Oil prices end the day unchanged on mixed messages from geopolitical front and light trading volumes

Oil prices end the day unchanged on mixed messages from geopolitical front and light trading volumes

Summary of today's energy market action:
  • A choppy day on oil markets despite light volumes as traders digest mixed messages from the US Administration on Iranian sanctions, further production declines out of Venezuela and Libya's struggle to resume crude exports.
  • August contract expiry on WCS sent the heavy oil discount soaring to US$25.50. The WTI August contract is set to expire on Friday.
  • The US dollar rallied 0.5% on an upbeat US economic forecast from Federal Reserve Chair Jerome Powell, acting as a headwind for all commodity prices.
  • The TSX energy sector ticked higher by 0.2%. Midstream operators and integrated energy names led the declines while oilfield services stocks ended the day mostly higher.
  • S&P energy stocks dipped 0.4%, with integrated names, refiners and producers ending the day flat to lower.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.16▲0.446.71
 
79.80
WTI$68.08▲0.044.23
 
74.15
CDN LT$62.93▼0.241.48
 
69.32
C5+$66.78▲3.243.45
 
71.40
WCS$42.58▼13.030.41
 
56.21
TSX ENERGY
SYMBOL CLOSE %CHG L 52WK H RANK 
CEU4.68▲1.74.39
 
7.347
CNQ47.60▼0.236.75
 
49.0886
CVE13.81▲1.29.03
 
14.8483
ECA17.14▲2.311.05
 
18.0679
EFX14.08▲2.913.55
 
19.0820
ENB45.49▼2.137.36
 
53.0052↓
ENF32.24▼1.526.36
 
33.0591↓
GEI17.59▼0.215.68
 
19.3855
HSE20.57▼0.213.99
 
21.3087↓
IMO43.98▼0.833.43
 
44.9185
IPL24.77▼0.921.36
 
27.9250↓
KEY36.65▼0.731.20
 
40.2762
MTL15.90▲1.014.10
 
17.6282
PKI33.96▼0.823.41
 
34.4395
PPL45.36▼1.637.60
 
47.0272↓
PSI20.76▲0.116.05
 
21.9684↓
PSK24.90▲0.424.28
 
35.908
SCL26.82▲0.823.60
 
30.1056↑
SU54.00▼0.337.42
 
55.3591
TOU24.30▲2.117.78
 
28.7485
TRP56.60▼0.950.28
 
65.1839↓
S&P 500 ENERGY
SYMBOL CLOSE %CHG L 52WK H RANK 
ANDV135.60▲0.489.58
 
151.8984
APC71.43▼1.939.96
 
76.7089
BHGE32.64▲1.025.53
 
38.3725
COP70.28▼0.442.27
 
72.5790
CVX121.91▼0.9102.92
 
133.8833↓
EOG124.32▼0.281.99
 
128.0383
FTI30.66▲0.324.53
 
35.0027
HAL45.06▲0.238.18
 
57.8613
KMI17.69▼0.614.69
 
21.2542↓
MPC71.70▲0.449.30
 
83.3348
NOV43.70▼0.329.90
 
46.0085
OKE70.33▲0.549.65
 
71.9992
OXY82.69▲0.258.44
 
87.6778
PSX111.06▼0.280.73
 
122.3863
PXD182.64▼0.2125.46
 
213.4042
SLB66.74▼1.061.02
 
80.3522
VLO106.09▼0.264.22
 
126.9861
WMB26.97▼1.024.00
 
33.6720
XOM82.31▼0.272.16
 
89.3046
NYSE ADRs
SYMBOL CLOSE %CHG L 52WK H RANK 
BP44.43▼0.433.90
 
47.8359
E37.73▲0.130.13
 
40.1569
EQNR26.29▼0.517.10
 
28.0679↓
RDS.A68.77▼0.453.57
 
73.8653
TOT61.65▼0.449.35
 
64.5969

UPDATED: DAILY (END-OF-DAY)

SOURCES:
• OIL PRICES REFLECT NEAR MONTH CONTRACT FROM THE NYMEX/CME GROUP
• EQUITY PRICES PROVIDED BY NYSE & TMX GROUP
• CHARTPACKS COURTESY STOCKCHARTS.COM

NOTES:
• OIL PRICES, FUTURES AND DIFFERENTIALS IN USD/BBL
• C5+ = EDMONTON CONDENSATE
• FUTURES CURVES SHOW PRICES FOR NEAR-MONTH CONTRACT (C1) AND NEXT 5-MONTHS (C2-C6)
• TSX SHARE PRICES IN CAD; S&P 500 PRICES IN USD
• ADR: AMERICAN DEPOSITORY RECEIPTS LISTED ON NYSE IN USD
• SHARE PRICE CHANGES (INCL. NEW HIGHS & LOWS) EXCLUDE DIVIDENDS

RANK:
• BASED ON STOCKCHARTS TECHNICAL RANK (SCTR)
• REFLECTS RELATIVE STRENGTH AMONG OTHER ENERGY STOCKS (PERCENTILE RANKING)
• RISING RANK (↑) REFLECTS INCREASING RELATIVE STRENGTH
• FALLING RANK (↓) REFLECTS DECREASING RELATIVE STRENGTH.
Oil prices rise despite bearish weekly inventory data from the EIA

Oil prices rise despite bearish weekly inventory data from the EIA

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