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$Crude Oil Futures(JAN5) (CLmain.US)$ U.S. crude oil futures closed above $83/bbl in New York for the ninth straight weekly increase, the longest such winning streak since at least 1983, as rising consumption increasingly races ahead of supply.
WTI crude for December delivery closed +1.5% to settle at $83.76/bbl, and December Brent crude finished +1.1% at $85.53/bbl.
The front-month WTI contract jumped 2.6% for the week, while Brent posted a 0.9% weekly increase, but it was the ninth straight winning week for both benchmarks.
ETFs: USO, UCO, SCO, BNO, DBO, USL
Oil and gas sector stocks $Energy Select Sector SPDR Fund (XLE.US)$ also rose again for the week, +0.9%.
Global oil inventory levels "remain tight as demand growth remains firm but production growth lags," IHS Markit analyst Marshall Steeves says.
The oil market is "correctly pricing very tight conditions, and conditions that will get tighter," BNP Paribas' David Martin says. "We're going to draw stocks this quarter and next."
Stockpiles at the Cushing storage hub, the biggest such facility in the U.S., are draining to critically low levels that could push crude prices even higher.
The week's five biggest gainers in energy and natural resources: $Permian Basin Royalty Trust (PBT.US)$ +35.7%, $Natural Resource (NRP.US)$ +22.2%, $CN Energy (CNEY.US)$ +21.9%, $San Juan Basin Royalty Trust (SJT.US)$ +20.3%, $Berry Corp (bry) (BRY.US)$ +19.3%.
The week's five biggest decliners in energy and natural resources: $Altus Midstream (ALTM.US)$ -22.7%, $DNOW Inc (DNOW.US)$ -16.6%, $NACCO Industries (NC.US)$ -15.9%, $Kaiser Aluminum (KALU.US)$ -14.8%, $HighPeak Energy (HPK.US)$ -14.5%.
WTI crude for December delivery closed +1.5% to settle at $83.76/bbl, and December Brent crude finished +1.1% at $85.53/bbl.
The front-month WTI contract jumped 2.6% for the week, while Brent posted a 0.9% weekly increase, but it was the ninth straight winning week for both benchmarks.
ETFs: USO, UCO, SCO, BNO, DBO, USL
Oil and gas sector stocks $Energy Select Sector SPDR Fund (XLE.US)$ also rose again for the week, +0.9%.
Global oil inventory levels "remain tight as demand growth remains firm but production growth lags," IHS Markit analyst Marshall Steeves says.
The oil market is "correctly pricing very tight conditions, and conditions that will get tighter," BNP Paribas' David Martin says. "We're going to draw stocks this quarter and next."
Stockpiles at the Cushing storage hub, the biggest such facility in the U.S., are draining to critically low levels that could push crude prices even higher.
The week's five biggest gainers in energy and natural resources: $Permian Basin Royalty Trust (PBT.US)$ +35.7%, $Natural Resource (NRP.US)$ +22.2%, $CN Energy (CNEY.US)$ +21.9%, $San Juan Basin Royalty Trust (SJT.US)$ +20.3%, $Berry Corp (bry) (BRY.US)$ +19.3%.
The week's five biggest decliners in energy and natural resources: $Altus Midstream (ALTM.US)$ -22.7%, $DNOW Inc (DNOW.US)$ -16.6%, $NACCO Industries (NC.US)$ -15.9%, $Kaiser Aluminum (KALU.US)$ -14.8%, $HighPeak Energy (HPK.US)$ -14.5%.
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Morning scalp list @everyone
CLOV
BTB
AHPI
ACY
PBTS
MITQ
$Bitcoin (BTC.CC)$ $Clover Health (CLOV.US)$ $Allied Healthcare Products (AHPI.US)$ $Powerbridge Technologies (PBTS.US)$ $Moving iMage Technologies (MITQ.US)$
CLOV
BTB
AHPI
ACY
PBTS
MITQ
$Bitcoin (BTC.CC)$ $Clover Health (CLOV.US)$ $Allied Healthcare Products (AHPI.US)$ $Powerbridge Technologies (PBTS.US)$ $Moving iMage Technologies (MITQ.US)$
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Nathan1995
commented on
Tuesday, August 10, 2021
By Mia
You found me! Today's password is : "jax"
By Mia
You found me! Today's password is : "jax"
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Sup mooers! Welcome to MooHumor again. It's been a hectic week, hustle and bustle always make me rethink the essence of life. Investing just like our lives, there's up and down, joy and sorrow, success and sometimes failure for sure. They're basically the same concept. However, the problem is, I don't know how to invest.
Here come's the victims of life(investing). Maybe we can cuddle up and pray for a better future together.
@Metatron of Aloha: A lesson in discipline......
Here come's the victims of life(investing). Maybe we can cuddle up and pray for a better future together.
@Metatron of Aloha: A lesson in discipline......
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Nathan1995
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were little changed in early Wednesday morning trade after the S&P 500 rose to another fresh record during the Tuesday regular session.
- Sony Group Corp.'s first-quarter net profit rose 9.4% from a year earlier as stronger earnings from its electronics and music businesses offset weaker results from gaming.
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were little changed in early Wednesday morning trade after the S&P 500 rose to another fresh record during the Tuesday regular session.
- Sony Group Corp.'s first-quarter net profit rose 9.4% from a year earlier as stronger earnings from its electronics and music businesses offset weaker results from gaming.
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Yooooo mooers,
Welcome back to mooSchool summer camp!
As the course in our mooSchool Summer Camp progresses, some more professional analysis tools began to be introduced like Stock Screener, Option Unusual Activity, and Position Cost Distribution, etc...
For some newbees, it might be not as easy to understand as at the beginning, but that's the way we grow in trading. If you find something you don't understand, that's a good thing. ...
Welcome back to mooSchool summer camp!
As the course in our mooSchool Summer Camp progresses, some more professional analysis tools began to be introduced like Stock Screener, Option Unusual Activity, and Position Cost Distribution, etc...
For some newbees, it might be not as easy to understand as at the beginning, but that's the way we grow in trading. If you find something you don't understand, that's a good thing. ...
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$Bridgeline Digital (BLIN.US)$ I'm not going to lie, I didn think it was worth wasting everyone's time to mention this or $Marin Software (MRIN.US)$.
With the last few weeks' overwhelmingly high beta tickers like these stay on the radar.
With the last few weeks' overwhelmingly high beta tickers like these stay on the radar.
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Wall Street has been wary of being bearish for one reason, and no, it's not the Federal Reserve: They have been waiting for retail--the individual investor-- to go all-in stocks. After 13 long years, this moment has finally arrived: retail is all in.If you doubt this, just look at record highs in investor sentiment, margin debt and the Buffett Indicator Current valuations are so extreme that the previous extreme in the 2000 dot-com bubble now looks modest in comparison. The real driver of retail going all-in is the complete collapse of risk / moral hazard: the Fed will never let the market go down is not a meme, it is an article of secular faith, supported by 13 long years of ceaseless Fed intervention / stimulus, all in service of elevating the stock market. In this secular religion, just buy the dip and rotate into what's hot, and the millions just pile up on their own.
What the newly minted millionaires don't understand is they're the marks and bagholders. Wall Street has been patiently waiting for retail to go all-in so the pros can sell all the over-valued stocks to the euphoric, trusting retail traders, who will continue to buy the dip and rotate into the next hot meme-stock until their fortunes have dwindled to spare change.
The con requires euphoric confidence that stocks only go up forever, and every retail trader is confident in their abil...
What the newly minted millionaires don't understand is they're the marks and bagholders. Wall Street has been patiently waiting for retail to go all-in so the pros can sell all the over-valued stocks to the euphoric, trusting retail traders, who will continue to buy the dip and rotate into the next hot meme-stock until their fortunes have dwindled to spare change.
The con requires euphoric confidence that stocks only go up forever, and every retail trader is confident in their abil...
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“The executive power in our government is not the only, perhaps not even the principal, object of my solicitude. The tyranny of the legislature is really the danger most to be feared, and will continue to be so for many years to come. The tyranny of the executive power will come in its turn, but at a more distant period.”- Thomas Jefferson
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