Benchmark U.S. crude oil for May delivery rose 54 cents to $83.71 per barrel Monday. Brent crude for June delivery rose 42 centsto $87.42 per barrel.
Wholesale gasoline for May delivery fell 1 cent to $2.71 a gallon. May heating oilrose 1 cent to $2.63 a gallon. May natural gasrose 8 centsto $1.84 per 1,000 cubic feet.
Dow logs worst day in more than two weeks as bond yields jump
U.S. stocks kicked off the second quarter mostly on a down note on Monday...
U.S. stocks kicked off the second quarter mostly on a down note on Monday as Treasury bond yields climbed and manufacturing data turned positive — suggesting continued strength in the economy that some investors fear could delay Federal Reserve interest-rate cuts.
The Dow Jones Industrial Average shed about 240 points, or 0.6%, ending at nearly 39,566.
The S&P 500 index fell 10 points, or 0.2%, closing around 5,243.
The Nasdaq Composite gained 17 points, or 0.1%, finishing around 16,396.
Ohio's oil production, previously overshadowed by natural gas, has surged...
Ohio's oil production, previously overshadowed by natural gas, has surged to a record 27.8 million barrels in 2023, marking a 41% increase from 2022, driven by factors such as favorable oil prices and technological advancements, according to Cleveland State University researchers. With vast areas of the Utica Shale yet untapped, experts believe Ohio's oil and gas boom could extend for decades.
Baker Hughes: US oil, gas rig count retreated in March
US oil and natural gas rig activity posted a second consecutive weekly...
US oil and natural gas rig activity posted a second consecutive weekly decline, falling by three to 621 last week and closing out the month of March down five units, according to Baker Hughes. New Mexico added five rigs, while Texas, Louisiana and Colorado recorded declines.
Weather, geopolitical unrest fuel US gas price hikes
Gasoline prices are increasing more quickly than normal this year, due...
Gasoline prices are increasing more quickly than normal this year, due in large part to severe weather issues and geopolitical unrest overseas, experts say. The average US cost for a gallon of gas was $3.54 on March 27, a 3% increase from a year earlier and a 14% increase over the beginning of this year.