U.S. stock futures little changed after short-lived Wagner mutiny in Russia
U.S. stock-index futures opened near unchanged and attempted to edge higher Sunday night,...
U.S. stock-index futures opened near unchanged and attempted to edge higher Sunday night, as investors reacted to chaotic weekend events that saw a short-lived rebellion that pitted the mercenary Wagner Group against the Russian military leadership. After advancing to within around two hours of Moscow, the mutiny was abruptly halted, with Wagner Group leader Yevgeny Prigozhin reportedly agreeing to depart for Belarus. Analysts said the events, while a potential plus for Ukraine 16 months after Russia’s invasion, appeared to weaken Russian President Vladimir Putin’s hold on the country, That raises concerns about the potential for further internal strife, a recipe for uncertainty that could feed volatility in financial markets.
Futures on the Dow Jones Industrial AverageYM00, 0.09% rose 20 points, while S&P 500 ES00, 0.10% futures ticked up 2.75 points and Nasdaq-100 futuresNQ00, 0.14% edged up 11.25 points shortly after the start of electronic trading. Moves for all three contracts amounted to less than 0.1%.
The American Petroleum Institute's latest monthly statistical report shows that US petroleum demand...
The American Petroleum Institute's latest monthly statistical report shows that US petroleum demand climbed by 65,000 barrels per day month over month to 19.9 million bpd in May, marking the second smallest increase for the month in 12 years. US crude oil production declined by 180,000 bpd on a monthly basis to 12.4 million bpd, while refinery throughput rose to 16.6 million bpd, according to the report.
Wagner chief says he ordered his Russian mercenaries to halt march on Moscow
The head of the private Russian military force Wagner said Saturday...
The head of the private Russian military force Wagner said Saturday he has ordered his mercenaries to halt their march on Moscow and retreat to their field camps in Ukraine to avoid shedding Russian blood.
The announcement from Yevgeny Prigozhin appeared to defuse a dramatically escalating crisis that represented the most significant challenge to President Vladimir Putin’s leadership in his more than two decades in power.
US drillers cut oil and gas rigs for eighth week in a row
U.S. energy firms this week cut the number of oil and natural gas rigs operating for...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since July 2020, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by 5 to 682in the week to June 23, the lowest since April 2022. That puts the total rig count down 71 rigs, or 9%, over this time last year.
U.S. oil rigsfell 6 to 546 this week, their lowest since April 2022, while gas rigsheld steady at 130.
The rig count fell by one to 50 in the Haynesville Shalein Arkansas, Louisiana, and Texas, the lowest since January 2022, and by one to 35 in Williston in North Dakota and Montana, the lowest since April 2022, according to Baker Hughes.
Benchmark U.S. crudeoil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel.
Wholesale gasoline for July delivery fell by 3 cents to $2.52 a gallon. July heating oilfell 6 cents to $2.41 a gallon. July natural gas rose 12 cents to $2.73 per 1,000 cubic feet.
