Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia.

Oil futures were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks. 

It also brought the stock down to the lower rail of an upwardly-sloped trend channel and it caused the daily stochastic readings to move in to oversold territory. The lower rail and the 50-day moving average seem to be acting as support at this time and now the stochastic readings have made a bullish crossover.The last time the stock was set up like this was on March 8 and the stock rallied by over 22% in the next three weeks. In addition to the support and stochastics crossover, the Tickeron AI Trend Prediction tool generated a bullish signal for Devon on May 6.

Occidental Petroleum's recent jaunt to Omaha aboard a corporate jet presaged a $10 billion investment from Warren Buffett, and now the plane has traveled to the hometown of oil major Royal Dutch Shell. 

Chesapeake Energy (NYSE: CHK) -6.4% pre-market after falling short of Wall Street expectations for Q1 earnings and revenues; pre-market trading is active, with volume topping 600K shares at 7:30 a.m. 

Oil prices tumbled by more than 2 percent on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world’s two biggest economies. Read More...

Oil prices fell on Wednesday after U.S. crude inventories in the United States soared more than expected to their highest since September 2017 as production hit a record high. Read More...

Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran, and ongoing OPEC supply cuts. Read More...

Oil prices dipped on Friday on hopes that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States. Read More...

Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC’s continued curbs on supply.Read More...

Oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran. Read More...

Oil prices surged about 3% at midday on Monday, hitting fresh 2019 highs, after the Trump administration announced that all oil buyers will have to end imports from Iran in just over a week or be subject to U.S. sanctions. Read More...

The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. Read More...

President Nicolas Maduro is funneling cash flow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters.   Read More...

ConocoPhillips on Thursday announced it has struck an agreement to sell its U.K. oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea. Read More...

Oil prices steadied on Wednesday after Brent crude hit a 2019 high above $72 a barrel in early morning trade, supported by steady economic growth in China and data showing U.S. crude stockpiles shrank last week. Read More...

Oil prices fell on Monday as investors weighed mixed signals on global supply and signs that Russia may exit coordinated production cuts by nearly two dozen nations. Read More...

Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. Read More...

A resurgence in fighting around the Libyan capital of Tripoli this week has driven U.S. forces to pull out of the country and is providing a new upside risk to global oil prices, underscoring the OPEC producer’s importance to markets and the fragility of its supply. Read More...

The White House is planning to roll out an executive order next week that aims to cut regulations, spur interstate pipeline construction and lower energy costs, according to two senior administration officials. Read More...