Rowan Companies PLC, Esports Entertainment Group, Yeti Holdings and Tailored Brands are also moving in the trading session
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Apple shares dropped after a report that its biggest iPhone assembler, Foxconn, plans to cut $2.88 billion from expenses in 2019
Resolute Forest Products, North American Construction Group and Kala Pharmaceuticals are also moving in the trading session
Market melt-ups can go on for awhile, but eventually lead to meltdowns
This week saw a UK gas shortage, new discoveries, and share placings
Brent crude was holding above US$50 while WTI fell below US$50 a barrel.
The prospect of the freeze in OPEC production is gaining more credibility, on Friday, Brent crude was priced above US$51.
A stronger sense of sentiment is back and in early trading on Friday, Brent crude was priced around US$52.
We are entering an era of the 'mega-frac', as US producers create more fractures in rock to get more oil and gas out. And the 'mega-frac' requires mega sand to keep the fractures open, creating a bonanza situation particularly for unique micro-cap sand miners
In early trading on Friday, Brent crude was priced above US$47 with WTI close to US$46 a barrel.
On Friday, Brent crude was priced close to US$46 with WTI above US$43 a barrel.
Brent crude was holding above US$49 on Friday with WTI finding strength around US$47 a barrel.
It has been a pretty gloomy week for oil traders - but what lies in store?
An initial rebound was dashed following expectations of a stronger dollar.
Apparent political progress in Baghdad may prove something of a de-risking factor for Gulf Keystone, but, may also help embolden DNO as it is a major contributor to the Kurdistan’s export volumes.
Just over 150,000 barrels of daily crude productionin the Gulf of Mexico is currently shut-in due to storm precautions.
Both the oil price and the crude market’s fundamental recovery remain fragile, according to Goldman Sachs.
The market is anticipating a more conciliatory tone from OPEC producers in coming weeks.
The market is betting on a change in direction from OPEC well, a pause or ‘freeze’ at least.
Analysts however are sceptical that a freeze in production at current levels would help shore up prices.
OPEC producers will only agree on a production freeze if everyone, including the Iranians agree to a cut.
Supply stats from the Middle East and USA don't bode well given the IEA has also downgraded its demand forecast for 2017.
Sentiment was not helped by Saudi Arabia reporting it pumped a record 10.67bn barrels of oil a day in July
Brent added 2.2% to US$45.30 while WTI rose to US$42.95 per barrrel
In early trading on Friday, Brent crude was priced above US$43 with WTI holding around US$41 a barrel.