Benchmark U.S. crude oil for May delivery fell 5 centsto $85.36 per barrel Tuesday. Brent crude for June delivery fell 8 cents to $90.02 per barrel.
Wholesale gasoline for May delivery rose 4 cents to $2.82 a gallon. May heating oilwas unchanged at $2.65 a gallon. May natural gasrose 4 centsto $1.73 per 1,000 cubic feet.
Dow ends higher to snap six-session skid as Powell warns of delay on rate cuts
U.S. stocks ended mixed on Tuesday after a volatile session fueled by...
U.S. stocks ended mixed on Tuesday after a volatile session fueled by rising bond yields and fears that the Federal Reserve may need more time before it can pivot to rate cuts.
The Dow Jones Industrial Averagerose about 63 points, or 0.2%, closing near 37,798, well off the session's high.
The S&P 500 indexfell about 10 points, or 0.2%, finishing near 5,051.
The Nasdaq Composite Indexshed 19 points, or 0.1%, ending around 15,865.
Kansas Fed: Midwest oil, gas downturn persists in Q1
The Federal Reserve Bank of Kansas City's first-quarter energy survey...
The Federal Reserve Bank of Kansas City's first-quarter energy survey found that drilling and business activity in Oklahoma, Colorado and northern New Mexico declined for a fifth consecutive quarter, with expectations of further slowdown over the next six months. Survey respondents believe industry consolidation will temper production growth even with West Texas Intermediate prices well above the $65 per barrel threshold for profitable drilling.
Panama announces land-based route to beat canal drought
Authorities in Panama are working on a workaround to keep goods flowing...
Authorities in Panama are working on a workaround to keep goods flowing between the Pacific and Atlantic oceans through the Panama Canal after restrictions on traffic were imposed in response to recent drought conditions. The so-called Multimodal Dry Canal project uses existing transportation infrastructure such as roads to create a land-based alternative to the canal in a bid to reduce congestion
EPA: Emissions jumped in 2022, but progress visible
Greenhouse gas emissions in the US jumped by 1.3% in 2022 compared to...
Greenhouse gas emissions in the US jumped by 1.3% in 2022 compared to 2021, but they're still down nearly 17% from 2005 levels, reports the Environmental Protection Agency. Most emissions came from the transportation sector, but power systems were a close second, accounting for 24.9% of all emissions.