Global oil markets turned red quickly after Black Friday. WTI futures in New York and Brent in London plummeted more than 12% from...
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By: Laurie Goering and Sebastian Rodriguez – Reuters – In late July, Costa Rica’s legislature was scheduled to vote on a bill...
Energy stocks are trading lower, tracking weaker broader index futures and lower oil prices.
Oil futures fell on Thursday, with trader concern over the bearish impact of interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. The benchmarks erased gains from the previous session, during which U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls could lower biofuels blending and increase oil demand.
Natural gas futures are higher by a penny ahead of weekly inventory data.
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