The American Petroleum Institute (API) reported a build of 1.024...
The American Petroleum Institute (API) reported a build of 1.024 million barrels this week.
Analysts were expecting a slight decline in U.S. crude-oil inventories from the previous week, with data from the Energy Information Administration (EIA) due on Wednesday. Average analyst estimates were for a 300,000-barrel decline for the week ending June 9, though forecasts ranged from a draw of 2.5 million barrels to a build of 2 million barrels.
The total number of barrels of crude oil gained so far this year is more than 39 million barrels.
Inventories at Cushing, Oklahoma, rose by 1.5020 million barrels, similar to last week.
Benchmark U.S. crude oil for July delivery rose $2.30 to $69.42 a barrel Tuesday. Brent crudefor August delivery rose $2.45 to $74.29 a barrel.
Wholesale gasolinefor July delivery rose 8 cents to $2.56 a gallon. July heating oilrose 9 cents to $2.40 a gallon. July natural gas rose 7 cents to $2.34 per 1,000 cubic feet.
Donald Trump was arraigned on federal charges of illegally retaining classified documents and obstructing investigators. He pleaded not guilty.
Nearly two-and-a-half years after leaving the White House, Mr. Trump began the legal process of defending...
Nearly two-and-a-half years after leaving the White House, Mr. Trump began the legal process of defending himself against 37 counts lodged against him in the case of the documents, last week by the special counsel, Jack Smith.
Rental prices for offshore drilling rigs have doubled in the...
Rental prices for offshore drilling rigs have doubled in the past two years and could increase by an additional 18% as deepwater development continues to gain momentum,according to a Wood Mackenzie report. Offshore rig utilization has reached around 90%, and rental rates could surpass $500,000 a day by the end of the year, up from the $420,000-a-day average recorded in the first six months of 2023, the report predicts.
Dow rises 200 points after May inflation data underscores expectations for Fed pause
U.S. stocks rose Tuesday after inflation data reinforced expectations the Federal Reserve will refrain...
U.S. stocks rose Tuesday after inflation data reinforced expectations the Federal Reserve will refrain from raising interest rates on Wednesday, while China’s central bank eased its monetary policy.
The Dow Jones Industrial AverageDJIA, +0.43% rose 192 points, or 0.6%, to 34,258.
The S&P 500 SPX, +0.69% was up 31 points, or 0.7%, at 4,370.
The Nasdaq CompositeCOMP, +0.83% advanced 101 points, or 0.8%, to 13,567.
