Crude Slips for 10th Day in a Row, Hurting Oil ETFs

This article was originally published on ETFTrends.com. Crude slipped for the 10th day in a row on Friday as an unanticipated spike in supply depressed prices even further, putting the hurt on three of the largest oil ETFs–United States Oil (NYSEArca: USO), Invesco DB Oil (NYSEArca: DBO) and United States Brent Oil (NYSEArca: BNO). USO fell slightly–0.39%, while DBO and BNO […]

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MRF net slips 12.29% on rising material cost

Board approves reappointment of K.M. Mammen as MD Tyre maker MRF has reported a 12.29% drop in its standalone net profit for the second quarter ended September 2018 at ₹263.04 crore against ₹299.92 crore due to increase in raw material costs. Total income grew by 9.41% to ₹4,004.85 crore against ₹3,660.22 crore registered for the corresponding year-ago period. Materials cost, […]

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Stocks waver, dollar slips as traders shrug off trade talk

U.S. stocks are little changed Friday as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Banks are rising along with interest rates and high-dividend companies are slipping. Continue Reading Below KEEPING SCORE: The S&P 500 index remained at 2,804 as of […]

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Stocks wobble, dollar slips as traders shrug off trade talk

Major U.S. stock indexes are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big names including Microsoft. Industrial conglomerate Honeywell is also higher. General Electric fell after saying its power business is still struggling. The dollar fell and […]

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Oil slips as focus turns to surplus from shortage

Will Trump-Putin summit impact oil prices? OPIS chief oil analyst Tom Kloza on the outlook for oil prices. U.S. crude oil futures fell on Tuesday as worries over supply disruptions eased and the focus moved to increasing domestic production and potential damage to global growth from the U.S.-China trade dispute. Continue Reading Below U.S. West Texas Intermediate crude (WTI) was […]

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Average price of US gas slips a penny, to $2.94 a gallon

The average price of regular-grade gasoline in the U.S. fell a penny a gallon over the past three weeks to $2.94. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the average price is 63 cents higher than it was one year ago. Continue Reading Below Lundberg says prices at the pump may continue to slip slightly, due […]

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