Demand Destruction Bigger Concern than Production Cuts [Yahoo! Finance News]
Whiting Petroleum Corporation (New) (WLL)
Last whiting petroleum corporation (new) earnings: 2/27 08:30 am
Check Earnings Report
US:NYSE Investor Relations:
whiting.com/investor-relations
Company Research
Source: Yahoo! Finance News
OPEC and other major oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day. The news was priced into the markets late Thursday when crude oil futures plunged over 4%. The key question traders are asking themselves Sunday afternoon is whether this is bullish news or bearish news.Normally, a cut in supply as seen as bullish, but we are not in “normal’ times and we have a spreading virus that is rapidly destroying demand with no end in sight for its destruction.In my opinion, traders will be focusing on the demand side, which likely means more near-term pain for oil producers. We’ve seen over the past few years that OPEC and its friends can turn the valves controlling the supply of crude oil in either direction any time they want to, but when it comes to demand, they have no such control and this is what is scaring oil producers, particularly in the UnitedThe governments of Saudi Arabia and Russia essentially control their national
Show less
Read more
Impact Snapshot
Event Time:
WLL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WLL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WLL alerts
High impacting Whiting Petroleum Corporation (New) news events
Weekly update
A roundup of the hottest topics