Gold Below $5,000 as Firmer Dollar WeighsCONCLUDED[Stock Market News From Feb. 5, 2026: Dow Falls 600 Points]Last Updated:---15 hours ago# Gold Below $5,000 as Firmer Dollar WeighsByGiulia Petroni, Dow Jones NewswiresGold prices edged lower in early trading, holding below the $5,000 mark in the absence of fresh catalysts and amid a stronger dollar.Futures in New York fell 0.1% to $4,944 a troy ounce, while the U.S. dollar index—which measures the greenback against a basket of major currencies—is up 0.1% at ...

Group 1 - SM Energy Company (NYSE:SM) is recognized as one of the 10 Cheap Stocks with Huge Upside Potential, with a Buy rating reaffirmed by KeyBanc and a price target of $28 [1] - RBC Capital analyst Scott Hanold lowered the price target from $35 to $29 while maintaining a Hold rating, reflecting updated estimates after the fourth-quarter commodity mark-to-market analysis [1][2] - Mizuho Securities analyst William Janela maintained a Buy rating but reduced the price target from $38 to $34, indicating an 82% upside potential from current levels, attributed to a slower activity pace compared to previous assumptions [3] Group 2 - SM Energy operates as an independent energy company involved in the exploration, production, acquisition, and development of gas, oil, and natural gas liquids in Texas, founded in 1908 and based in Denver, Colorado [4]

Core Insights - Oil prices increased by more than $1 a barrel due to stalled export negotiations from Iraq's Kurdistan, alleviating concerns about global oversupply [1][2] - Brent crude futures rose by $1.06 (1.6%) to $67.63 per barrel, while U.S. West Texas Intermediate crude increased by $1.13 (1.8%) to $63.41 per barrel [1] Oil Export Dynamics - Pipeline oil exports from Iraq's Kurdistan to Turkey remain halted, with a deal to resume exports of approximately 230,000 barrels per day still pending [2] - The deadlock has persisted since March 2023, as key producers are seeking debt repayment guarantees [2] Market Sentiment - Analysts indicate that the market reacted negatively to initial reports of a Kurdistan deal, but the absence of a finalized agreement has removed those anticipated barrels from the market [3] - The global oil market is facing challenges from elevated supply and slowing demand, influenced by the rise of electric vehicles and economic pressures from U.S. tariffs [3] Supply Outlook - The International Energy Agency forecasts a rapid increase in world oil supply this year, with a potential surplus expanding by 2026 due to increased output from OPEC+ and non-OPEC sources [4] - Traders are closely monitoring the European Union's potential stricter sanctions on Russian oil exports and geopolitical tensions in the Middle East [4] Inventory Trends - Low OECD oil inventories are seen as a supportive factor for prices, while increased crude exports from OPEC+ and the absence of new sanctions on Russian oil exports pose challenges [5] - Recent data indicates a decline in U.S. crude and gasoline stocks, with crude stocks falling by 3.82 million barrels and gasoline inventories decreasing by 1.05 million barrels [6]