Schlumberger Ltd. (SLB) Raises Quarterly Dividend 25% to $0.50; 2.6% Yield

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Go back to Schlumberger Ltd. (SLB) Raises Quarterly Dividend 25% to $0.50; 2.6% Yield

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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