Schlumberger Ltd. (SLB) Raises Quarterly Dividend 25% to $0.50; 2.6% Yield
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Oil Stocks on Watch as WTI, Brent Advance (USO)
January 14, 2015 2:34 PM EST(Updated - January 14, 2015 2:40 PM EST)
Oil stocks were on watch Wednesday as WTI and Brent advanced, marching higher by 5%. Gains followed the release of Fed's Beige Book.
In a statement to Bloomberg, Citi energy analyst Tim Evans said gains are "inspired by the assumption that prices have fallen as much as they need to fall given market conditions."
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