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☆ Chart Master: What's next for oil and energy stocks?
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart Master: What's next for oil and energy stocks? Carter Worth, Worth Charting, takes a closer look at oil's slippery slide down as prices continue to fall.

Persons: What's, Carter Worth

☆ Oil's big slide: What you need to know
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil's big slide: What you need to knowJohn Kilduff, Again Capital founding partner, joins 'Power Lunch' to discuss if oil price declines will continue, what the range of crude prices will be between now and the Spring, and more.

Persons: John Kilduff Organizations: Capital

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. Oil's rally comes along with gains across financial assets after the Fed maintained its benchmark interest rate unchanged at 5.25%-5.50% at its latest meeting on Wednesday. Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced around 2.5 million barrels per day of crude in 2022, according to U.S. energy data. Data from U.S. Energy Information Administration (EIA) showed that the country's crude stocks increased as refiners undergoing seasonal maintenance restarted units more slowly than expected. But despite lower refining runs, U.S. gasoline stocks (USOILG=ECI) rose by 0.1 million barrels in the week to 223.5 million barrels, the EIA said.

Persons: Tatiana Meel, Jon Maier, Ayatollah Ali Khamenei, Stephanie Kelly, Muyu Xu, Lincoln Organizations: REUTERS, Oil, U.S . Federal Reserve, Brent, U.S, West Texas, Fed, Global, Iran's, Organization of, Petroleum, Bank of England, European Central Bank, U.S . Energy Information Administration, Thomson Locations: Nakhodka, Russia, Israel, Gaza, Iran, Europe, U.S

Euro zone business activity data took a surprise downturn this month, suggesting the bloc may slip into recession, creating a drag on the outlook for oil demand. Overall, the region's oil refineries have been consuming less crude than a year ago amid lacklustre economic growth, Euroilstock data has shown. Falling crude oil stockpiles in the U.S., the world's biggest oil consumer also supported prices. That went against eight analysts polled by Reuters who had estimated on average that crude inventories were up by about 200,000 barrels for the week. Gasoline inventories dropped by 4.2 million barrels, while distillate inventories fell by about 2.3 million barrels, the API data showed.

Persons: Nick Oxford, Israel, Vishnu Varathan, durably, Varathan, Stephanie Kelly, Muyu Xu, Tom Hogue Organizations: REUTERS, U.S, West Texas, Iran, Mizuho Bank, American Petroleum Institute, Reuters, Thomson Locations: Cushing , Oklahoma, Gaza, East, Israel, Palestinian, Saudi Arabia, China, U.S

☆ Chairman of Russia's oil major Lukoil dies suddenly aged 66
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Oct 24 (Reuters) - Vladimir Nekrasov, the chairman of Russia's second-largest oil producer Lukoil (LKOH.MM), has died suddenly at the age of 66 after suffering acute heart failure, the company said on Tuesday. Lukoil said Nekrasov had worked for almost 50 years in the oil and gas sector. He had also worked as Lukoil's First Vice-President and an adviser to the company's president. Unusually among Russian companies, Lukoil took a public stand over Moscow's operation in Ukraine. Reporting by Vladimir Soldatkin Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Nekrasov, Russia's, Lukoil, Nekrasov, Ravil Maganov, Vladimir Soldatkin, Gareth Jones Organizations: Reuters, Thomson Locations: MOSCOW, Moscow, Ukraine

People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsOct 15 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But the most important day could be Wednesday when Chinese unemployment, industrial production, retail sales and business investment figures for September will be released, along with third-quarter GDP. The property sector's travails, threat of deflation, soaring youth unemployment, foreign outflows from Chinese stocks and bonds, and the exchange rate's slide to a 16-year low are well documented. The week ended with Asian stocks up 6%, their first rise in four weeks, and world stocks adding 4.5%, their best week in six.

Persons: Jason Lee, Jamie McGeever, biggie, Vladimir Putin, Xi Jinping, Putin, Stocks, Diane Craft Organizations: People's Bank of China, REUTERS, Reuters, Forum, Soviet Union, Thomson Locations: Beijing, China, South Korea, Indonesia, Russian, Ukraine, U.S, Treasuries, Japan, India

☆ US oil is back, and ExxonMobil's $60 billion deal isn't even the biggest signal
▼ + stars: | 2023-10-15 | by ( Tim Mullaney | ) www.cnbc.com time to read: +8 min

The news came a day after a $60 billion deal between Exxon Mobil and independent oil producer Pioneer Natural Resources . Monthly production topped out at 13 million barrels per day in November 2019 and hit 9.9 million by February 2021. And offshore oil drilling in the Gulf of Mexico recovered to 2 million barrels a day, but hasn't grown. Where oil companies have been spending their money U.S. oil companies cut capital spending to $106.6 billion last year from $199.7 billion in 2014, according to Statista, contributing to the decline in oil production and arguably delaying the recovery. According to Energy Department data, oil and gas companies paid out about $75 billion per quarter in the last year.

Persons: Brittany Sowacke, Rob Thummel, hasn't, what's, Thummel, Alexandre Ramos, Jay Hatfield, doesn't, Baker, Hughes, Darren Woods, Woods, Hatfield, Ramos, Peon, aren't Organizations: Bloomberg, Getty, Energy, U.S . Department of Energy, Exxon Mobil, Natural Resources, Wall, Exxon, Big Oil, America, Rystad Energy, Oil, Infrastructure Capital Advisors, Energy Department, Pioneer, CNBC, Chevron, PDC Energy, Noble Energy, Independent, Global, ExxonMobil, OPEC, Iran Locations: Midland , Texas, Brittany, Kansas City, Mo, U.S, Oklahoma, North Dakota, Alaska, Gulf, Mexico, Texas, New Mexico, Colorado, New York, American, Hatfield, Israel, Iran

☆ Jim Cramer says it's time to move on from Pioneer after $60 billion Exxon deal announcement
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Jim Cramer's Charitable Trust owns 300 shares of Pioneer, at an average price of $230.14 apiece. Club rules prevent the Trust from trading any stock Jim mentions on CNBC television for the three subsequent trading sessions. Pioneer shares climbed 1%, to just roughly $240 each, shortly after the opening bell Wednesday. Exxon CEO Darren Woods told CNBC on Wednesday he doesn't foresee "any regulatory issues" complicating its acquisition of Pioneer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jim Cramer's, Brent, Darren Woods, Woods, Scott Sheffield —, —, Scott Sheffield, Daniel Kramer Organizations: Natural Resources, Exxon Mobil, Street Journal, Exxon, Club, Jim Cramer's Charitable Trust, CNBC, Brent, Hamas, Texas, CNBC Wednesday, Sheffield, Pioneer Resources, IHS Locations: Israel, Houston , Texas

A strong dollar typically weighs on oil prices as it makes the commodity more expensive for holders of other currencies, dampening demand for crude. Oil prices in September hit 10-month highs as Saudi Arabia and Russia cut a combined 1.3 million barrels per day (bpd) of supply until the end of the year. Oil prices are currently high in part in response to the OPEC+ cuts. This supply shock is expected to dampen consumer purchasing power, weigh on economic growth and eventually depress oil demand, JP Morgan analysts said. And given high interest rates in key Western economies, the combination of relatively high oil prices and the strong dollar cannot last for a long time, said Saxobank analyst Ole Hansen.

Persons: Dado Ruvic, Brent, Colin Asher, Francesco Pesole, Morgan, Ole Hansen, Tamas Varga, PVM, Simon Webb, Sharon Singleton Organizations: REUTERS, U.S ., Reuters Graphics Reuters, U.S, Mizuho, U.S . Federal Reserve, ING, Reuters, Thomson Locations: Saudi Arabia, OPEC, Russia, Israel, Palestinian

☆ Here's how the Club's energy stocks are responding to oil's move higher on geopolitical risk
▼ + stars: | 2023-10-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

To be sure, even with Monday's advance, oil prices remain well off their late September peaks. In addition to receiving a lift from crude's gain, Coterra is benefiting from the continued strength in natural gas. On Monday, natural gas futures rose another 1%, to around $3.37 per million British thermal units. Last week, natural gas surged 14% to reach its highest price since late January. The stock's massive outperformance Friday means that any financial benefit Pioneer would receive from Monday's higher oil prices was already captured in the session prior.

Persons: Morgan Stanley, Israel, Brent, WTI, John Kilduff, Jim Cramer, Jim, Pioneer's, CNBC's David Faber, Exxon's, Jim Cramer's, Richard Eden Organizations: Hamas, Natural Resources, Coterra Energy, West Texas, Brent, Gaza, CNBC, Energy, State Street Global Advisors, P Oil & Gas Exploration, Production, Exxon Mobil, Journal, Club, Exxon, Denbury Inc, Silhouette, Getty Locations: Palestinian, Israel, U.S, Palestinian Territories, Houston, Midland , Texas

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. "The worst week for crude since March is starting to attract buyers given the oil market will still remain tight over the short-term," Moya said. "We think that once markets start paying attention to falling global oil stockpiles, Brent oil futures will likely creep back up above $US90/bbl," the Commonwealth Bank of Australia said in a note on Friday. U.S. government data this week showed a sharp decline in U.S. gasoline demand, with economic data showing the U.S. services sector had slowed. "The non-farm payroll data tonight, the US CPI, and China's economic data next week will be key to steering oil's movements.

Persons: Agustin Marcarian, Brent, Bond, Edward Moya, Moya, Tina Teng, Sudarshan Varadhan, Sonali Paul, Stephen Coates Organizations: REUTERS, Rights, U.S, West Texas, JPMorgan, National Australia Bank, Commonwealth Bank of Australia, CPI, CMC Markets, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights SINGAPORE, U.S, United States

REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 5 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Global currency volatility on Wednesday spiked to its highest since May, a day after U.S. Treasury market volatility also jumped to a five-month high. And although U.S. yields fell across the board, yield curve steepening continued as the 30-year yield pierced 5.00%. Japanese assets, meanwhile, will also be sensitive to possible Bank of Japan activity in the domestic government bond or currency markets on Thursday. An esoteric corner of Japanese markets - yen cross-currency basis - is at levels consistent with previous bouts of volatility.

Persons: Issei Kato, Jamie McGeever, Josie Kao Organizations: U.S, REUTERS, Treasury, of, Bank of Japan, FX, Japan's Nikkei, PMI, Thomson, Reuters Locations: Tokyo, Japan, South Korea, Philippines, Thailand, Taiwan, Singapore, U.S, of Japan, Bank, India, Australia

☆ Oil prices drop 6% as worries mount over demand destruction
▼ + stars: | 2023-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Oil prices fell 6% on Wednesday as worries grow about lower demand and a slowing economy. Reports surfaced that Russia might end its ban on diesel exports, and oil inventories rose in some areas. AdvertisementAdvertisementUS and Brent oil prices both fell as much as 6% on Wednesday, representing a sharp reversal of an uptrend that began in July. According to JPMorgan, oil could be suffering from demand destruction as a result of the sharp rise in prices this summer, especially as the peak travel season winds down. "Demand destruction has begun (again)," JPMorgan's Natasha Kaneva said in a Wednesday note, adding that "global oil stock draws have ended."

Persons: Natasha Kaneva, —, Brent, Platts, Kaneva Organizations: Service, Brent, West Texas Intermediate, Energy Department, JPMorgan Locations: Russia, Saudi Arabia

☆ Investors like the high dividends and buybacks energy companies offer, but debt is starting to rise again
▼ + stars: | 2023-10-03 | by ( Brian Evans | ) www.cnbc.com time to read: +10 min

If oil prices stay high — and especially, if they breach $100 a barrel — the companies are well positioned. However, should oil prices fall and debt levels continue to rise, some companies have boxed themselves into a corner with very generous dividends and share repurchase programs. At the same time, operating cash flow has been declining. "What we're looking at is companies trying to bridge a little gap while operating cash flow is going down," said Mark Young, senior analyst at Evaluate Energy. "Since the end of 2020, operating cash flow has been able to cover all capital spending, dividend payments and share buybacks by itself.

Persons: Mark Young, Young, Conoco Phillips, Noah Barrett, Warren, Barrett, We're, Matt Smith, Smith, Jason Mountford, Brent, Goldman Sachs, Mike Wirth, Mountford, unprofitably, there's, that's Organizations: Energy, CNBC, Civitas Resources, Chevron, Exxon Mobil, Janus, Federal, Warren Pies, 3Fourteen Research, Investors, Conocophillips, Devon Energy, Exxon, Organization of Petroleum, Kplgr, Bank of America, Citigroup Locations: U.S, Wall, Saudi Arabia, Russia, Chevron

☆ Morning Bid: Dollar glimmers in broad market gloom
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 27, 2023. REUTERS/Staff/file photo Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. There's still no intervention from Japan, although moves in the pair are so tentative that it's clear traders are jittery. In addition to the day's data, Fed Chair Jerome Powell's comments will be a focus for markets when he speaks at 2000 GMT.

Persons: Tom Westbrook, Donald Trump, There's, Jerome Powell's, Jerome Powell, Edmund Klamann Organizations: REUTERS, Staff, Capitol, Republican, HK, Nikkei, Thomson Locations: Frankfurt, Germany, loggerheads, U.S, China, China's, Stocks, Asia, Japan, prelim

☆ Here's why Jim Cramer sees reason for optimism in Wednesday's market
▼ + stars: | 2023-09-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said he sees reason for optimism after the S&P 500 on Wednesday was able to bounce off its lows and finish the session basically flat. That market saw what Cramer called an "intraday bounce," where the major indexes started the day worse off and then came back, cutting their losses. "Did today's intraday bounce mean a lot?" And that, alone, means there could be a rally, at least as long as nothing whatsoever happens to the bond market or oil tomorrow." "You can't afford to ignore history.

Persons: CNBC's Jim Cramer, Cramer

[1/2] Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing RightsSept 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But another day of curve steepening, and 10-year nominal and real yields rising to new multi-year highs crushed stocks. U.S. bond market volatility - a key driver of global market stability and liquidity - had its biggest rise since early July. Investors in Asia will also note the significance of U.S. crude oil's rise on Tuesday after a few days of consolidation, not for the 1% rise in itself, but because it lifts the year-on-year price rise to almost 20%.

Persons: Jorge Silva, Jamie McGeever, Dow Jones, Josie Kao Organizations: Bank of, REUTERS, Bank, Dow, Nasdaq, Investors, Reuters, Thomson Locations: Bank of Thailand, Bangkok, Thailand, Treasuries, Asia, Thailand's, Australia, China

☆ ‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars
▼ + stars: | 2023-09-26 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Maritime technology company Windward identified the area as a hub for smuggling oil. Cargo ships and car ferries cross the Kerch Strait, an area of "dark activity," according to marine technology company Windward. So that's definitely moved that focus into, okay, I'm now going to manipulate that signal," he told CNBC by video call. This can be done in a number of ways, a Spire spokesperson told CNBC by email. "If you're in the insurance industry, and you're not paying attention to this, you really need to start paying attention," Swift told CNBC by video call.

Persons: John Lusk, Christopher Swift, Foley, Lardner, We're, Lusk, Ami Daniel, Daniel, Good Hope, Iain Goodridge, Spire's, that's, I'm, " Goodridge, OFAC, Swift Organizations: Windward, Europa Press, Getty, Maritime Organization, AIS, Spire Maritime, Government, CNBC, Russia, Anadolu Agency, Venezuela, Spire, U.S . Treasury Department Locations: Morocco, Maritime, Ukraine, U.S, Russia, Kerch, Windward, Arabian, Venezuela, The U.S, East Asia, Angola, Venezuela's, South Africa's, Good, China, Malaysia

☆ 5 energy stocks with double-digit return potential as oil prices head toward $100, according to Goldman
▼ + stars: | 2023-09-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Chevron stock has slipped roughly 7% from the start of the year. CVX YTD mountain Chevron stock. "We see 16% total return to Chevron," Mehta said. CVE YTD mountain Cenovus stock. BKR YTD mountain Baker Hughes stock.

Persons: Goldman Sachs, Neil Mehta, Goldman, Mehta, refiner Phillips, Cenovus, Brent, Baker Hughes, Baker, — CNBC's Michael Bloom Organizations: Brent, West Texas, Chevron, Phillips, Natural Resources, stoke, Baker Locations: Canada, 2H2023

☆ Morning Bid: Fed vigil sees oil recoil and UK surprise
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

Canada's consumer prices raced ahead at an unexpectedly brisk clip last month, but outlier Britain got a positive surprise as inflation there fell back in August. Starts swooned last month, but building permits - which many see as a better gauge of future activity - beat forecasts and pushed higher. Although Asia bourses were in the red earlier, European stocks pushed higher and Wall St futures were positive ahead of the open too. Relief in the oil market pulled two-year Treasury yields back about 5 basis points from two-month highs at 5.12%. Key developments that should provide more direction to U.S. markets later on Wednesday:* U.S. Federal Reserve policy decision, new economic projections and press conference.

Persons: Mike Dolan, Asia bourses, Mills, Toby Chopra Organizations: Federal Reserve, People's Bank of China, Bank of England, Fed, Friday's Bank of Japan, Arm Holdings, U.S, New, . Federal, Bank of Canada, FedEx, United Nations General Assembly, Reuters Graphics Reuters, Reuters, Reuters Graphics Housing, Thomson Locations: U.S, Asia, Europe, New York City, New York

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Oil prices are surging again, but this time Biden has way less ammunition to bring them down
▼ + stars: | 2023-09-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. But while it has ticked up slightly, the level remains near 40-year lows at about 350 million barrels. The stock market has started to feel the ripple effects from rising oil prices.

Persons: Biden, Brent, Enverus Organizations: Strategic Petroleum Reserve, Service, Biden, Petroleum Reserve Energy Department, Energy Department, Federal Reserve Locations: Wall, Silicon, Ukraine, Saudi Arabia, Russia, Texas , New Mexico, North Dakota

Elsewhere in Asian FX markets, China's yuan slid to a 10-month low on Wednesday through 7.32 per dollar and is a whisker from plumbing depths not recorded since late 2007. Investors could get further reminders on the currency's vulnerability from Chinese trade and FX reserves figures on Thursday. Chinese trade has been one of the biggest economic red flags this year. Beijing's nominal FX reserves have risen this year, even as the nominal value of Beijing's holdings of U.S. Treasuries has fallen to a 14-year low. Here are key developments that could provide more direction to markets on Thursday:- China trade (August)- Malaysia interest rate decision- Australia trade (August)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Jamie McGeever, Treasuries, Josie Kao Organizations: REUTERS, FX, Asian FX, Reuters, Thomson Locations: Shanghai, China, India, Japan, Asian, Beijing, U.S, Malaysia, Australia

☆ Jim Cramer laments rising interest rates, says market won't advance if they keep climbing
▼ + stars: | 2023-09-05 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Tuesday bemoaned rising bond yields and interest rates. "There's no way this market will be able to advance if rates keep climbing," Cramer said. Cramer cited certain mega-cap tech stocks on Tuesday, noting Facebook parent Meta 's rise of nearly 1.3% and Microsoft 's increase of about 1.5%. He also mentioned the effect of rising crude oil prices, which lifted energy stocks. Maybe we avoid both: Rates stabilize and stocks fly higher," he said.

Persons: CNBC's Jim Cramer, Cramer, I'm, it's Organizations: Microsoft

☆ Cramer's Lightning Round: Marathon Oil is a buy
▼ + stars: | 2023-08-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Marathon Oil's year-to-date stock performance. Stock Chart Icon Stock chart icon Enphase's year-to-date stock performance. Stock Chart Icon Stock chart icon Coherent's year-to-date stock performance. Stock Chart Icon Stock chart icon Icahn Enterprises' year-to-date stock performance. Stock Chart Icon Stock chart icon Barrick Gold's year-to-date stock performance.

Persons: they're, we're Organizations: Icahn Enterprises, Barrick

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