Oasis (OAS) (NOG) (OCZ) (POL) (MTGE) Ratings, PT

Oasis Petroleum Inc. (OAS), Northern Oil & Gas, Inc. (NOG), Ocz Technology Group Inc. (OCZ), PolyOne (POL) and American Capital

Mortgage Investment (MTGE) had ratings and price targets adjusted by analysts.

Global Hunter Securities downgraded Northern Oil & Gas, Inc. (NOG) from a “Buy” rating to an “Accumulate” rating. They have a price target of $29.00 on the company, down from $30.00.

CapitalOne Southcoast upgraded Oasis Petroleum Inc. (OAS) from a “Neutral” rating to a “Buy” rating.

Lazard Capital initiated coverage on shares of Ocz Technology Group Inc. (OCZ). They placed a “Neutral” rating on the company.

Northcoast Research downgraded PolyOne (POL) from a “Buy” rating to a “Neutral” rating.

Compass Point initiated coverage on American Capital Mortgage Investment (MTGE). They placed a “Buy” rating and a price target of $20.00 on the company.

Oasis (OAS) (CL) (COLB) (CROX) (CSTR) Ratings Reiterated

Oasis Petroleum Inc. (NYSE: OAS), Colgate-Palmolive Company (NYSE: CL), Columbia Banking (NASDAQ: COLB), Crocs (NASDAQ: CROX) and Coinstar (NASDAQ: CSTR) had ratings on them reiterated by analysts.

Sterne Agee reiterated its “Neutral” rating on Oasis Petroleum Inc. (OAS).

Oppenheimer reiterated its “Market Perform” rating on Colgate-Palmolive Company (CL) .

Wunderlich reiterated its “Buy” rating on Columbia Banking (COLB).

Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on Crocs (CROX).

Morgan Keegan reiterated its “Outperform” rating on Coinstar (CSTR). They have a price target of $60.00 on the company.

Oasis (OAS) (ED) (OGE) (DXCM) (OLN) (DRIV) Downgraded

Oasis Petroleum Inc. (NYSE: OAS), Consolidated Edison, Inc. (NYSE: ED), OGE Energy Corp. (NYSE: OGE), DexCom Inc (NASDAQ: DXCM), Olin Co. (NYSE: OLN) and Digital River, Inc. (NASDAQ: DRIV) were downgraded by analysts.

Oasis Petroleum Inc. (OAS) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.

Consolidated Edison, Inc. (ED) was downgraded by Jefferies (NYSE:JEF) from a “Hold” rating to an “Underperform” rating. They have a price target of $56.50 on the company, up from $51.00.

OGE Energy Corp. (OGE) was downgraded by Jefferies from a “Buy” rating to a “Hold” rating. They have a price target of $56.00 on the company.

DexCom Inc. (DXCM) was downgraded by Feltl & Co. from a “Buy” rating to a “Hold” rating.

Olin Co. (OLN) was downgraded by Wells Fargo & Co. (NYSEA:WFC) from an “Outperform” rating to a “Market Perform” rating.

Digital River, Inc. (DRIV) was downgraded by First Analysis from an “Overweight” rating to an “Equal Weight” rating.

Quiksilver (ZQK) (ABC) (BBBY) (ABMD) (OAS) (AH) Upgraded

Quiksilver, Inc. (NYSE: ZQK), AmerisourceBergen Corp. (NYSE: ABC), Bed Bath & Beyond Inc. (NASDAQ: BBBY), Abiomed (NASDAQ: ABMD), Oasis Petroleum Inc. (NYSE: OAS) and Accretive Health, Inc. (NYSE: AH) upgraded by analysts.

Quiksilver, Inc. (ZQK) was upgraded by FBR Capital from an “Underperform” rating to a “Market Perform” rating. They have a price target of $4.00 on the company.

AmerisourceBergen Corp. (ABC) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $49.00 on the company.

Bed Bath & Beyond Inc. (BBBY) was upgraded by Cowen from a “Neutral” rating to an “Outperform” rating.

Abiomed (ABMD) was upgraded by Rodman & Renshaw from an “Underperform” rating to a “Market Perform” rating.

Oasis Petroleum Inc. (OAS) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $4.95 on the company, down from $33.00.

Accretive Health, Inc. (AH) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.

Taubman (TCO) (OAS) (TI) (ALTR) (NMM) (BAM) Upgraded

Taubman Centers Incorporated (NYSE: TCO), Oasis Petroleum Inc. (NYSE: OAS), Telecom Italia (NYSE: TI), Altera (NASDAQ: ALTR), Navios Maritime Partners L.P. (NYSE: NMM) and Brookfield Asset Management Inc. (NYSE: BAM) upgraded by analysts.

Taubman Centers Incorporated (TCO) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.

Oasis Petroleum Inc. (OAS) was upgraded by SunTrust (NYSE:STI) from a “Neutral” rating to a “Buy” rating.

Telecom Italia (TI) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Underweight” rating to a “Neutral” rating.

Altera (ALTR) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $46.00 on the company.

Navios Maritime Partners L.P. (NMM) was upgraded by Cantor Fitzgerald from a “Hold” rating to a “Buy” rating.

Brookfield Asset Management Inc. (BAM) was upgraded by TD Newcrest from a “Hold” rating to a “Buy” rating.

Newmont (NEM) (WY) (SWN) (PCL) (PFE) (OAS) Upgraded

Newmont Mining Co. (NYSE: NEM), Weyerhaeuser (NYSE: WY), Southwestern Energy (NYSE: SWN), Plum Creek Timber Co. (NYSE: PCL), Pfizer Inc (NYSE: PFE) and Oasis Petroleum Inc. (NYSE: OAS) upgraded by analysts.

Weyerhaeuser (WY) was upgraded by UBS AG (NYSE:UBS) from a “Sell” rating to a “Neutral” rating.

Southwestern Energy (SWN) was upgraded by Global Hunter Securities from a “Reduce” rating to a “Neutral” rating. They have a price target of $39.00 on the company.

Plum Creek Timber Co. (PCL) was upgraded by UBS AG from a “Sell” rating to a “Neutral” rating.

Pfizer Inc. (PFE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.

Oasis Petroleum Inc. (OAS) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. The have a price target of $34.00 on the company.

Newmont Mining Co. (NEM) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $76.00 on the company.

Price Targets on JA Solar (JASO) (OAS) (PNM) (FFIV) (NWSA) Adjusted by Analysts

JA Solar (NASDAQ: JASO), Oasis Petroleum Inc. (NYSE: OAS), PNM Resources, Inc. (NYSE: PNM), F5 Networks (NASDAQ: FFIV) and News Corp. (NASDAQ: NWSA) price targets changed by analysts.

Wunderlich boosted their price target on F5 Networks (FFIV) from $115.00 to $120.00. They have a "Hold" rating on the company.

Collins Stewart slashed their price target on JA Solar (JASO) to $4.50.

Wedbush cut their price target on News Corp. (NWSA) from $21 to $20.00. They have an "Outperform" rating on the company.

Wunderlich raised their price target on Oasis Petroleum Inc. (OAS) from $39.00 to $44.00. They have a "Buy" rating on the company.

Jefferies (NYSE:JEF) increased their price target on PNM Resources, Inc. (PNM) to $17.00.

News Corp. closed Tuesday at $15.35, falling $0.13, or 0.84 percent. JA Solar closed at $4.56, down $0.12, or 2.56 percent. PNM Resources closed at $16.84, gaining $0.03, or 0.18 percent. Oasis closed at $28.73, up $0.18, or 0.63 percent. F5 Networks ended the day at $110.40, losig $2.38, or 2.11 percent.

Baker Hughes (BHI) (NOV) (OAS) (BRY) (XCO) Trading Up

Shares of Baker Hughes Incorporated (NYSE:BHI), National-Oilwell Varco, Inc. (NYSE:NOV), Oasis Petroleum (NYSE:OAS), Berry Petroleum (NYSE:BRY) and Exco Resources Inc. (NYSE:XCO) were trading up today as oil prices rebounded later in the session.

The expiring U.S. June crude contract was up 98 cents to $99.42 a barrel, after falling as low as $95.99.

U.S. July crude climbed $1 to $99.93, bouncing back after falling to $96.35.

Shares of oil companies like BP (NYSE:BP), Anadarko (NYSE:APC), Transocean and Cameron International (NYSE:CAM), all of which were connected to the Gulf oil spill, were all trading up on news of the settlement between BP and Macondo Well partner Mitsui (OTC:MITSY).

Exco Resources Inc. (XCO) was trading at $20.59, gaining $0.26, or 1.28 percent, as of 2:52 PM EDT. Berry Petroleum (BRY) was at $50.41, up $1.52, or 2:54 percent. Oasis Petroleum (OAS) was trading at $29.83, up $1.06, or 3.68 percent. National-Oilwell Varco, Inc. (NOV) was at $68.12, gaining $0.19, or 0.28 percent. Baker Hughes Incorporated (BHI) was trading at $70.80, gaining $0.23, or 0.33 percent.

Petrohawk (HK) (XCO) (OAS) (RRC) (NOG) Trade Mixed as Energy Falls

Shares of Petrohawk Energy Corp. (NYSE:HK), Exco Resources Inc. (NYSE:XCO), Oasis Petroleum (NYSE:OAS), Range Resources (NYSE:RRC) and Northern Oil and Gas (Amex:NOG) traded mixed on Thursday as oil and gas were down on the day.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.

Petrohawk Energy Corp. (HK) closed Thursday at $24.16, falling $0.16, or 0.66 percent. Oasis Petroleum (OAS) closed at $28.77, gaining $0.42, or 1.48 percent.

Petrohawk (HK) (SLB) (NOG) (KOG) (OAS) Up on Lower Gas Inventory

Shares of oil companies Petrohawk Energy Corp. (NYSE:HK), Schlumberger (NYSE:SLB), Northern Oil and Gas (Amex:NOG), Kodiak Oil & Gas (Amex:KOG) and Oasis Petroleum (NYSE:OAS) were trading up today after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.

Light, sweet crude West Texas Intermediate oil for June delivery is up $3.61 to $100.52 a barrel on the Nymex.

Brent crude July contracts rose $2.74 to $112.73 a barrel.

This could be an indicator that refinery demand may possibly be on the rebound.

MF Global wrote in a note to clients, “We think oil prices will continue to erode and we still think $90 is a reasonable short-term target on WTI, although short-term, we are getting a tad oversold and may be in for a bounce here.”

Oasis Petroleum (OAS) was trading at $28.02, gaining $1.37, or 5.14 percent, as of 2:38 PM EDT. Kodiak Oil & Gas (KOG) was at $6.36, up $0.37, or 6.18 percent. Northern Oil and Gas (NOG) was trading at $20.16, increasing $1.61, or 8.68 percent. Schlumberger (SLB) was at $83.48, rising $1.42, or 1.73 percent. Petrohawk Energy Corp. (HK) was trading at $24.20, jumping $0.45, or 1.89 percent.

Shares of (PBR) (HES) (WTI) (OAS) (RRC) Close Up

Petrobras (NYSE:PBR), Hess Corporation (NYSE:HES), W&T Offshore (NYSE:WTI), Oasis Petroleum (NYSE:OAS) and Range Resources (NYSE:RRC) all closed up on Tuesday even as energy prices were falling

Benchmark crude for June delivery dropped 47 cents to settle at $96.91 a barrel on the New York Mercantile Exchange. It fell as low as $95.02 during the trading session.

Natural gas was down 3 percent, falling 13.3 cents to $4.246 per 1,000 cubic feet.

In Nymex trading in June contracts, heating oil fell 2.93 cents to settle at $2.8451 per gallon, gasoline futures were down 1.18 cents to settle at $2.9193 a gallon and natural gas declined 13.3 cents to settle at $4.246 per 1,000 cubic feet.

In London, Brent crude for June delivery was lower by 85 cents to settle at $109.99 on the ICE Futures exchange.

Petrobras (PBR) closed Tuesday at $34.27, gaining $0.65, or 1.93 percent.

Oasis Petroleum (OAS) Trades Down as Oil Prices Drop

Oasis Petroleum (NYSE:OAS) was under pressure as oil as gas prices fell Wednesday, dragging most of the energy companies down with them.

Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.

Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.

The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.

Oasis Petroleum Inc. participates in the acquisition and development of oil and natural gas resources primarily in the Williston Basin.

Oasis Petroleum (OAS) closed Wednesday at $27.24, down $1.48, or 5.15 percent.

Ratings on (MU) (MCD) (MXL) (OAS) (ONNN) Reiterated

Ratings on shares of Micron Technology, Inc. (NASDAQ: MU), McDonald’s (NYSE: MCD), MaxLinear Inc (NYSE: MXL), Oasis Petroleum Inc. (NYSE: OAS) and ON Semiconductor (NASDAQ: ONNN) were reiterated by analysts.

Sterne Agee placed a price target of $17.00 on Micron Technology, Inc. (MU).

Sterne Agee reiterated a “buy” rating on McDonald’s (MCD).

Deutsche Bank (NYSE:DB) reiterated a “buy” rating on MaxLinear Inc (MXL). They have a price target of $12.00 on the company.

Sterne Agee reiterated a “neutral” rating on NVIDIA (NVDA).

Wunderlich reiterated a “buy” rating on Oasis Petroleum Inc. (OAS).

Deutsche Bank reiterated a “buy” rating on ON Semiconductor (ONNN). They have a price target of $15.00 on the company.

Whiting (WLL) (OAS) (BHI) (BPL) (PTR) Trade Mixed as Oil Prices Rebounded

Shares of Whiting Petroleum (NYSE:WLL), Oasis Petroleum (NYSE:OAS), Baker Hughes Incorporated (NYSE:BHI), Buckeye Partners L.P. (NYSE:BPL) and PetroChina (NYSE:PTR) traded mixed even as oil prices closed Friday in positive territory.

On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.

For the week, front-month crude climbed $2.47, or 2.5 percent.

ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.

The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.

NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.

For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.

NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.

Front-month heating oil for last week was up 9.65 cents.

Whiting Petroleum (WLL) closed Friday at $62.39, dropping $0.57, or 0.91 percent.

Oasis Petroleum (NYSE:OAS) Trades Up as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Oasis Petroleum (NYSE:OAS) a boost on the day.

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Oasis Petroleum Inc. participates in the acquisition and development of oil and natural gas resources via its its subsidiary, Oasis Petroleum LLC.

Oasis Petroleum (OAS) closed at $28.72, rising $0.06, or 0.21 percent.

Oasis (OAS) (WLL) (FTI) (GST) (APC) Trade Mixed as Oil Prices Rebound

Most oil and related companies performed strong Monday, as Oasis Petroleum (NYSE:OAS), Whiting Petroleum (NYSE:WLL), FMC Technologies, Inc. (NYSE:FTI), Gastar Exploration Ltd (AMEX:GST) and Anadarko (NYSE:APC) traded mixed as the price of oil rebounded.

Gastar was the only one of the list above to close down Monday.

Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.

Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.

Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.

The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.

Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.

Whiting Petroleum (WLL) closed Monday at $65.19, soaring $2.81, or 4.50 percent.

Shares of (EGY) (OAS) (CXPO) (BOLT) (CAM) Trade Mixed as Oil Closed Down 15% Last Week

Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Vaalco Energy (NYSE:EGY), Oasis Petroleum (NYSE:OAS), Crimson Exploration (NASDAQ:CXPO), Bolt Technology Corp. (NASDAQ:BOLT), Cameron International (NYSE:CAM), and others, down with it.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.

For the week, the June oil futures contract fell 14.7 percent to $113.93.

Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.

In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.

Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.

According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.

All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.

In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.

Petrobras (PBR) closed Friday at $34.35, dropping $0.13, or 0.38 percent.

Chevron (CVX) (OAS) (RRC) (WTI) (SHI) Pressured as Oil Falls

Shares of oil and oil-related companies Chevron (NYSE:CVX), Oasis Petroleum (NYSE:OAS), Range Resources (NYSE:RRC), W&T Offshore (NYSE:WTI) and SINOPEC Shangai Petrochemical (NYSE:SHI) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.

Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.

Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.

Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.

Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.

The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.

Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.

Chevron (CVX) closed Thursday at $102.62, down $2.06, or 1.97 percent.

Marathon (MRO) (DVN) (SHI) (HK) (OAS) Trade Down on Slowing Oil Demand

Oil companies and other industry-related companies Devon Energy (NYSE:DVN), SINOPEC Shangai Petrochemical (NYSE:SHI), Petrohawk Energy Corp. (NYSE:HK), Oasis Petroleum (NYSE:OAS) and Marathon Oil (NYSE:MRO) all closed down Wednesday as oil prices took a breather.

Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.

In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.

The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.

Petrohawk Energy Corp. (HK) closed Wednesday at $24.04, falling $1.17, or 4.64 percent.

Marathon (MRO) (BOLT) (CLR) (CRZO) (OAS) Drop as Oil Prices Fall

Decreasing demand for fuel has pushed down oil inventories and the price of oil, putting pressure on Marathon Oil (NYSE:MRO), Bolt Technology Corp. (NASDAQ:BOLT), Continental Resources (NYSE:CLR), Carrizo Oil & Gas (NASDAQ:CRZO) and Oasis Petroleum (NYSE:OAS).

Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.

Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.

Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.

Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.

After selling out of silver commodity traders followed up with divesting of positions in oil as well.

Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.

Oasis Petroleum (OAS) closed Tuesday at $29.12, falling $1.05, or 3.48 percent.