Oil prices rise despite bearish weekly inventory data from the EIA

Oil prices rise despite bearish weekly inventory data from the EIA

Summary of today's energy market action:
  • Crude oil prices rallied today despite a rather bearish inventory report from the EIA, which included record US production, a 5.8 million barrel build in crude stockpiles and sharp decline in refinery utilization rates. Canadian Light bucked the trend, dipping 0.1%.
  • The TSX energy sector declined almost 1%. As was the case yesterday, integrated large caps, pipeline stocks and E&Ps continue to give back recent gains, ending the day mostly lower. Oilfield services stocks, which has been the weakest sub-sector, largely posted gains for the day.
  • The S&P energy sector was roughly unchanged. Refining stocks were the best performers, with most ending the day higher.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.90▲1.046.71
 
79.80
WTI$68.76▲1.044.23
 
74.15
CDN LT$62.86▼0.141.48
 
69.32
C5+$67.66▲1.343.45
 
71.40
WCS$43.36▲1.830.41
 
56.21
TSX ENERGY
SYMBOL CLOSE %CHG L 52WK H RANK 
CEU4.76▲1.74.39
 
7.349
CNQ46.93▼1.436.75
 
49.0884↓
CVE13.67▼1.09.03
 
14.8482
ECA17.03▼0.611.05
 
18.0679
EFX14.57▲3.513.55
 
19.0834
ENB45.02▼1.037.36
 
53.0041↓
ENF32.01▼0.726.36
 
33.0591
GEI17.43▼0.915.68
 
19.3840
HSE20.49▼0.414.09
 
21.3091
IMO43.73▼0.633.43
 
44.9186
IPL24.33▼1.821.36
 
27.9235↓
KEY36.60▼0.131.20
 
40.1762
MTL16.02▲0.814.10
 
17.6285
PKI34.28▲0.923.41
 
34.4395
PPL45.60▲0.537.60
 
47.0276
PSI20.72▼0.216.05
 
21.9683↓
PSK24.82▼0.324.28
 
35.907
SCL27.03▲0.823.60
 
30.1065↑
SU53.66▼0.637.53
 
55.3590↓
TOU24.25▼0.217.78
 
28.7487
TRP56.37▼0.450.28
 
65.1836↓
S&P 500 ENERGY
SYMBOL CLOSE %CHG L 52WK H RANK 
ANDV136.92▲1.089.58
 
151.8988
APC71.50▲0.139.96
 
76.7090
BHGE32.55▼0.325.53
 
38.1028↑
COP70.35▲0.142.27
 
72.5790
CVX121.53▼0.3102.92
 
133.8830↓
EOG123.58▼0.681.99
 
128.0380
FTI30.95▲1.024.53
 
35.0032
HAL44.80▼0.638.18
 
57.8611↓
KMI17.78▲0.514.69
 
21.2545
MPC72.56▲1.249.30
 
83.3353
NOV43.25▼1.029.90
 
46.0083
OKE70.13▼0.349.65
 
71.9992
OXY82.96▲0.358.44
 
87.6780
PSX110.90▼0.180.73
 
122.3861
PXD182.24▼0.2125.46
 
213.4040
SLB67.06▲0.561.02
 
80.3524
VLO106.65▲0.564.22
 
126.9863
WMB27.76▲2.924.00
 
33.6733
XOM82.22▼0.172.16
 
89.3043↓
NYSE ADRs
SYMBOL CLOSE %CHG L 52WK H RANK 
BP44.25▼0.433.90
 
47.8355
E37.78▲0.130.13
 
40.1568
EQNR26.12▼0.717.10
 
28.0677↓
RDS.A68.90▲0.253.64
 
73.8653↓
TOT62.00▲0.549.40
 
64.5975

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.
Midstream stocks rally as FERC makes concessions for natural gas pipeline operators

Midstream stocks rally as FERC makes concessions for natural gas pipeline operators

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

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