$NOV

NOV Inc

  • NEW YORK STOCK EXCHANGE INC.
  • Industrial Services
  • Oilfield Services/Equipment
  • Manufacturing
  • Oil and Gas Field Machinery and Equipment Manufacturing

PRICE

$20.12 -

Extented Hours

VOLUME

2,178,813

DAY RANGE

19.43 - 20.16

52 WEEK

11.43 - 24

Join Discuss about NOV with like-minded investors

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@CarlosH-carvan #ivtrades
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$AR watch OI Nov 45/55C

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@dros #droscrew
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$VAL repeat sweep action in Nov 18 $60 calls (Vol: 372 / OI: 5)

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@NoobBot #Crypto4Noobs
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**@Bitboy_Crypto:** I see #Bitcoin having two paths from here. Both probably involve upward movement for a week to a month.Here are the paths:1. Relief rally over the summer only to see $BTC reach a new bottom around Nov 28th2. April 2021 proves to be true top of bull market & we just bottomed https://twitter.com/Bitboy_Crypto/status/1526007668527308801

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@Bhagirath #droscrew
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Above is monthly chart of SPY. yesterday we broke the rising wedge from covid lows and since november we have been filling into falling wedge highlighted in dark black lines. 440 will for next couple months is going to be pivot point. We can test SPY 398 fill the lower gap which will bounce on purple line that we kept rejecting from 2008 lows and broke in nov 2020. If purple line is breached we can test pre covid highs of 337 and below that we have daily gap to fill at 230.

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@bunnytoad69 #droscrew
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doesn't make up for not closing some positive delta in Nov/Dec when my MSFT longs were up 100% but hey

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@bunnytoad69 #droscrew
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those calls are down significantly from their Nov high. probably will never be worth that value again. hard to say. but yeah. glad to see it didnt shit the bed like NFLX

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@CarlosH-carvan #ivtrades
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yesterday $AAL show UOA Nov 25C

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@CarlosH-carvan #ivtrades
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On watch next week..$NOV, $LOVE, $COP. $VERU....have a nice long weekend guys

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@CarlosH-carvan #ivtrades
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watch $NOV lol

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@achatzi #ivtrades
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$NOV I believe that those calls are sold.

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@achatzi #ivtrades
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Carlos I've seen the $NOV but what trade you have in mind ?

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@CarlosH-carvan #ivtrades
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$NOV active

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@CarlosH-carvan #ivtrades
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$CHPT Nov 30C

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@CarlosH-carvan #ivtrades
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$DRN 35C Nov

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@IlarioS30 #decarolis
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Grazie ragazzi, essendo un "cassettista" (vendo pochissimo, solo per ribilanciamento), la mia domanda era votata proprio a un prossimo add su LDO. Ho due ingressi finora nel 2021 con pmc a 6,608 quindi sicuramente mi farebbe comodo il gap verso i 7, l'importante che non lo faccia troppo tardi...qualche mia linea di tendenza me lo porta a ott-nov 2022. Vedremo... Per ora sto valutando, per rendimento, la Maire Technimont, farei due piccoli ingressi iniziali tra i 3 e i 2,5 euro se ci arrivasse di nuovo; ma i 2,5 per ora li vedo lontani, credo piΓΉ che ormai sia ripartita anche vedendo la notizia di stamattina sui nuovi contratti. Qualcuno di voi la segue?

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@lucullus #droscrew
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Attached is March flow in $CLOV there has been insider buying recently and Chamath P has bought 1.7 mill shares at much higher price than now back in Nov $10 mill worth. Yesterday 5 Calls and all trades in March were calls as repeorted by CF. Chamath P price was $5.75 I think

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@Clive #The Sharp End
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**Trading Records - Since September 2021** These are Trade Calls (T/C) made in the room in real-time and can be verified by room mates. Sep - 92 T/C 75 wins 17 lose 81.50 % win rate Oct - 51 T/C 40 wins 11 lose 78.40 % win rate Nov - 110 T/C 85 wins 25 lose 77.27 % win rate Dec - 62 T/C 48 wins 14 lose 77.41 % win rate Jan - 131 T/C 103 wins 28 lose 78.62% win rate Feb - 58 T/C 48 wins 10 lose 82.70% win rate Mar - 113 T/C 84 wins 29 lose 74.33% win rate Apr - 99 T/C 57 wins 42 lose 57.58% win rate May - current month Average trade win rate since September 75.98%

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@fcpauldiaz #Zona Trading
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US Senate passes a bill that if fully passes would make daylight saving time permanent starting Nov 2023. (Finally)

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@dros #droscrew
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RIVN now down 80% from Nov 16 high

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@dros #droscrew
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May $22 and $23 Cs > @Snowcow said: which flow in $nov dros?

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@Snowcow #droscrew
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which flow in $nov dros?

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@dros #droscrew
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bull flow in $NOV again today

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@Snowcow #droscrew
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you were right about $nov going higher

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@dros #droscrew
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i think it goes higher from here > @Snowcow said: nice. I also got the top on $nov:)

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@Snowcow #droscrew
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nice. I also got the top on $nov:)

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@Snowcow #droscrew
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thanks for $nov @dros made 150% overall in a day

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@Snowcow #droscrew
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sold last nov for 220%

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@Snowcow #droscrew
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ok i may take $nov gains here

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@Snowcow #droscrew
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sold half $nov for 105%

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@Snowcow #droscrew
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up 30% on $nov now

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@JPwhoisbrown #droscrew
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damn my alert on NOV hit at 17.5 too

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@Snowcow #droscrew
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nice move on $nov

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@dros #droscrew
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2000 $NOV MAY2022 $19 Cs trade 1.3

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@dros #droscrew
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2000 $NOV MAY2022 $19 Cs trade 1.3

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@Snowcow #droscrew
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I'm up 2% on $nov I know you are all jelly

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@Snowcow #droscrew
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I got 2 of the $nov calls

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@Snowcow #droscrew
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yeah I think that $nov also

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@JPwhoisbrown #droscrew
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too bad it's not Nov fkow

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@dros #droscrew
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2000 $NOV MAY2022 $19 Cs trade 1.2-1.25

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@dros #droscrew
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2000 $NOV MAY2022 $19 Cs trade 1.2-1.25

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@Navneet #droscrew
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So, looking at PE ratios right now, S&P is roughly 22ish, with Nasdaq about 25ish, Russell 2000 roughly 22ish. Comparing previous bear markets of dot com, 2008/2009, 2018 Oct/Nov, we were seeing *roughly* about 10 - 14% lower valuations. I believe when this hits, that's the time to buy. We are getting closeish, but need to be patient. Market is pricing in alot of uncertainty right now, and the biggest factor will be Fed hike (very likely) in March. End of investing season I believe is around March 15, if I'm correct. I think indices will further put pressure on *almost bottomed* and capitulating high growth sector. Nasdaq has a bit more downside to go (tech sector), relative to S&P500, however, they are similar. My timeline and best guesstimate is *4-6 weeks* until we start to see real, sustained trend reversals from lower PE ratio bear market levels. 10% minimum drops en route, and high growth sector will bottom first and run reversals before S&P, followed by Nasdaq. JMPO

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@trademaster #TradeHouses
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By Xie Yu and Alun John HONG KONG (Reuters) - Asian shares and European stock futures advanced on Wednesday after a strong session on Wall Street, while U.S. treasury yields held near multi-year highs ahead of closely watched inflation data this week. Investors across asset classes are devoting considerable thought to the pace and timing of interest rate hikes by central banks across the world. Barring any big surprises, the consumer price index should cement expectations the U.S. Federal Reserve will raise interest rates next month, with a strong print offering further support to those tipping a larger 50 basis point rise. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5% to its highest in two weeks, helped by a 3.8% gain in Hong Kong-listed tech stocks, especially index heavyweight Alibaba (NYSE:BABA) which rose 6.6%. Japan's Nikkei gained 1.2%. Futures indicated the share rally would continue into European and U.S. trading, with the pan-region Euro Stoxx 50 futures up 0.81%, FTSE 100 futures rising 0.85% and e-mini futures for the S&P 500 0.5% higher. Overnight, three main Wall Street indexes closed higher with tech stocks including Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT) jumping, as did bank stocks supported by the prospect of higher U.S interest rates. [.N] Nonetheless, the Nasdaq Composite is still down 9.2% this year after a brutal January. Manishi Raychaudhuri, Asia-Pacific equity strategist at BNP Paribas (OTC:BNPQY), said market volatility was lingering as investors tried to figure out how often, how far and how fast central banks would raise interest rates. "The overarching theme for the market is central banks’ monetary policies," he said. "I think volatilities will continue and will possibly increase...but over the longer term corporate balance sheets, particularly in Asian emerging markets look a lot better than they were earlier," he said. Elsewhere in Asia Pacific, gains in tech names helped Korea's KOSPI rise 0.8% and Commonwealth Bank of Australia (OTC:CMWAY), the country's largest bank gained 5.6% after announcing a A$2 billion share buyback. Gains in Hong Kong financials and tech stocks meant the local benchmark rose 2%, unfazed by tighter restrictions to combat a new wave of COVID-19. However, focus on U.S. inflation figures due Thursday is likely to cap further gains. "Even though we sit in Asia, markets are still eagerly waiting for the Thursday CPI print out of the U.S. so are sitting on their hands right now," said Marcella Chow, Hong Kong based global market strategist at JPMorgan (NYSE:JPM) Asset Management. "The market is currently expecting January's CPI to be 7.3% versus 7% in December, and if it comes in higher than expected we could see 10 year yields go higher and even reach 2%, and push a value rotation," she added. Higher yields typically cause investors to move out of so called growth stocks, particularly technology names, into value stocks. U.S. Treasury yields held firm in Asian trading, after touching multi-year highs the day before as did yields in the euro zone. The yield on 10-year Treasury notes was 1.9397%, having hit 1.97% on Tuesday, its highest since Nov 2019, and the two-year was 1.3435%, just below its highest since March 2020. [US/] In Asia, the 10-year Japanese government bond yield touched 0.215% in morning trade, its highest since January 2016 Currency markets were pretty quiet, with the dollar index, which measures the greenback against six peers was at 95.559, little moved, down 0.07%.[FRX/] Oil regained some ground after falling earlier in the week due to optimism around talks with Iran, leading to a possible rise in supply. Brent crude futures rose 0.3%, to $91.15 a barrel, while U.S. crude was at $89.7 a barrel, up 0.4%. [O/R/] Spot gold was steady at $1,827.9 per ounce. [GOL/]

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@trademaster #TradeHouses
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By Roslan Khasawneh SINGAPORE (Reuters) - Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 42 cents, or 0.5%, to $91.53 a barrel by 0745 GMT, after rising $1.16 on Thursday. U.S. West Texas Intermediate crude rose 52 cents, or 0.6%, to $90.79 a barrel, having gained $2.01 the previous day to settle above $90 for the first time since Oct. 6, 2014. Both benchmarks are headed for their seventh straight weekly gain. "WTI crude surged over the $90 level after an Arctic blast made its way to Texas and disrupted some oil production in the Permian Basin," said Edward Moya, senior market analyst at OANDA. A massive winter storm swept across the central and Northeast United States on Thursday where it was delivering heavy snow and ice, making travel treacherous if not impossible, knocking out power to thousands and closing schools in several states. Tight oil supplies pushed the six-month market structure for WTI into steep backwardation of $8.08 a barrel on Friday, 7 cents shy of an eight-year high of $8.15 on Nov. 29. Backwardation occurs when prices for prompt spot trade are at a premium to future prices, and usually encourages traders to take oil out of storage. As recovering demand is outpacing supply, oil markets are increasingly vulnerable to supply interruptions, analysts said. "Even as thousands of flights are cancelled, the energy market is fixated over production and not so much short-term demand shocks," said Moya. Geopolitical tensions in Eastern Europe and the Middle East have also fuelled oil's sharp gains which have pushed Brent and WTI futures up by about 18% and 21%, respectively, so far this year. The United States warned that Russia was planning to use a staged attack as justification for invading Ukraine. Russia's President Vladimir Putin has blamed NATO and the West for increased tensions, even as he has moved thousands of troops near to Ukraine's border. "With geopolitical risk in Ukraine and only gradual increase of production by OPEC+, prices are expected to head toward $100 a barrel," Chiyoki Chen, chief analyst at Sunward Trading said. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, agreed earlier this week to stick to moderate rises of 400,000 barrels per day (bpd) in oil output with the group already struggling to meet existing targets and despite pressure from top consumers to raise production more quickly. Over the medium term, however, some analysts expect the oil market to flip into surplus as soon as next quarter, helping put the brakes on the recent surge in prices. "We expect the sequential trend of quarterly global stock draws will flip to inventory builds as soon as 2Q’22, and sustain for the next 15-18 months," analysts at Citi Research said in a note late on Thursday. "Our view is for a tight crude oil market to shift to surplus outright and in terms of days of demand cover."

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@JPwhoisbrown #droscrew
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insane!! 3700 just in Nov

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@trademaster #TradeHouses
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By Andrew Galbraith SHANGHAI (Reuters) - Asian shares plunged to their lowest in nearly 15 months, short-term U.S. yields hit 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signalled plans to steadily tighten policy. The share rout looked set to continue into European and U.S. trading. Pan-region Euro Stoxx 50 futures tumbled 2.88%, FTSE futures lost 1.98%, Nasdaq futures dropped 1.73% and S&P 500 e-minis shed 1.56%. At the same time, rising investor concerns over political tensions between Russia and Ukraine exacerbated worries over tight energy market supply, keeping oil prices elevated at multi-year highs despite some profit-taking. In its latest policy update on Wednesday, the Fed indicated it is likely to raise U.S. interest rates in March, as has been widely expected, and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings. But in the follow-up press conference, Powell warned that inflation remains above the Fed's long-run goal and supply chain issues may be more persistent than previously thought. "There was a marked shift in terms of a relatively dovish statement and then a relatively hawkish press conference," said David Chao, global market strategist, Asia Pacific (ex-Japan) at Invesco. "Powell (is) not committing to the size or the frequency of rate hikes and also the timing of the balance sheet reduction. I think that buys him a bit of wiggle room as to how quickly and with what velocity he wants to normalise monetary policy in the U.S." said Chao, adding that moves would depend on upcoming economic data. Fed funds futures showed traders pricing in as many as five hikes by December, after previously fully pricing for four increases. [FEDWATCH] Concerns that the Fed will increasingly prioritise fighting inflation walloped share markets. MSCI's broad gauge of regional markets outside Japan fell 2.2% on Thursday to its lowest level since Nov. 5, 2020, and is on track for its worst week since Feb. 2021. Hong Kong's Hang Seng index fell 2.4%, Australian shares lost 1.77% and Chinese blue-chips dropped to their lowest level since Sept. 30, 2020 as Refinitiv flows data pointed to heavy selling by foreign investors through the country's Stock Connect scheme. In Tokyo, the Nikkei fell more than 3%, touching its lowest point since Nov. 2020. U.S. YIELDS JUMP Expectations of Fed tightening sent the policy-sensitive U.S. 2-year yield to a top of 1.1920% in Asian trade, a level last reached in February 2020. The benchmark 10-year yield was steady at 1.8495% having hit a high of 1.88% on Wednesday. These in turn helped the dollar, lifting the dollar index, which measures the greenback against major peers, to 96.604, near five-week highs.. The greenback rested against the yen on Thursday at 114.6 yen per dollar, having gained 0.67% the day before, while the euro was at a six-week low of $1.2301 "The interesting play seems to be that yield differentials matter again, so we've got a decent set-up on dollar-yen. If you look at the yield differential between the 2-year on the U.S. and the Japanese, it's just shot up," said Matt Simpson, senior market analyst at City Index in Sydney. The spread between the U.S. and Japanese 2-year yield widened to 124.22 basis points on Thursday, its highest since late February 2020. In commodities markets, oil prices eased but remained elevated near $90 per barrel, a level last seen in October 2014, on festering tensions between Russia and Ukraine. The United States said on Wednesday it had set out a diplomatic path to address sweeping Russian demands in eastern Europe, as Moscow held security talks with Western countries and intensified its military build-up near Ukraine with new drills. On Thursday, global benchmark Brent crude fell 0.8% on profit taking to $89.15 per barrel. U.S. West Texas Intermediate crude was down 0.94% at $86.53. U.S. officials say they are in talks with major energy-producing countries and companies worldwide over a potential diversion of supplies to Europe if Russia invades Ukraine, although the White House said it faces challenges finding alternative sources of energy supplies. Spot gold slipped 0.3% to $1,813 an ounce, having been as high as $1,853.6 earlier in the week. "When you see gold falling with stocks it's usually a signal that things aren't so well, but you can really tie everything back to the Fed raising rates, the dollar screaming higher with the yields, everything else is going the opposite way," said Simpson at City Index.

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@Nickcascione #decarolis
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Io su Platinum dopo la segnalazione di Fabio Gallo ho fatto questa analisi e questo ingresso con target a 1088.83 pari all'apertura del 16 Nov. 2021 e stop pari a 1028.60. Speriamo bene.

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@trademaster #TradeHouses
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By Andrew Galbraith SHANGHAI (Reuters) - Asian share markets broke a five-day slide, pushing higher on Thursday as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates. The rise was set to continue in Europe, where strong earnings helped to support gains a day earlier. In early deals, pan-region Euro Stoxx 50 futures were up 0.32%, German DAX futures were 0.2% higher and FTSE futures rose 0.46%. Despite the bounce, analysts at ING said geo-political risks, notably the possibility of Russia invading Ukraine, could continue to weigh on global shares, adding to existing pressure from the rising rates outlook. "Markets may soon start to take into account a greater risk of a conflict flare-up between Russia and Ukraine, which is one reason why stocks may continue to sell and why Treasury yields aren't on a one-way ticket higher." U.S. President Joe Biden predicted on Wednesday that Russia will make a move on Ukraine, saying a full-scale invasion would be "a disaster for Russia" but suggesting there could be a lower cost for a "minor incursion." Expectations that the U.S. Federal Reserve will move more quickly to hike interest rates to combat inflation hit technology shares particularly hard overnight, pushing the Nasdaq down more than 1% into correction territory. The sell-off hit bonds as well, pushing U.S. Treasury yields to two-year highs on Wednesday, and taking Germany's 10-year yield into positive territory for the first time since May 2019 as investors bet policymakers will curb years of stimulus in order to fight rising inflation exacerbated by supply chain disruption. "There comes a point when you've offloaded, you might want to stop offloading. If bonds start to rally a little bit, and you saw yields ease off yesterday in the U.S., it kind of feels like ... we might actually not get a follow-through," said Matt Simpson, senior market analyst at City Index in Sydney. In stark contrast with the global move toward tighter policy and higher rates, China on Thursday cut its mortgage reference rate for the first time in nearly two years. The move followed a surprise cut to the central bank's rate for one-year medium-term loans on Monday. Chinese monetary authorities have signalled that they will take more easing steps this year to shore up slowing growth in the world's second-largest economy. Data released on Monday showed weakness in consumption and the property sector darkening the outlook despite a strong headline growth figure. China's blue-chip CSI300 index rose more than 1% on Thursday and Hong Kong's Hang Seng was up nearly 3% in afternoon trading. Shares of Chinese property developers boosted gains in the broad index amid hopes that government measures would help ease a funding squeeze in the embattled sector, even as another developer warned of default. The rise in Chinese shares lifted MSCI's broadest index of Asian shares outside Japan 1% higher. Seoul's Kospi rose 0.68% and Australian shares gained 0.14%. In Tokyo, the Nikkei added 1.11%. The gains in Asia came after investors on Wall Street looked past robust earnings at the outlook for inflation and rate rises. The Dow Jones Industrial Average fell 0.96% and the S&P 500 lost 0.97%. The Nasdaq Composite dropped 1.15%, putting it more than 10% below its Nov. 19 record closing high to confirm a correction. In the Asian session, U.S. yields edged up, but remained below their highs in the previous session. The benchmark 10-year yield rose to 1.8540% from a U.S. close of 1.827%, and the policy-sensitive two-year yield touched 1.0555% compared with a U.S. close of 1.025%. The pause in Treasury yields' march higher kept the greenback in check, with the dollar index which measures the greenback against six major peers at edging down to 95.553 as commodity currencies benefited from high oil prices. The Aussie dollar was 0.26% higher. The U.S. dollar edged up 0.17% against the Japanese yen to 114.50 and the euro rose 0.07% to $1.1349. In commodity markets, oil prices remained elevated after touching their highest levels since 2014 on Wednesday on strong demand and short-term supply disruptions. Global benchmark Brent crude was last down 0.1% at $88.36 per barrel and U.S. crude rose 0.36% to $87.27 per barrel. [O/R] Gold paused after marking its best session in three months a day earlier. Spot gold gave up 0.08% to $1,838.40 an ounce.

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@trademaster #TradeHouses
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By Yuka Obayashi and Roslan Khasawneh SINGAPORE (Reuters) - Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained 40 cents, or 0.5%, to $86.46 a barrel by 0641 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71. U.S. West Texas Intermediate crude was up 58 cents, or 0.7%, at $84.40 a barrel, after hitting $84.78, the highest since Nov. 10, 2021, earlier in the session. The gains followed a rally last week when Brent rose more than 5% and WTI climbed over 6%. Frantic oil buying, driven by supply outages and signs the Omicron variant will not be as disruptive as feared for fuel demand, has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. "The bullish sentiment is continuing as (producer group) OPEC+ is not providing enough supply to meet strong global demand," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd. "If (investment) funds increase allocation weight for crude, prices could reach their highs of 2014," he said. The Organization of the Petroleum Exporting Countries, Russia and their allies, together known as OPEC+, are gradually relaxing output cuts implemented when demand collapsed in 2020. But many smaller producers cannot raise supply and others have been wary of pumping too much oil in case of renewed COVID-19 setbacks. "What comes in view next is the summer demand bump, especially in Europe and the U.S., which could be bigger than last year's, if the growing hope around the Omicron finally turning COVID from pandemic to endemic proves right," said Vandana Hari, energy analyst at Vanda (NASDAQ:VNDA) Insights. Festering geopolitical threats to supply are also supporting bullish sentiment, Hari said. U.S. officials voiced fears on Friday that Russia was preparing to attack Ukraine if diplomacy failed. Russia, which has amassed 100,000 troops on Ukraine's border, released pictures of its forces on the move. The U.S. government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two U.S. officials and two industry sources told Reuters on Friday. U.S. crude oil stockpiles, meanwhile, fell more than expected to their lowest since October 2018, but gasoline inventories surged due to weak demand, the Energy Information Administration said on Wednesday. Concerns over supply constraints outweighed the news of China's possible oil release from reserves, Fujitomi analyst Tazawa said. Sources told Reuters China plans to release oil reserves around the Lunar New Year holidays between Jan. 31 and Feb. 6 as part of a plan coordinated by the United States with other major consumers to reduce global prices.

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@trademaster #TradeHouses
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By Tom Westbrook SYDNEY (Reuters) - The dollar headed for its largest weekly fall in more than a year on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early 1980s, selling has forced the greenback through key support against the euro and yen in particular, and traders seem content to lighten their bets until a clearer trend emerges. The dollar index is down about 1.14% for the week, on course for its largest weekly percentage fall since December 2020 and set to halt a rally that has lasted about six months. The index was last down about 0.20% at 94.654. The euro is up more than 1% for the week so far, and has punched out of a range it held since late November, hitting the highest since Nov. 11 at $1.1483. It doesn't face strong chart resistance until $1.1525. The dollar has dropped 1.53% against the yen over the week, its worst showing since June 2020, and pushed as low as 113.64 for the first time since Dec. 21. The safe-haven yen has benefited from a slide in global stocks, while Reuters also reported exclusively that the Bank of Japan is deliberating how it can start telegraphing an eventual rate hike. The dollar's doldrums have come while U.S. interest rate futures have all but locked in four hikes this year. But longer-end yields have fallen slightly on hawkish comments from Federal Reserve officials about reducing the bank's balance sheet. [US/] "Investors appear to be signalling that ending quantitative easing, hiking rates four times and commencing quantitative tightening all in the space of nine months is so aggressive that it will limit the scope for hikes further out," said Derek Halpenny, head of global markets research at MUFG. "It has in fact reinforced the belief that peak Fed funds will be below 2%," Halpenny said in a note to clients. "What can change this? We will need to see data on the economy that convinces the market of stronger growth. That could see thinking on the terminal fed funds rate shift higher. That would be the catalyst for renewed dollar strength." The Antipodean currencies have also been roused from their ranges and will have traders looking closely at labour and inflation data in both countries this month for anything that might prompt further shifts in central bank rhetoric. [AUD/] The New Zealand dollar is up 1.46% for the week so far and is above its 50-day moving average at $0.6861. The Aussie briefly broke above stubborn resistance around $0.7276 this week, but retreated to around that level on Friday. "Further evidence of strength in the labour market will trigger expectations ... for a potential positive shift in Reserve Bank of Australia rhetoric which will underpin the outlook for the AUD," said Rabobank FX strategist Jane Foley. "We expect AUD/USD to push higher to $0.74 in H2 2022." Sterling has been forging ahead, too, defying a political crisis threatening Prime Minister Boris Johnson's position on confidence that Britain's economy can withstand a wave of COVID-19 infections and that the Bank of England could hike rates next month. The pound traded above its 200-day moving average on Thursday and is heading for a fourth consecutive weekly gain of more than 0.5%. It last bought $1.3733. [GBP/] In Asia on Friday, the Bank of Korea raised its benchmark interest rate by 25 basis points to 1.25%, as expected, and the South Korean won looked to post a weekly rise of about 1.3%.

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through there probably tests the high of 24.89 from nov

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Key Metrics

Market Cap

7.90 B

Beta

0.65

Avg. Volume

3.14 M

Shares Outstanding

392.80 M

Yield

0.50%

Public Float

0

Next Earnings Date

2022-07-27

Next Dividend Date

2022-06-09

Company Information

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV's deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

CEO: Clay Williams

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HQ: 7909 Parkwood Circle Dr Houston, 77036-6565 Texas

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