Oil prices have risen for sixth consecutive weeks, notching an 11% gain for crude during the rally. While a pullback could occur — the oil trade was close to flat on Tuesday as overseas supply threats balanced higher U.S. inventories — recent history suggests there are more gains to come, not just in oil but also in stocks.
div > div.group > p:first-child"> Similar six-week oil rallies have happened only five times since 2010, according to a CNBC analysis of Kensho, a big data trading tool used by Wall Street banks and investment firms. While oil has tended to pull back slightly the week after a six-week period of gains, two weeks later it starts to move higher again, and a full month later oil locks in additional gains.
WTI crude has traded higher more than 80% of the time and tacked on an additional average gain of more than 2.5%.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Oil shares jump after Chevron buys Andarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Oil shares jump after Chevron buys Anadarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparks speculation the oil patch will see a new wave of consolidation. APC turns down $70. per share from OXY for a $65 from CVX? WTF? as a shareholder why dont we get a say? Get the jump on what this means for the average American with no oil stock. I have a feeling nothing will be trickling our way. USFunds And oil refiners will celebrate by raising the price of gasoline for everyone, in order to record a 6th record-breaking profit year in a row
Källa: CNBC - 🏆 12. / 72 Läs mer »
'Climate before cash': young Norwegians call time on oil industryWhen Norway's largest political party decided that the Lofoten Islands in t... Yes there is, they don't want anything to do with us.
Källa: Reuters - 🏆 2. / 97 Läs mer »
Oil scores best run in three years as dollar, stocks tread waterSigns of a stabilisation in China's giant economy and a soggy dollar helped... Boooo. Bring back lower gas prices.
Källa: Reuters - 🏆 2. / 97 Läs mer »