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Stock impact report

Oil and gas activity eased in Q3 as pessimism reigns, Dallas Fed survey says [Seeking Alpha]

StoneX Group Inc. (SNEX) 
Company Research Source: Seeking Alpha
Libya's factions signed an agreement on the process for appointing a central bank governor, an initial step in resolving the dispute that has slashed the company's oil output and exports. Tuesday's rally sparked by the announcement of Chinese stimulus measures has fizzled , as "expectations are that this round of stimulus won't be sufficient to buoy the sluggish economy," the StoneX energy team led by Alex Hodes wrote. The U.S. Energy Information Administration reported bigger than expected declines in crude oil, gasoline and distillate stocks for last week, as refineries reduced their capacity use. Commercial crude oil stocks fell by 4.5M barrels to 413M barrels in the week ended September 20, and were ~5% below the five-year average for the time of year, the EIA said. Meanwhile, the Bureau of Safety and Environmental Enforcement said 511K bbl/day of oil were shut in as Hurricane Helene moved into the Gulf of Mexico. "A pending resolution to Libya's central bank crisis wou Show less Read more
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