It’s been an interesting time for investors in the natural gas space. As hydraulic fracturing and horizontal drilling have become the extraction method of choice for E&P firms, production of the fuel has skyrocketed and led to a surplus of supply and high storage inventories. The huge surpluses have combined with slack demand for the fuel, causing prices to crater. At one point they were below $2 per MMBtu [for more oil news and analysis subscribe to our free newsletter].
China growth fears spurred a short-lived risk aversion wave on Wall Street last week, but like all of the recent sell-offs, this one was also short-lived and welcomed by bargain buyers. Corporate earnings are now at the center of attention as investors are reading beyond the quarterly numbers in search of insights about the global economic outlook ahead of Friday’s much-awaited U.S. GDP report [for more market news and analysis subscribe to our free newsletter]. Amid the ongoing tug of war between the bulls and bears, mining and construction equipment manufacturer Caterpillar (CAT) presents an intriguing opportunity at the moment that warrants a closer look from traders looking to get a piece of the bull market.
Crude oil has been among the worst-performing commodities this year as hefty production has combined with a number of other factors to send the fossil fuel lower. That being said, a number of bellwether oil firms will be detailing their most recent quarter’s earnings this week, as investors are anxious to see how lower prices have impacted bottom-line returns. Below, we outline five of the biggest oil firms to report earnings this week, and commodity investors should watch them closely [for more oil news and analysis subscribe to our free newsletter].
With the largest single day drop in gold prices dominating the headlines, many consumers have overlooked crude oil’s significant fall in prices as of late. Even without the decline earlier this week, crude has been relatively weak as of late, with few expecting this to change soon. It seems that the pressure keeping prices at bay is only expected to rise in the coming months and years as this commodity may be slowly losing its dominance [for more oil news and analysis subscribe to our free newsletter].