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Tag Archives: crude oil

Fluor Lands $2B DOE Oil Reserve Mgmt Contract Extension; Tom D’Agostino Quoted

A Fluor (NYSE: FLR) subsidiary has received a potential $2B contract extension to continue to manage and operate the country’s emergency crude oil supply for the Energy Department. DOE exercised a contract option for Fluor Federal Petroleum Operations to continue life extension construction and engineering work for the Strategic Petroleum Reserve …

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July 24th Market Close: GovConIndex Closes Up and Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) closed up for the third consecutive day to 98.461. Advancers barely outpaced decliners at 16 to 14. The major indices closed mixed on the day with the S&P500 at 2,469.94, while DJIA closed at 21,513.58. The NASDAQ Composite settled at a new record high of 6,410.81. …

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February 7 Market Close: GovCon Index Higher on Boeing Lift, US Stocks End Positive Despite PM Dip

Executive Mosaic’s GovCon Index closed higher Tuesday with a strong performance by Boeing (NYSE: BA) the main contributor, while U.S. stocks ended slightly green despite an afternoon descent as investors eyed oil price declines. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as nine of its 11 S&P 500 components …

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August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 …

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July 13 Market Close: GovCon Index Posts 4th Straight Gain, US Stocks Narrow on Oil Decline

Executive Mosaic’s GovCon Index held positive throughout Wednesday trade as U.S. stocks traded in narrow range on a fall in crude oil prices with second quarter earnings season on the horizon. The GovCon Index gained 0.229 points to a new record of 81.751 with eight of the GCI’s 11 S&P 500 stocks in green …

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May 16 Morning Report: GovCon Index Posts 1% Decline Friday

The GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points. U.S. investors remain wary as earnings reports from consumer companies were below expectations, although retail sales exceeded the consensus economist expectation with an increase of 1.3 percent in April, Reuters reported. …

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April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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March 1 Market Close: GovCon Index Surges 1% to Kick Off Month, Oil Up 2%

The GovCon Index started March with a surge of 1.09 percent to 72.922 in activity that reflected larger gains in U.S. markets spurred by a climb in oil prices and a new manufacturing report that exceeded economists’ expectations. The Index has held above 72 points for three consecutive closes and …

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February 29 Morning Report: GovCon Index Posts Nominal Decline Friday

The GovCon Index closed Friday with a nominal decline of 0.082 points to 72.487 on falling crude oil prices and a slight increase in inflation. The Index also posted a 1.538-percent gain for the week on economic uncertainty and commodity price declines. Top GovCon Index Gainers Symbol Company $ Current Price Net Change …

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February 25 Market Close: GovCon Index, US Stocks Advance on Durable Good Orders Data

The GovCon Index held strong from a choppy morning session Thursday and ended at a gain of 1.134 percent to 72.570, which brings the Index out of correction territory after a one-day re-entry at the previous session’s close. The Index was in correction, or 10 percent down from its most recent high, for 13 days …

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