The market is cheering for rates to be cut, but forgets they are being cut on the back of global growth collapsing, which is negative for risk assets.
C&J Energy Services and Keane Group announce they have agreed to a 'merger of equals,' creating a diversified oilfield services company with an enterprise value of $1.8 billion
Recent insider buys in Occidental Petroleum and Flotek Industries during the energy dip may be sign of potential investment opportunities.
Jamie Dimon also expresses concern about the impact of China tariffs and a fresh GDP estimate is at hand.
Contrary to logic, breadth was strong Thursday, bonds rose, metals were bought and even Walt Disney rose by more than 4%.
Product demand remains tepid at best and OPEC has downgraded its oil demand growth for 2019.
Jim Cramer weighs in on the oil sector.
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