LONDON (Reuters) -Oil prices edged lower on Thursday...
LONDON (Reuters) -Oil prices edged lower on Thursdayon growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation.
By 1312 GMT, Brent crude futures were down 66 cents at $95.89 a barrel after rising to their highest level since last November earlier in the session. The November contract expires on Friday.
The December Brent contract was down 65 cents at $93.71 a barrel.
U.S. West Texas Intermediate crude futures (WTI) were 76 cents lower at $92.92 a barrel, after rising above $95 earlier in the session for the first time since August 2022.
An S&P Global Commodity Insights analysis shows that nine of the largest North American natural gas...
An S&P Global Commodity Insights analysis shows that nine of the largest North American natural gas producers have locked in an average price of $3.35/Mcf for half of the gas they expect to produce in the last six months of 2023. Rising gas prices have also prompted drillers to ramp up hedging activity for 2024 production, according to the report.
Fracking's strain on water supplies demands new solutions
The oil and natural gas industry's growing water needs for hydraulic fracturing are ...
The oil and natural gas industry's growing water needs for hydraulic fracturing are placing severe strain on the country's most vulnerable aquifers and exacerbating water scarcity in arid regions like Texas and New Mexico, taking a toll on both communities and the industry. American Petroleum Institute Vice President of Upstream Policy Holly Hopkins emphasized the industry's commitment to environmental stewardship and ongoing efforts to advance produced water recycling and reuse.
Jamie Dimon flags his biggest concerns. The JPMorgan CEO said the Russia-Ukraine war,...
Jamie Dimon flags his biggest concerns. The JPMorgan CEO said the Russia-Ukraine war, and its impact on global relations, is the top threat to the world. The event, he said, could be “an inflection point for the free democratic world.”
Delta’s CEO said changes to its frequent flier program “went too far” and the company will modify it again soon.
Kia and Hyundai recalled 3.4 million vehicles in the US due to fire risk and urged owners to park their cars outdoor.
Sen. Bob Menendez of New Jersey pleaded not guilty to taking bribes, including cash and gold bars, but many of his fellow Democrats are calling for him to step down. Elsewhere, Senate decorum was restored by...reinstating the formal dress code.
US futures waver as oil rally hits pause: Stock market news today
Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging...
Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging over markets despite a pullback in the oil rally, as investors waited for an update on US economic growth.
Futures on the S&P 500 (^GSPC) futures and the Dow Jones Industrial Average (^DJI) traded slightly above the flatline, while those on the tech-heavy Nasdaq 100 (^NDX) were broadly unchanged.
Oil prices pulled back on Thursday, as West Texas Intermediate futures (CL=F) fell to $93.50 a barrel after topping $95 earlier in the morning. Brent crude futures (BZ=F) were down 0.5% at $96.09, having neared $97.
