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

Summary of today's energy market action:
  • A bullish weekly inventory report from the EIA helped lift oil prices again today, marking the fifth consecutive day of gains for WTI and Brent.
  • The Brent/WTI differential rose to almost US$7 a barrel as WTI moved into the October contract.
  • Energy was once again the best performing sector on both sides of the border, rising for the fifth day in a row. The TSX energy basket gained 1.7% while SPX energy components averaged a 1.2% increase.
  • Gains were broadly based, across all sub-sectors.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.78▲3.050.27
 
79.80
WTI$67.86▲0.845.96
 
74.15
CDN LT$58.61▲0.943.56
 
69.32
C5+$65.86▲0.847.17
 
71.40
WCS$41.11▲1.330.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 22   █ AUG 15   █ AUG 8   █ AUG 1   (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
  • MEG Energy (MEG +7%)
  • Precision Drilling (PD +4.4%)
  • Ensign Energy Services (ESI +4.2%)
  • Seven Generations (VII +3.6%)
  • Gran Tierra (GTE +3.4%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Parkland Fuel (PKI -0.3%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.30▲1.538.34
     
    55.4790
    Imperial OilIMO41.15▲1.633.43
     
    44.9175
    Husky EnergyHSE21.41▲0.914.10
     
    22.4393
    MIDSTREAM
    EnbridgeENB47.00▲0.437.36
     
    52.5980
    TransCanadaTRP57.85▲0.550.28
     
    65.1850
    Pembina PipelinePPL46.04▲0.937.60
     
    47.8479
    Inter PipelineIPL24.89▲0.621.36
     
    27.9280↑
    Keyera KEY37.51▲1.331.20
     
    39.4481
    Gibson EnergyGEI20.01▲1.015.68
     
    20.1795
    LARGE CAP E&P
    Cdn Natural ResCNQ45.80▲1.536.88
     
    49.0879↑
    Cenovus EnergyCVE12.26▲0.99.03
     
    14.8480↑
    EncanaECA16.78▲1.511.05
     
    18.5485
    PrairieSkyPSK24.49▲2.423.13
     
    35.9016
    TourmalineTOU21.91▲0.817.78
     
    27.2633↑
    SERVICES
    ShawcorSCL28.61▲2.223.60
     
    30.1086
    Mullen Group MTL16.36▲0.414.10
     
    17.6282
    CES Energy SolutionsCEU5.01▲2.74.26
     
    7.3431↑
    Pason SystemsPSI21.74▲1.316.05
     
    22.1094
    EnerflexEFX16.30▲2.213.55
     
    19.0884
    REFINING & MARKETING
    Parkland FuelPKI40.56▼-0.323.41
     
    41.3598
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Range Resources (RRC +4.1%)
  • Noble Energy (NBL +3.9%)
  • Chesapeake (CHK +3.4%)
  • Marathon Oil (MRO +3.3%)
  • Hess Corp (HES +2.8%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Cabot Oil & Gas (COG -0.2%)
  • Williams Co (WMB -0.1%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM79.96▲1.472.16
     
    89.3045
    ChevronCVX118.92▲0.8105.81
     
    133.8842
    MIDSTREAM
    Kinder MorganKMI18.28▲1.814.69
     
    19.8568
    Williams CoWMB30.49▼-0.124.00
     
    33.6769
    ONEOKOKE68.22▲1.149.65
     
    71.9976
    LARGE CAP E&P
    ConocoPhillipsCOP72.00▲1.542.42
     
    73.7691
    EOG ResourcesEOG117.32▲1.681.99
     
    131.6045
    Occidental PetroleumOXY79.33▲0.658.69
     
    87.6764
    Anadarko PetroleumAPC63.57▲1.639.96
     
    76.7031
    Pioneer Natural ResPXD176.05▲1.3125.46
     
    213.4026
    SERVICES
    SchlumbergerSLB65.09▲0.561.02
     
    80.3532↑
    HalliburtonHAL41.20▲0.738.28
     
    57.8611
    Baker HughesBHGE32.52▲0.725.53
     
    38.1055
    TechnipFMCFTI29.92▲2.224.53
     
    35.0037↑
    National-Oilwell VarcoNOV45.19▲1.329.93
     
    49.0890
    REFINERS
    Phillips 66PSX117.02▲0.481.88
     
    123.9790
    Valero EnergyVLO115.68▲1.464.50
     
    126.9892
    Marathon PetroleumMPC80.21▲1.549.30
     
    83.3390
    AndeavorANDV149.71▲1.389.58
     
    152.97100
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A65.03▲1.254.50
     
    73.8640
    TotalTOT62.37▲1.050.93
     
    65.6962↑
    BPBP42.98▲1.233.90
     
    47.8352
    EniE37.85▲1.530.81
     
    40.1566
    EquinorEQNR25.99▲1.718.44
     
    28.0671↑

    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 take a pause after 5 days of gains

    Oil prices take a pause after 5 days of gains

    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

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