<< Read Full Article
<< Read Full Article
Even four hurricanes have failed to disrupt the current energy rally.
With oil near $50 a barrel, the super majors are swimming in profits despite the stormy season. True, BP (BP Quote) did say on Monday that Hurricane Ivan -- the most powerful of the recent storms -- hurt production levels during the latest quarter. But the company still managed to produce 11% more fuel that it did in the same period a year ago.
Bob Howard, author of the investment newsletter Positive Patterns, is impressed but not surprised. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet