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Oil

Global Markets

Global Equity Markets Pull Back Friday, On Downside Corrections From Bull Runs

(Kitco News) – World stock markets were mostly lower overnight, on corrective and profit-taking pullbacks from recent gains that put many of the indexes at multi-month, multi-year or record highs. European stock indexes were also pressured on disappointing corporate earnings reports coming out of the European Union countries. Asian stocks were also hit by weaker mining shares. U.S. stock indexes are pointed toward lower openings when the New York day session begins. The U.S. indexes hit record highs this week and are on an extended bull run that is well overdue for a good downside correction.

Talk in the marketplace late this week of U.S. tax reforms that won't come as soon as some had expected also dented world trader and investor enthusiasm a bit Friday.

IPOs

Here's Where the Saudi Aramco IPO Will Be Listed

The Saudi Aramco IPO is likely to take place on exchanges in New York, Toronto, or London. Aramco favors the New York Stock Exchange, according to recent reports.

But the decision is trickier than simply choosing where the company will sell its shares, especially if the Saudi oil company wants to list on the NYSE.

Here's why holding the Aramco IPO in New York could pose a big problem and why investors interested in the world's biggest IPO need to be paying attention...

IPOs

These Are the Saudi Aramco IPO Underwriters

The Saudi Aramco IPO moved another step closer as Aramco announced JPMorgan, Morgan Stanley, and HSBC will be the lead underwriters for the oil giant's public offering.

The fees alone for participating banks could total more than $1 billion.

That's because the Aramco valuation is over $2 trillion, which will make it the biggest IPO of all time...

Global Markets

World Stock Markets Trade Mixed; FOMC Minutes On Deck

(Kitco News) – World stock markets were mixed Wednesday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins, after those indexes hit record highs again Tuesday.

The U.S. stock indexes are on a record-setting run that has the bulls very comfortable at present. However, the indexes are now way overbought, technically, and due for sizable downside corrections at any moment.

Gold prices are trading near steady in early U.S. trading. Bullish technicals are being offset by the strong U.S. dollar index this week.

Global Markets

World Stock Markets Pause Thursday, While Bond Markets Stabilize

(Kitco News) – Global equity markets were mostly weaker overnight, on corrective pullbacks from recent gains that have many stock indexes at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins, after posting record highs on Wednesday.

Gold prices are higher in early U.S. trading, amid a weaker U.S. dollar index today and a pause in the record-setting rally in the U.S. stock market

Oil

New Trump Transparency Rule Is a Boost for Oil Stocks in 2017

On Tuesday (Feb. 14), President Trump signed his third bill into law, eliminating a Dodd-Frank regulation requiring resource-extracting companies to disclose payments to foreign governments.

The new Trump transparency rule comes from the Congressional Review Act, which allows Congress to overturn recently made rules by the executive branch.

We're going to show you why it's a big deal, and why it's an even bigger deal for your money in 2017...

Global Markets

World Stock Markets Mostly Up; Heavy Slate Of U.S. Data On Deck Today

(Kitco News) – Asian and European stock markets were mostly higher Wednesday, following the lead of the U.S. stock indexes that set record highs on Tuesday. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

World equity markets were supported in part overnight by Federal Reserve Chair Janet Yellen on Tuesday giving an upbeat assessment of the world's major economies

Global Markets

World Marketplace Awaits Fed Chair Yellen's Remarks To U.S. Senate

(Kitco News) – Asian and European stock markets were mostly weaker Tuesday on some profit taking from recent gains. U.S. stock indexes are also pointed toward slightly lower openings when the New York day session begins. U.S. stock indexes set record highs on Monday.

Gold prices are moderately higher Tuesday. Some safe-haven demand has surfaced again following the resignation of President Trump's national security advisor, Mike Flynn, who made contradictory statements about his contacts with Russia.

Focus Tuesday is on testimony from Fed Chair Janet Yellen before the U.S. Senate, in the semi-annual Humphrey-Hawkins reports.

Oil

Cheap Oil Stocks Under $5

As a service to our readers, we've put together a list of 10 cheap oil stocks under $5.

Check out the stocks, including share prices and year-to-date returns for each.

But for investors looking to profit from rising oil prices and less regulation from the Trump administration, we do have some oil stocks that will be great plays in 2017.

Oil

The Best Crude Oil Stock in 2017

Last January, crude oil prices hit their lowest price in 10 years. Since then, oil prices have surged 48%, and they are going even higher in 2017.

To help you profit from these soaring prices, we're giving you the best crude oil stock in 2017.

But before we get to our best oil stock to buy now, here's why oil stocks are great plays in 2017...