|Day Low/High||99.54 / 101.19|
|52 Wk Low/High||68.81 / 101.99|
Prices have been challenging the $70 area for months, but it looks like an upside breakout is possible.
More than 2.2 million barrels per day of U.S. refining capacity was offline due to Hurricane Harvey.
The nation's ability to refine oil has been reduced by almost 15%.
On the long side, it would be national refiners, with Valero Energy at the top of the list; on the short side, it's the bedraggled oil producers.
U.S. stock futures point to a soft open for Wall Street on Monday, and trading in energy markets is volatile.
This wouldn't be the first time players needed to be beaten over the head with a new trend before changing positions.
While shut-in crude oil production is good for commodity prices, shut-in refineries will lead to a surplus of product and a lack of demand for electricity won't help.
Crude futures were testing morning lows shortly after 8 a.m. Thursday, despite relatively positive inventory data out of both Singapore and the U.S. suggesting the global commodity glut is subsiding.
Jonathan Heller writes that three months in, it's time to check in on the progress (or lack thereof) of his Growing Dividends with Stock Buybacks Portfolio.
Brinker International? Not so much.
Coffee prices and oil prices have been trading with an unusually high correlation.
Here's what is sending oil prices higher.
Here are Tuesday's top research calls, including downgrades for Ambarella and BlackBerry, and upgrades for PVH Corp. and Zynga.
"At 520.8 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year," an EIA report said.
A study of analyst recommendations at the major brokerages shows that Valero Energy Corp. is the #28 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity.
Here are Tuesday's top research calls, including an upgrade of AIG, downgrade of Valero and new coverage for Kroger, Whole Foods Markets and Sysco.
A look at stocks that Jim Cramer was bullish on, or bearish on during today's show.
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