During Monday’s Afternoon trade, Shares of Oasis Petroleum Inc. (NYSE:OAS), lost -0.60% to $16.53, as Crude oil futures fell for a second straight session on Monday on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis.
The slide came despite data from market intelligence firm Genscape suggesting a big draw on the week on stockpiles at the Cushing, Oklahoma delivery point for U.S. crude futures. Reuters Reports.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Shares of United Continental Holdings, Inc. (NYSE:UAL), inclined 1.88% to $54.25, during its current trading session, as some airline stocks get a boost from positive comments made about them in a Barron’s report published over the weekend.
The report stated that the top four carriers in the U.S, United, Delta Air Lines (DAL), American Airlines (AAL), and Southwest Airlines (LUV) could all see their shares rise between 15% and 50% in a year.
Declining debt, rising profit margins, cut backs on regional flying and reductions in small planes are all positive factors that can assist lead United to a growth in shares, Barron’s noted.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
Finally, The Western Union Company (NYSE:WU), gained 0.47%, and is now trading at $21.40.
The Western Union Company, and MasterCard (MA) formalized a deal that will enable remittances originated from nearly anywhere across the globe to be received on Maestro and MasterCard consumer cards using automated teller machines (ATMs) across Romania, one of the largest remittance receivers in Eastern Europei.
An innovative tripartite agreement between Western Union, MasterCard and Banca Transilvania (BT) will provide the choice to millions of cardholders to withdraw international remittances from over 900 BT owned ATMs in Romania. The service is predictable to be activated later this year.
The initiative realizes Western Union’s strategy in giving customers choice; while adding to the company’s growing foray in directing global remittances into account-based channels.
“This is a ground-breaking deal which brings together the unique capability of Western Union’s global cross-border capability spanning 200 countries and territories, MasterCard’s world-leading payment capabilities and the domestic network of Romania’s third largest bank,” said Odilon Almeida, President of the Americas and European Union, Western Union.
“In an age when speed, convenience and trust mean everything for people using Western Union, we are committed to making it easy, fast and dependable for our customers to access their funds— nearly anytime, nearly any way and almost anywhere in the world,” he said.
“Senders will still be able to use any of Western Union’s global cash or digital pay-in options. Now MasterCard and Maestro cardholders in Romania will be able to withdraw these funds quickly in cash or load the funds directly onto their cards. We are putting customers in the driver’s seat to access their international remittances with the convenience, efficiency and control that so many are seeking,” he added.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
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