Stronger US dollar takes the wind out of oil prices

Stronger US dollar takes the wind out of oil prices

Summary of today's energy market action:
  • Oil prices mostly ended the day slightly lower as the US dollar managed to eke out another small gain.
  • WCS rose 0.6% as the differential to WTI narrowed slightly.
  • Despite gains in the broader market, the TSX energy sector was roughly unchanged for the day, as heavy losses among E&Ps offset gains in other sub-sectors.
  • Big movers for the day include Parex Resources (PRX -15.3%), Gibson Energy (GEI +5.2%) and Pason Systems (PSI +9.4%), on the release of second quarter earnings results. GEI and PSI also topped new 52-week highs today.
  • The US energy basket dragged the S&P 500 lower today, falling almost 1% for the day. Producers Apache (APA -6.2%), Occidental Petroleum (OXY -4.2%) and Murphy Oil (MUR -7.2%) led to the downside after releasing disappointing second quarter results.
  • NYSE listed ADRs all ended the day lower as both the British pound and Euro posted declines for the day.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.07▼0.350.27
 
79.80
WTI$66.81▼0.245.96
 
74.15
CDN LT$59.80▼0.943.56
 
69.32
C5+$65.46▼0.447.17
 
71.40
WCS$36.53▲0.630.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 9   █ AUG 2   █ JUL 26   █ JUL 19   (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
  • Inter Pipeline (IPL +2.5%)
  • Gibson Energy (GEI +5.2%)
  • CES Energy Solutions (CEU +5.5%)
  • Pason Systems (PSI +9.4%)
  • TORC Oil & Gas (TOG +3.7%)
  • 12-MO HIGHS
  • Husky Energy (HSE +1.3%)
  • Gibson Energy (GEI +5.2%)
  • Pason Systems (PSI +9.4%)
  • Parkland Fuel (PKI -0.3%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI -0.3%)
  • GOLDEN CROSSES
  • Shawcor (SCL +1.1%)
  • ARC Resources (ARX +0.1%)
  • TSX BEARISH INDICATORS
    TOP 5 LOSERS
  • Enerplus (ERF -3%)
  • Gran Tierra (GTE -2%)
  • MEG Energy (MEG -7.8%)
  • Parex Resources (PXT -15.3%)
  • Seven Generations (VII -1.9%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.70▲0.238.34
     
    55.4792
    Imperial OilIMO42.39▼-0.233.43
     
    44.9179
    Husky EnergyHSE21.80▲1.314.10
     
    22.1795
    MIDSTREAM
    EnbridgeENB47.26▲1.537.36
     
    52.5981
    TransCanadaTRP58.26▲0.750.28
     
    65.1871
    Pembina PipelinePPL46.26▼-0.237.60
     
    47.8485
    Inter PipelineIPL25.21▲2.521.36
     
    27.9283
    Keyera KEY37.87▲1.031.20
     
    39.4486
    Enbridge Income FundENF33.12▲1.226.36
     
    33.2894
    Gibson EnergyGEI19.60▲5.215.68
     
    19.6695
    LARGE CAP E&P
    Canadian NaturalCNQ45.39▲0.836.88
     
    49.0877
    Cenovus EnergyCVE12.92▲1.29.03
     
    14.8484
    EncanaECA17.58▼-0.211.05
     
    18.5493
    PrairieSkyPSK23.66▲1.223.20
     
    35.908
    TourmalineTOU23.12▼-0.517.78
     
    27.2667
    SERVICES
    ShawcorSCL26.79▲1.123.60
     
    30.1060
    Mullen Group MTL16.22▼-0.214.10
     
    17.6279
    CES Energy SolutionsCEU4.60▲5.54.27
     
    7.3411
    Pason SystemsPSI21.74▲9.416.05
     
    22.1095
    EnerflexEFX15.15▲0.213.55
     
    19.0860
    REFINING & MARKETING
    Parkland FuelPKI40.14▼-0.323.41
     
    41.0299↑
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5 GAINERS
  • Williams Co (WMB +0.8%)
  • ConocoPhillips (COP +0.5%)
  • Anadarko Petroleum (APC +1.4%)
  • Cabot Oil & Gas (COG +0.6%)
  • Range Resources (RRC +1.2%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    TOP 5 LOSERS
  • Occidental Petroleum (OXY -4.2%)
  • Apache (APA -6.2%)
  • Hess Corp (HES -2.9%)
  • Murphy Oil (MUR -7.2%)
  • Transocean (RIG -4%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM80.32▼-0.572.16
     
    89.3038
    ChevronCVX122.53▼-1.1105.30
     
    133.8845
    MIDSTREAM
    Kinder MorganKMI17.94▲0.114.69
     
    19.8551
    Williams CoWMB31.79▲0.824.00
     
    33.6789
    ONEOKOKE68.74▲0.249.65
     
    71.9984
    LARGE CAP E&P
    ConocoPhillipsCOP71.75▲0.542.27
     
    73.7694
    EOG ResourcesEOG122.31▼-0.481.99
     
    131.6075
    Occidental PetroleumOXY77.79▼-4.258.44
     
    87.6743↓
    Anadarko PetroleumAPC66.06▲1.439.96
     
    76.7048
    Pioneer Natural ResPXD185.65▼-1.3125.46
     
    213.4052
    SERVICES
    SchlumbergerSLB65.40▼-1.561.02
     
    80.3524
    HalliburtonHAL41.51▼-1.238.18
     
    57.866
    Baker HughesBHGE34.67▼-1.125.53
     
    38.1085
    TechnipFMCFTI29.99▼-2.524.53
     
    35.0027
    National-Oilwell VarcoNOV45.65▼-1.629.90
     
    49.0893↓
    REFINERS
    Phillips 66PSX122.18▼-0.780.73
     
    123.9795
    Valero EnergyVLO115.14▼-0.764.22
     
    126.9893
    Marathon PetroleumMPC80.75▼-1.249.30
     
    83.3392
    AndeavorANDV149.92▼-1.189.58
     
    152.9799
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A65.73▼-0.854.27
     
    73.8640↑
    TotalTOT63.84▼-0.949.75
     
    65.6978
    BPBP43.53▼-1.133.90
     
    47.8348
    EniE37.72▼-1.730.13
     
    40.1562
    EquinorEQNR25.88▼-2.118.10
     
    28.0667

    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.
    Canadian Light differential widens, sending prices back to June lows

    Canadian Light differential widens, sending prices back to June lows

    Oil prices stumble on smaller-than-expected US crude drawdowns and build in gasoline stockpiles

    Oil prices stumble on smaller-than-expected US crude drawdowns and build in gasoline stockpiles

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