Benchmark U.S. crude oil for September delivery...
Benchmark U.S. crude oil for September delivery rose 69 centsto $78.28 per barrel Thursday. Brent crude for September delivery rose 66 cents to $82.37 per barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.47 a gallon. August heating oil also rose 2 cents to $2.47 a gallon. August natural gas fell 8 cents to $2.04 per 1,000 cubic feet.
Dow ends higher, Nasdaq logs 3-day drop on Big Tech retreat
The Dow posted modest gains, but the Nasdaq and S&P 500 booked a...
The Dow posted modest gains, but the Nasdaq and S&P 500 booked a third straight day of losses, as investors remained cautious ahead of Friday's inflation update.
The Dow Jones Industrial Average gained 81.20 points, or 0.2%, ending at 39,935.07, according to preliminary FactSet data. It was up about 500 points at the session high.
The S&P 500 shed 27.91 points, or 0.5%, closing at 5,339.22 and logging a third day in a row of declines.
The Nasdaq Composite fell 160.69 points, or 0.9%, finishing at 17,181.72 and booking a third day in a row of losses.
According to Dow Jones Market Data, the S&P 500 is in the midst of its worst three-day drop since October 2023.
The small-cap benchmark Russell 2000 gained 1.3%, outperforming large-cap stocks.
EQT looks to sell more Pa. assets in debt reduction push
EQT is pursuing a sale of its remaining 60% non-operated interest in...
EQT is pursuing a sale of its remaining 60% non-operated interest in northeast Pennsylvania assets to cut debt from its $5.45 billion acquisition of Equitrans Midstream. This follows an earlier sale of a 40% stake in its northern Marcellus Shale assets to Equinor, which helped the company retire roughly $600 million in senior notes.
Oil activity blamed for latest series of W. Texas quakes
Three earthquakes, the largest with a magnitude of 4.9, rattled West Texas on Monday night, stoking concerns...
Three earthquakes, the largest with a magnitude of 4.9, rattled West Texas on Monday night, stoking concerns over the impact of intensified Permian Basin oil and natural gas extraction activities. According to US Geological Survey geophysicist Justin Rubinstein, these tremors are likely induced by secondary recovery and enhanced oil recovery techniques, which have been linked to increased seismic activity in the region since 2019.
Economic growth picked up more than expected in the spring, as cooling inflation and a strong labor market allowed consumers to keep spending even as high interest rates weighed on their finances.
The Commerce Department said on Thursday that gross domestic product, adjusted for inflation, increased at a 2.8 percent annual rate in the second quarter. That was faster than the 1.4 percent rate recorded in the first quarter, but it was down from the unexpectedly strong growth in the second half of last year.
