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  • David Becker

    The rotation into energy stock from high flying momentum stocks continued to move higher on Wednesday and should get a boost Thursday after OPEC announced a decline in output. Prices of WTI (NYSE:WTI) crude oil pierced the $103 per barrel level and are poised to climb to test resistance near the $105 level. Energy stocks

  • Stock market » US stocks edge higher on QE bets
    November 12, 2013, 07:34 GMT

    Stocks on the American exchanges rose, as market participants continued to digest the prior week’s data wire. The Dow Jones Industrial Average hit a record high for the third time in a week amid speculation the Federal Reserve could taper bond purchases sooner than expected. The US economy was more resilient than economists expected leading

  • West Texas Intermediate(NYSE:WTI) soared to fresh 15-month highs on Wednesday after the weekly EIA report showed declining US inventories. The Energy Information Administration, which measures weekly crude oil changes, showed that the supply of US crude declined by 9.874 million barrels last week, compared to expectations of a 2.900 million shortfall. The draw placed a