Oil futures closed below $100 a barrel Thursday as the dollar surged on positive economic data. “After the [Fed] pointed to potential interest-rate rises starting next year, broader markets have responded with general trepidation — with the crude complex included,” said Schneider Electric commodity analyst, Matt Smith. “Once again [West Texas Intermediate crude] drops below both the 200-day moving average and the $100 level, with the dollar rallying and supply fears easing relating to Crimea.”
Cabot Oil & Gas Corporation (NYSE: COG) shares traded in the range of $33.10 to $33.62 Thursday before settling to close at $33.16, a decrease of 0.90 percent. The stock appears to be facing some resistance at the $33.62 and $34.13 levels with some support at $32.68. Shares of Cabot Oil & Gas have fallen approximately 14.0 percent year-to-date.
More information on Cabot Oil & Gas and access to the free equity report can be found at:
www.WallStreetFundamentals.com/COG
Oasis Petroleum Inc. (NYSE: OAS) shares traded in the range of $40.21 to $40.81 Thursday before settling to close at $40.27, a decrease of 1.37 percent. The stock appears to be facing some resistance at the $42.49 and $44.59 levels with some support at $39.09. Shares of Oasis Petroleum are down approximately 14.0 percent year-to-date.
More information on Oasis Petroleum and access to the free equity report can be found at:
www.WallStreetFundamentals.com/OAS
Resolute Energy Corp. (NYSE: REN) shares traded in the range of $6.45 to $7.12 Thursday before settling to close at $7.12, a decrease of 0.70 percent. The stock appears to be facing some resistance at the $7.12, $7.67 and $8.27 levels. Shares of Resolute Energy have fallen approximately 21.0 percent year-to-date.
More information on Resolute Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/REN
Suncor Energy Inc. (NYSE: SU)(TSX: SU) shares traded in the range of $32.23 to $32.53 Thursday before settling to close at $32.44, a decrease of 0.15 percent. The stock appears to be facing some resistance at the $32.63 and $33.16 levels with some support at $31.64. Shares of Suncor Energy have fallen approximately 7.0 percent year-to-date.
More information on Suncor Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SU
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