalent per day (boepd), and its 2009 output is likely to be between 37,000 boepd and 41,000 boepd. For full story, click here
Imperial Energy Plc rose the most in 4 months in London trading after Russia’s antitrust agency approved its 1.4 billion-pound ($2.2 billion) takeover by India’s ONGC. For full story, click here For Imperial’s website, click here
Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.