Oil prices fell more than 3 percent after government data showed that U.S. crude stockpiles unexpectedly rose in the last week, though not by as much as an earlier industry report indicated, according to CNBC
Inventories of U.S. commercial crude jumped by 2.6 million barrels in the week through Dec. 25, according to the Energy Information Administration.
A Reuters poll of nine analysts estimated that crude stocks fell 2.5 million barrels. The American Petroleum Institute, an industry group, on Tuesday reported a 2.9 million barrel build-up in U.S. stocks.
Front-month U.S. West Texas Intermediate crude futures settled down 3.35 percent, or $1.27, at $36.60 a barrel. Brent was down $1.34, or 3.5 percent, at $36.44 a barrel.
Crude stocks at the Cushing, Oklahoma, delivery hub increased by 892,000 barrels to a record, EIA said. CNBC Report
On Wednesday, Alcoa Inc (NYSE:AA)’s shares declined -1.68% to $9.96. The market capitalization of Alcoa Inc (NYSE:AA) is $13.27 billion with the total traded volume of the company is 23.53 million. The beta ratio has a value of 1.20.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
KeyCorp (NYSE:KEY)’s shares dropped -1.27% to $13.25. The last trading range of KeyCorp (NYSE:KEY) ranges between $13.25 and $13.38. The EPS of the company stands at $1.07. The 52-week range shows that the stock reached higher at $15.70 while its lower range is $12.04 in the last 52-weeks. The average volume of the company is at 13.11 million with the Outstanding Shares of 835.37 million. The market capitalization of the company is $11.21 billion. The Beta of the company stands at 1.33 with the RSI (Relative Strength Index) of 51.45.
KeyCorp. operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Colgate-Palmolive Company (NYSE:CL)‘s shares dipped -0.21% to $67.51. Colgate-Palmolive Company (NYSE:CL) is now worth about $60.68 billion. The share price has made a 2.96% gain in the past 5 days and has lost -2.4% since 2015 kicked off. Analysts are forecasting EPS growth of 2.70% for next fiscal year and 6.70% growth in the next 5 years. The stock trades with a beta of 0.53. The stock price is above below by 2.03% as contrast to the average price over the last 200 days. The company has 58.70% gross margins.
Colgate-Palmolive Company, together with its auxiliaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition.