U.S. stock futures trim sharp losses as investors weigh risk of war in Ukraine
U.S. stock-index futures traded near unchanged Tuesday, erasing sharp losses scored overnight as Russian...
U.S. stock-index futures traded near unchanged Tuesday, erasing sharp losses scored overnight as Russian President Vladimir Putin ordered troops to breakaway regions of Ukraine.
Markets in the U.S. were closed Monday in observance of the Presidents Day holiday and trade on Tuesday will provide the first opportunity for investors to react to developments in Eastern Europe.
Dow Jones Industrial Average futures YM00, -0.26% were down 103 points, or 0.3%, at 33,904, after dropping more than 500 points late Monday.
S&P 500 index futures ES00, -0.05% fell 4.75 points, or 0.1%, at 4,338.75.
Nasdaq-100 futuresNQ00, -0.35% dropped 63.25 points, or 0.5%, to 13,932.75.
Will Russia's Ukraine Action Run Oil Prices Up on Tuesday?
Oil last week failed to get a lift from Ukraine tensions, though invasion fears were credited the previous...
Oil last week failed to get a lift from Ukraine tensions, though invasion fears were credited the previous week for driving both the U.S. CLCL00 and global BRN00 benchmarks to seven-year highs not far below the $100-a-barrel threshold. Instead, prospects of a revived Iran nuclear accord, which could eventually lift U.S. sanctions on the country’s crude exports, prompted profit-taking as crude futures ended a streak of eight weekly gains.
In European trade on Monday, Brent crude, BRN00, the global benchmark, rose 2% to settle at $95.39 a barrel on ICE Futures Europe.
With oil prices already at multiyear highs due to misaligned supply/demand dynamics, further tension could mean more upside potentially (north of $100).
Putin orders Russian forces to ‘maintain peace’ in eastern Ukraine
MOSCOW — Russian President Vladimir Putin ordered forces Monday to “maintain peace” in separatist...
MOSCOW — Russian President Vladimir Putin ordered forces Monday to “maintain peace” in separatist regions of eastern Ukraine, hours after the Kremlin recognized the area’s independence. The announcement raised fears that an invasion was imminent, if not already underway.
The Kremlin decree, spelled out in an order signed by Putin, left unclear when, or even whether, troops would enter Ukraine. But it brought swift promises of new sanctions from the U.S. and other Western nations and underscored the steep challenges they face in staving off a military conflict they have portrayed as near-inevitable.
The Kremlin’s announcement came just hours after Putin, in a rambling, fact-bending discourse on European history, recognized the independence of the eastern separatist regions, paving the way to provide them military support and antagonizing Western leaders who regard such a move as a breach of world order.
TotalEnergies Announces Major Oil Discovery Offshore Suriname
TotalEnergies and its partner APA Corporation have made significant...
TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in recent years, the Guyana-Suriname Basin offshore South America.
The French supermajor and APA Corporation found significant amounts of oil and associated gas in the Krabdagu-1 well, in the central area of Block 58 offshore Suriname, TotalEnergies said on Monday. The discovery announced today follows four previous Suriname discoveries—Maka, Sapakara, Kwaskwasi, and Keskesi.
Marathon’s Huge Louisiana Refinery Rocked by Explosion, Fire
Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday,...
Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Monday, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.
The company’s Garyville, Louisiana, plant is one of the nation’s largest and a key supplier of gasoline, diesel and other fuels. Marathon said five people were injured. The blaze that started around 9:30 a.m. local time was declared extinguished about 4 1/2 hours later.
