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Stock impact report

Newpark Resources Inc (NR): A High-Potential Pick Among the Best Oilfield Services Stocks to Buy Now [Yahoo! Finance]

Newpark Resources, Inc. (NR) 
Last newpark resources, inc. earnings: 2/6 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.newpark.com
Company Research Source: Yahoo! Finance
Brent crude oil prices have dropped below $80 per barrel from more than $90/bbl in April because of reduced demand for oil, growing worldwide stockpiles, and a decrease in geopolitical risks. In the first half of the year, prices were extremely volatile owing to rising geopolitical tensions, reductions in production by OPEC+ members, and indications of strengthening worldwide industrial production. Global oil demand is decelerating, mirroring difficulties in the worldwide economic landscape, especially the reduction in China's economic expansion. Amid the deceleration, oil prices finding support above the $70 barrel should be a boon for the oilfield service sector, which is highly dependent on oil and gas prices. The oilfield and service sector is made up of companies that offer assistance to companies involved in the exploration and production of oil and gas. Consequently, the best oilfield services stocks to buy are of companies that assist in the production, repair, and upkeep Show less Read more
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