Oil prices slump as US dollar hits 1-yr high and API reports inventory build

Oil prices slump as US dollar hits 1-yr high and API reports inventory build

Summary of today's energy market action:
  • Oil prices dipped slightly as the US dollar index hit a 1-year high and the American Petroleum Institute reported a 3.7 million barrel build in US crude oil stockpiles.
  • Canadian Light bucked the trend, rising 0.7% as the discount narrowed slightly.
  • TSX energy sector components mostly posted gains for the day, led higher by heavy-weights Suncor Energy (SU +1.3%) and Imperial Oil (IMO +1.5%).
  • Cenovus Energy (CVE -3.9%) was the largest drag today on a downgrade by Tudor Pickering, breaking down to the lows of last June.
  • A rather quiet day in US markets, as gains in large cap E&Ps offset losses from the energy services sub-sector.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.46▼0.250.27
 
79.80
WTI$67.04▼0.245.96
 
74.15
CDN LT$58.81▲0.743.56
 
69.32
C5+$64.29▼0.347.17
 
71.40
WCS$37.04▼0.230.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 14   █ AUG 7   █ JUL 31   █ JUL 24   (USD/BBL)
ENERGY SECTORS
ENERGY SUB-SECTORS

TSX ENERGY SUB-SECTORS
VERSUS TSX & CDN ENERGY SECTOR

SPX ENERGY SUB-SECTOR
VERSUS SPX & US ENERGY SECTOR
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5 GAINERS
  • Pembina Pipeline (PPL +1.6%)
  • Parkland Fuel (PKI +1.6%)
  • Enerplus (ERF +1.7%)
  • Ensign Energy Services (ESI +2.4%)
  • Precision Drilling (PD +2.7%)
  • 12-MO HIGHS
  • Husky Energy (HSE 0%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    TOP 5 LOSERS
  • Cenovus Energy (CVE -3.9%)
  • Baytex Energy (BTE -3.9%)
  • Crew Energy (CR -3%)
  • Raging River (RRX -4.5%)
  • Trican Well (TCW -3.1%)
  • 12-MO LOWS
  • Raging River (RRX -4.5%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.84▲1.338.34
     
    55.4792
    Imperial OilIMO42.28▲1.533.43
     
    44.9184
    Husky EnergyHSE22.170.014.10
     
    22.4397↑
    MIDSTREAM
    EnbridgeENB46.43▲0.437.36
     
    52.5970
    TransCanadaTRP57.85▲0.450.28
     
    65.1867
    Pembina PipelinePPL46.91▲1.637.60
     
    47.8487
    Inter PipelineIPL24.49▲0.721.36
     
    27.9266
    Keyera KEY37.98▲0.731.20
     
    39.4487
    Gibson EnergyGEI19.90▲0.215.68
     
    20.1796
    LARGE CAP E&P
    Cdn Natural ResCNQ45.64▲0.836.88
     
    49.0880
    Cenovus EnergyCVE12.50▼-3.99.03
     
    14.8481
    EncanaECA17.290.011.05
     
    18.5490
    PrairieSkyPSK23.71▲0.023.20
     
    35.9011
    TourmalineTOU22.40▼-0.417.78
     
    27.2656
    SERVICES
    ShawcorSCL28.38▲0.123.60
     
    30.1086
    Mullen Group MTL16.28▲0.114.10
     
    17.6284
    CES Energy SolutionsCEU4.68▲0.74.27
     
    7.3416
    Pason SystemsPSI21.33▲0.116.05
     
    22.1092
    EnerflexEFX16.24▼-1.613.55
     
    19.0886
    REFINING & MARKETING
    Parkland FuelPKI40.97▲1.623.41
     
    41.0499
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5 GAINERS
  • Occidental Petroleum (OXY +2%)
  • Chesapeake (CHK +1.6%)
  • EQT Corp (EQT +2.1%)
  • Helmerich & Payne (HP +2.3%)
  • Marathon Oil (MRO +2.1%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    TOP 5 LOSERS
  • Williams Co (WMB -1.2%)
  • Baker Hughes (BHGE -0.6%)
  • TechnipFMC (FTI -1.2%)
  • Phillips 66 (PSX -0.5%)
  • Murphy Oil (MUR -0.6%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM78.31▼-0.372.16
     
    89.3038
    ChevronCVX122.58▲0.1105.30
     
    133.8854
    MIDSTREAM
    Kinder MorganKMI17.95▲0.614.69
     
    19.8558
    Williams CoWMB30.31▼-1.224.00
     
    33.6768
    ONEOKOKE68.55▲0.849.65
     
    71.9979
    LARGE CAP E&P
    ConocoPhillipsCOP72.15▲1.542.27
     
    73.7693
    EOG ResourcesEOG123.07▲1.381.99
     
    131.6073
    Occidental PetroleumOXY79.66▲2.058.44
     
    87.6764
    Anadarko PetroleumAPC66.98▲1.039.96
     
    76.7056
    Pioneer Natural ResPXD183.34▲0.1125.46
     
    213.4041
    SERVICES
    SchlumbergerSLB64.80▼-0.361.02
     
    80.3529
    HalliburtonHAL40.67▼-0.438.18
     
    57.867
    Baker HughesBHGE33.93▼-0.625.53
     
    38.1083
    TechnipFMCFTI28.89▼-1.224.53
     
    35.0020
    National-Oilwell VarcoNOV45.20▲0.429.90
     
    49.0891
    REFINERS
    Phillips 66PSX120.94▼-0.580.73
     
    123.9795
    Valero EnergyVLO115.05▲0.264.22
     
    126.9892
    Marathon PetroleumMPC80.11▲0.049.30
     
    83.3390
    AndeavorANDV148.84▲0.089.58
     
    152.9799
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A63.69▼-0.754.27
     
    73.8630
    TotalTOT60.93▼-0.949.75
     
    65.6952↓
    BPBP42.61▼-0.233.90
     
    47.8348
    EniE36.59▲0.630.13
     
    40.1550
    EquinorEQNR25.49▼-0.918.10
     
    28.0661

    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.
    Weak Chinese economic data drag commodities, stocks and bond yields lower, sending oil prices tumbling

    Weak Chinese economic data drag commodities, stocks and bond yields lower, sending oil prices tumbling

    Energy stocks retreat as global equity markets take a tumble

    Energy stocks retreat as global equity markets take a tumble

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