Oil prices tumbled Wednesday after data showed an unexpected increase in U.S. crude supplies, according to WSJ
Diesel futures dropped to the lowest level since 2004 as U.S. stockpiles of distillates, a category that includes diesel fuel and heating oil, rose more than expected.
A global glut of crude has weighed on the market for more than a year. Oil prices are on course to fall by more than a third this year as big suppliers such as Saudi Arabia and Russia have continued pumping crude in a bid to defend their market share. Meanwhile, U.S. crude output has been resilient despite the low prices, and much of the excess has gone into storage.
Light, sweet crude for February delivery settled down $1.27, or 3.35%, at $36.60 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, declined $1.33, or 3.5%, to $36.46 a barrel on ICE Futures Europe. WSJ Report
On Wednesday, EnteroMedics Inc (NASDAQ:ETRM)’s shares inclined 32.08% to $0.140. With its recent share price change, ETRM market value has reached roughly $11.28M billion. Its most recent quarter balance sheet showed the company is standing at a 3.80 current ratio. The stock’s performance in 1 month is -22.57% and its volatility for the same period is 31.36%.
EnteroMedics Inc., a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders.
Potash Corporation of Saskatchewan (USA) (NYSE:POT)’s shares dropped -1.64% to $17.44. The market capitalization of Potash Corporation of Saskatchewan (USA) (NYSE:POT) is $14.78 billion with the total traded volume of the company is 5.31 million. Turning to market valuation, the Price-to-Earnings ratio is 9.91, the Price-to-Sales ratio is 2.14 and the Price-to-Book ratio is finally 1.69. The dividend yield amounts to 8.72 percent and the beta ratio has a value of 0.94.
Potash Corporation of Saskatchewan Inc., together with its auxiliaries, produces and sells fertilizers and related industrial and feed products worldwide. The company operates in three segments: Potash, Nitrogen, and Phosphate. It mines and produces potash, which is primarily used as fertilizer.
Teck Resources Ltd (USA) (NYSE:TCK)‘s shares dipped -2.31% to $3.81. The last trading range of Teck Resources Ltd (USA) (NYSE:TCK) ranges between $3.76 and $3.91. The EPS of the company stands at $-2.37. The 52-week range shows that the stock reached higher at $16.40 while its lower range is $3.04 in the last 52-weeks. The average volume of the company is at 7.20 million with the Outstanding Shares of 566.80 million. The market capitalization of the company is $2.27 billion. The Beta of the company stands at 2.29 with the RSI (Relative Strength Index) of 45.86.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
