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By: Reuters – Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that...
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He wouldn’t phone Florida Gov. Ron DeSantis ahead of the arrival of Hurricane Ian to inquire about storm preparations, but President Biden...
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U.S. stocks closed sharply higher on Friday, with the Dow Jones Industrial Average erasing its 2025 loss as investors weighed a stronger-than-expected jobs report.
The Dow rallied 443.13 points Friday, or 1%, to end at 42,762.87.
The S&P 500 gained 61.06 points, or 1%, to close at 6,000.36.
The Nasdaq Composite climbed 231.50 points, or 1.2%, to finish at 19,529.95.
Friday marked the first time since Feb. 21 that all three equities benchmarks closed in positive territory on a year-to-date basis, according to Dow Jones Market Data. The S&P 500 ended 2.3% below its record closing peak notched Feb. 19.
The U.S. economy added 139,000 jobs in May while the unemployment rate remained unchanged at 4.2%, according to a report Friday from the Bureau of Labor Statistics. The pace of job growth slowed last month, but the total number of jobs created was stronger than Wall Street expected.
All three major U.S. stock-market benchmarks booked back-to-back weekly gains, with investors appearing encouraged by President Donald Trump’s phone call this week with China’s leader Xi Jinping about trade. The Dow rose 1.2% for the week, while the S&P 500 advanced 1.5% and the technology-heavy Nasdaq rallied 2.2%.
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Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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