By: Frank Morris – Kansas News Service via Hays Post – To understand why oil prices are high today, you have to...
From OK Energy Today: With crude oil prices reaching well more than $100 a barrel, a result of Russia’s invasion of Ukraine,...
By: Justin Worland – TIME – As gas prices spike for American drivers, fossil fuel boosters have slammed President Joe Biden for...
By: Andreas Exarheas – RigZone – Russia will have to shut-in oil production as it will be unable to sell all the...
History is being made this month and not in a good way. Whether you’re a Republican, Democrat, or Independent, you can’t be...
By: Bozorgmehr Sharafedin – Reuters – The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at...
Shell plc has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and...
In a move to further punish Russia for its invasion of Ukraine, the United States is considering a ban on Russian oil...
Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost...
Story by Harry Robertson at Business Insider. Fears of stagflation are surfacing as the war in Ukraine has sent oil prices soaring...
U.S. stocks finished mixed Thursday as the broad selling pressure from the first two trading days of the year abated somewhat and investors look ahead to Friday's Nonfarm Payrolls report, which will likely shape expectations for Federal Reserve policy and the path of interest rates in early 2024.
Technology shares remained under pressure as tech bellwether Apple (AAPL), part of the so-called Magnificent Seven companies that posted outsized gains in 2023, took its second analyst downgrade of the year. Tech weakness continued to weigh on the Nasdaq Composite® (COMP), which fell for the fifth straight day and ended at its lowest level since mid-December.
According to Nathan Peterson, director of derivatives analysis at the Schwab Center for Financial Research, Friday's Labor Department jobs report could be one of a few key "catalysts" for market direction early this year. Next week brings the December Consumer Price Index(CPI) and the unofficial start to the fourth-quarter earnings season. He also noted investors continued to "rotate" into some of 2023's weakest-performing sectors, as evidenced by strength in financial services, health care, and utilities.
"Stocks are attempting to stabilize after a rough start to 2024, with evidence of a 'rotation trade' still being seen," Petersen said. "An important question for investors could be, 'How long does the rotation out of last year’s winners and into the underperformers persist?'" Here's where the major benchmarks ended:
The S&P 500® index (SPX) was down 16.13 points (0.3%) at 4,688.68; the Dow Jones Industrial Average® (DJI) was up 10.15 points at 37,440.34; the Nasdaq Composite was down 81.91 points (0.6%) at 14,510.30.
The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.997%.
The Cboe® Volatility Index (VIX) was up 0.08 at 14.12.
Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday. Brent crude for March delivery fell 66 cents to $77.59 per barrel.
Wholesale gasoline for February delivery fell 5 cents to $2.11 a gallon. February heating oil fell 2 cents to $2.59 a gallon. February natural gas rose 15 cents to $2.82 per 1,000 cubic feet.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
West Texas holds a treasure trove of natural gas that could become a critical...
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
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