Vale (VALE) Stock Rebounds As Iron Ore Prices Snap Losing Streak
NEW YORK (TheStreet) -- Shares of Vale SA were rebounding by 1.6% to $5.41 in afternoon trading Thursday, as iron ore prices snap a 10-day losing streak to trade in the green. Vale, the world's largest producer of the steel-making ingredient iron ore, is reversing some of its losses as iron ore was gaining 9.9% to $48.99 a dry metric ton earlier today. Yesterday, iron ore prices tanked to reach ... Read News
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The stock market always prices stocks correctly - what a willing buyer and willing seller agree upon. However, price is not the same as value. ... Read Article
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Chesapeake Energy (CHK) Stock Up As Oil Prices Rally
NEW YORK (TheStreet) -- Chesapeake Energy stock is trading in the green 4.07% to $11.77 on Thursday with climbing oil prices. Crude oil (WTI) is advancing 2.52% to $52.95 per barrel and Brent crude is jumping 2.96% to $58.75 per barrel, according to the CNBC.com index. Oil prices rose with rallying Chinese stocks, as shares made their biggest gain in six years today. This alleviated concerns ... Read News
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Halcon Resources (HK) Stock Gains On Higher Oil Prices
NEW YORK (TheStreet) -- Shares of Halcon Resources were gaining 7.4% to $1.16 Thursday as oil prices were rising. WTI crude oil for August delivery was up 2.21% to $52.79 a barrel Thursday morning, and Brent crude oil for August delivery was up 2.98% to $58.75 a barrel. Oil prices were rising Thursday after Chinese stocks rebounded, according to the Wall Street Journal. Chinese stocks saw their ... Read News
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