a sign on the grass: San Felipe Street 5555 outside address stand with Marathon Oil Tower tenants on February 2016 in Houston, United States.


© Source: Valentin Martynov/Shutterstock.com
San Felipe Street 5555 outside address stand with Marathon Oil Tower tenants on February 2016 in Houston, United States.

Let’s face it. Oil companies in the United States are suffering, and they have been for much of the year. Marathon Oil (NYSE:MRO) is no different and shares of MRO stock have taken up residence in Penny Stock Land.



a sign in front of a tree: San Felipe Street 5555 outside address stand with Marathon Oil Tower tenants on February 2016 in Houston, United States.


© Provided by InvestorPlace
San Felipe Street 5555 outside address stand with Marathon Oil Tower tenants on February 2016 in Houston, United States.

Oil – black Gold – Texas tea – is kind of on the ropes, thanks to a combination of events.

Paramount among these events is the novel coronavirus. The pandemic spawned by Covid-19 has devastated the global economy. Almost any company associated with the travel industry, from airlines to hotel owners to oil companies, has nearly been crushed by the rapid and intense economic slowdown.

Consumers dramatically altered their lives in response to the pandemic. They stayed home (and shopped online). Trips were canceled. Airplanes were parked because travelers were few. And layoffs and business closures have been legion.

One ripple effect has been a sharp drop in the demand for oil. As a result, prices for the historic commodity have fluctuated widely. The volatility has been impressive. It wasn’t that long ago that the price of oil was actually a negative number, a numerical oddity that stunned many investors with a clear indication that this was not a normal situation.

Loading...

Load Error

What About MRO Stock?

The Houston-based energy firm, which has a market cap of about $3.46 billion, can trace its roots to 1887 and Standard Oil, taking twists and turns over the century-plus to even be a part of United States Steel.

Few people would describe Marathon Oil as a

For Immediate Release

Chicago, IL – October 5, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Valero Energy VLO, Phillips 66 PSX, Marathon Petroleum MPC, Royal Dutch Shell RDS.A and HollyFrontier HFC.

Here are highlights from Friday’s Analyst Blog:

Oil Posts Quarterly Gain as Supplies Fall for Third Week

U.S. oil prices eked out a quarterly gain after a government report revealed a weekly decrease in crude supplies that was contrary to expectations. The third straight fall in domestic oil stocks was accompanied by a decrease in distillate inventories.

Additionally, the agency said that gasoline stockpiles increased and oil supplies at the Cushing, OK, delivery hub rose too, but these had little effect on the positive response to the Energy Information Administration (“EIA”) data. On the New York Mercantile Exchange, WTI crude futures gained 93 cents, or 2.4%, to settle at $40.22 a barrel on Wednesday. The commodity moved 2.4% higher over the past three months.

Analyzing the Latest EIA Report

Below we review the EIA’s Weekly Petroleum Status Report for the week ending Sep 25.

Crude Oil:The federal government’s EIA report revealed that crude inventories fell by 2 million barrels compared to expectations of a 1.9 million-barrel build. The combination of a sizable increase in exports and a ramp up in refinery activity accounted for the surprise stockpile draw with the world’s biggest oil consumer even as domestic production stayed firm. This puts total domestic stocks at 492.4 million barrels — 16.5% higher than the year-ago figure and 13% higher than the five-year average.

On a bearish note, the latest report showed that supplies at the Cushing

Postponed from its usual April slot on the sporting calendar, the rejigged 2020 edition of the London Marathon finally takes place this weekend – read on to find out how to watch this iconic race online, no matter where in the world you are.xfhg

This year’s rescheduled event will only feature elite runners who have prepared for the event within a biosecure bubble in an ‘athletes only’ hotel outside of London. The route is also set to be somewhat unfamiliar, eschewing its famous trip around the UK capital’s landmarks for a more Covid-19-safe revised 19.6 lap closed-loop circuit around St James’s Park.hf

The race marks the first major event of the year for the majority of runners taking part on Sunday, with the big talking point a rare and much-anticipated match up between world record-holder Eliud Kipchoge and 2019 Berlin Marathon winner Kenenisa Bekele.

With weather conditions currently favouring fast finishing times, both runners will also have one eye on setting a new marathon world record.

There appears to be a similar objective for Kenyan superstar Brigid Kosge in the womens race, who will be looking to better her own world record, while Daniel Romanchuk and Manuela Schär both return to defend their wheelchair race titles.hfg

Who will win this year? Read on to find out how to watch the 2020 London Marathon no matter where you are in the world.

Marathons are long-distance running events with a lot of participants. London Marathon is one of them held in London, United Kingdom. London Marathon was established by Olympic winner and reporter Chris Brasher and athlete Jhon Disley in 1981. As a part of the World Marathon Majors (WMM), the London marathon is setting a lot of World records to break.g

Since 2010, the race has been sponsored by Virgin Money

From Runner’s World

Sara Hall kept picking off runners until the very end, chasing down Ruth Chepngetich in the final stretch of today’s race to finish second at the London Marathon in 2:22:01—a PR by 15 seconds. Brigid Kosgei won her second London in a row in 2:18:58.

Hall moved up steadily in the second half of the race. She went through halfway in 1:10:27 in ninth place. She moved into sixth place over the next 10 kilometers, then to fourth at 35K. At 40K, with only about a mile and a quarter to run, Hall was in third, 40 seconds behind Chepngetich. Hall, a former steeplechaser, kept pressing like she was in a track race, and sprinted past Chepngetich in the final 150 meters.

Hall, 37, is one of the country’s most prolific racers. Going into London, she told Runner’s World she had had a great buildup, and she was hoping for a PR and possibly a spot on the podium.

Stay up to the on the latest London Marathon news with RW+ 🏃♀️🇬🇧🏃♂️

Due to the pandemic, however, she hadn’t had any tuneup races to test her fitness. Her only race was a five-person half marathon on a bike path near Eugene, Oregon, where she ran 1:08:18, a PR.

“Not having races along the way to rest for meant I just have been grinding away with only one rest week since early April, and I’ve never done that before,” she wrote in an email. “You don’t have the endorphins of buildup races to help you build momentum.

“It’s taken a lot of long-term vision, but where I’m at in my career right now, I’m highly motivated to keep mining out my potential, so that kept me going. I keep responding better to the work than I ever have,

Postponed from its usual April slot on the sporting calendar, the rejigged 2020 edition of the London Marathon finally takes place this weekend – read on to find out how to watch this iconic race online, no matter where in the world you are.xfhg

This year’s rescheduled event will only feature elite runners who have prepared for the event within a biosecure bubble in an ‘athletes only’ hotel outside of London. The route is also set to be somewhat unfamiliar, eschewing its famous trip around the UK capital’s landmarks for a more Covid-19-safe revised 19.6 lap closed-loop circuit around St James’s Park.hf

The race marks the first major event of the year for the majority of runners taking part on Sunday, with the big talking point a rare and much-anticipated match up between world record-holder Eliud Kipchoge and 2019 Berlin Marathon winner Kenenisa Bekele.

With weather conditions currently favouring fast finishing times, both runners will also have one eye on setting a new marathon world record.

There appears to be a similar objective for Kenyan superstar Brigid Kosge in the womens race, who will be looking to better her own world record, while Daniel Romanchuk and Manuela Schär both return to defend their wheelchair race titles.hfg

Who will win this year? Read on to find out how to watch the 2020 London Marathon no matter where you are in the world.

Marathons are long-distance running events with a lot of participants. London Marathon is one of them held in London, United Kingdom. London Marathon was established by Olympic winner and reporter Chris Brasher and athlete Jhon Disley in 1981. As a part of the World Marathon Majors (WMM), the London marathon is setting a lot of World records to break.g

Since 2010, the race has been sponsored by Virgin Money