A European Central Bank meeting, a parliamentary election in the United Kingdom and testimony by James Comey , former director of the U.S. Federal Bureau of Investigation, to a Senate committee are also due on Thursday, while Canada's employment report for May is due on Friday.
In combination, the statistics suggest near-record and rising stocks, falling demand and rising production. Major selloffs have become a regular feature of the oil market in recent months as traders and investors try to gauge whether OPEC's efforts are working.
Finally, BlackRock Inc. raised its position in shares of Antero Resources Corp by 2,440.4% in the first quarter. The company is scheduled to report its next earnings results on Tuesday, July 25th. SailingStone Capital Partners LLC boosted its position in Range Resources Corp.by 1.1% in the fourth quarter. BlackRock Inc. increased its stake in shares of Range Resources Corp.by 2,153.9% in the first quarter.
It worsened, as 68 investors sold Nordstrom , Inc. shares while 187 reduced holdings. Norges Bank bought a new stake in Nordstrom during the fourth quarter valued at about $108,878,000. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, December 23. The firm earned "Buy" rating on Friday, November 13 by Topeka Capital Markets.
The moves isolating Qatar , which denies aiding terrorists, are disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market, where the tiny Gulf state is a major player.
Several other countries like Maldives and Libya also plan to cut transport links with the Gulf nation , spiralling the incident into the worst diplomatic crisis in the Middle-East in decades. The rift was already having tangible effects, with dozens of flights cancelled , Qatari planes barred from regional airspace, and panic buying in Doha amid fears of food shortages.
