Oil prices rebound as USD falls and API reports decline in crude stockpiles

Oil prices rebound as USD falls and API reports decline in crude stockpiles

Summary of today's energy market action:
  • Oil prices powered higher today as President Trump once again talked down the US dollar and the American Petroleum Institute reported a 5.2 million barrel decline in US crude stockpiles.
  • The energy sector posted a fourth consecutive day of gains, rising about 0.5% on both sides of the border.
  • On the TSX, large cap integrated names and pipeline stocks dragged the Canadian energy sector lower, while most producers and service stocks posted gains for the day.
  • Most US energy components ended the day higher.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.63▲0.650.27
 
79.80
WTI$67.35▲1.445.96
 
74.15
CDN LT$58.10▲1.643.56
 
69.32
C5+$65.35▲1.447.17
 
71.40
WCS$40.60▲1.030.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 21   █ AUG 14   █ AUG 7   █ JUL 31   (USD/BBL)
ENERGY SECTORS
ENERGY SUB-SECTORS

TSX ENERGY SUB-SECTORS
VERSUS TSX & CDN ENERGY SECTOR

SPX ENERGY SUB-SECTORS
VERSUS SPX & US ENERGY SECTOR
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5
  • Ensign Energy Services (ESI +4.6%)
  • MEG Energy (MEG +4.5%)
  • Baytex Energy (BTE +4.3%)
  • CES Energy Solutions (CEU +4.3%)
  • Raging River (RRX +3.6%)
  • 12-MO HIGHS
  • Enbridge Income Fund (ENF -0.7%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Husky Energy (HSE -2.6%)
  • TransCanada (TRP -1.4%)
  • Suncor (SU -1.1%)
  • Pembina Pipeline (PPL -1%)
  • Enbridge (ENB -1%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU52.51▼-1.138.34
     
    55.4787
    Imperial OilIMO40.50▼-0.333.43
     
    44.9166
    Husky EnergyHSE21.23▼-2.614.10
     
    22.4393
    MIDSTREAM
    EnbridgeENB46.81▼-1.037.36
     
    52.5976
    TransCanadaTRP57.56▼-1.450.28
     
    65.1846
    Pembina PipelinePPL45.62▼-1.037.60
     
    47.8473↓
    Inter PipelineIPL24.75▲0.321.36
     
    27.9279↑
    Keyera KEY37.02▼-0.131.20
     
    39.4475
    Gibson EnergyGEI19.82▲0.315.68
     
    20.1795
    LARGE CAP E&P
    Cdn Natural ResCNQ45.13▲0.836.88
     
    49.0873↑
    Cenovus EnergyCVE12.15▲1.19.03
     
    14.8475↑
    EncanaECA16.53▲1.311.05
     
    18.5481
    PrairieSkyPSK23.91▲2.423.13
     
    35.9012
    TourmalineTOU21.74▲1.317.78
     
    27.2631
    SERVICES
    ShawcorSCL28.00▼-0.723.60
     
    30.1080
    Mullen Group MTL16.30▲0.114.10
     
    17.6280
    CES Energy SolutionsCEU4.88▲4.34.26
     
    7.3425↑
    Pason SystemsPSI21.46▲0.216.05
     
    22.1092
    EnerflexEFX16.04▲0.213.55
     
    19.0881
    REFINING & MARKETING
    Parkland FuelPKI40.68▼-0.323.41
     
    41.3598
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Range Resources (RRC +5.4%)
  • TechnipFMC (FTI +3.3%)
  • Chesapeake (CHK +3.3%)
  • EQT Corp (EQT +2.4%)
  • Newfield Exploration (NFX +2.2%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • ONEOK (OKE -0.5%)
  • Concho Resources (CXO -0.5%)
  • Noble Energy (NBL -0.2%)
  • Occidental Petroleum (OXY -0.2%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM78.83▲0.072.16
     
    89.3038
    ChevronCVX117.94▲0.2105.30
     
    133.8839
    MIDSTREAM
    Kinder MorganKMI17.96▲0.314.69
     
    19.8559
    Williams CoWMB30.52▲0.324.00
     
    33.6769
    ONEOKOKE67.47▼-0.549.65
     
    71.9968
    LARGE CAP E&P
    ConocoPhillipsCOP70.89▲0.642.27
     
    73.7690
    EOG ResourcesEOG115.49▲0.681.99
     
    131.6037
    Occidental PetroleumOXY78.89▼-0.258.44
     
    87.6758
    Anadarko PetroleumAPC62.56▲0.439.96
     
    76.7027
    Pioneer Natural ResPXD173.74▲0.7125.46
     
    213.4018
    SERVICES
    SchlumbergerSLB64.76▲2.061.02
     
    80.3528
    HalliburtonHAL40.91▲1.238.28
     
    57.8610
    Baker HughesBHGE32.29▲0.925.53
     
    38.1047
    TechnipFMCFTI29.27▲3.324.53
     
    35.0025↑
    National-Oilwell VarcoNOV44.63▲1.129.93
     
    49.0888
    REFINERS
    Phillips 66PSX116.51▲0.481.14
     
    123.9790
    Valero EnergyVLO114.14▲0.764.45
     
    126.9890
    Marathon PetroleumMPC79.01▲0.349.30
     
    83.3385
    AndeavorANDV147.90▲0.389.58
     
    152.9799
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A64.28▲0.654.30
     
    73.8633
    TotalTOT61.74▲1.850.23
     
    65.6954↑
    BPBP42.46▲0.233.90
     
    47.8346
    EniE37.31▲1.830.81
     
    40.1557
    EquinorEQNR25.55▲0.118.22
     
    28.0663↑

    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 for 5th consecutive day as EIA reports large drawdown in stockpiles

    Oil prices rise for 5th consecutive day as EIA reports large drawdown in stockpiles

    Refining stocks stage a small recovery as gasoline prices find a floor

    Refining stocks stage a small recovery as gasoline prices find a floor

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