Crude futures eke out modest gains in an up-and-down session, with U.S....
Crude futures eke out modest gains in an up-and-down session, with U.S. tariff relief on electronic goods helping and a 150,000 barrels-a-day cut in OPEC’s demand growth outlook weighing on prices. “The diverging picture between inventories and global demand may drive volatility in crude oil markets for some time,” Kenny Zhu of Global X says in a note. “This is keenly exhibited by the disconnect between near-term supply/demand dynamics and expected demand.” WTI settled up 3 cents at $61.53 a barrel, and Brent rises 0.2% to $64.88 a barrel.
Dow ends up 300 points as U.S. stocks rise after Trump's weekend tariff reprieve
U.S. stocks ended higher on Monday, as investors weighed...
U.S. stocks ended higher on Monday, as investors weighed the Trump administration’s decision late Friday to exempt certain electronic devices from tariffs. However, President Donald Trump said on Sunday that such a reprieve is temporary.
The Dow Jones Industrial Average rose 312.08 points or 0.8% to end at 40,524.79, according to Dow Jones Market Data.
The S&P 500 went up 42.61 points or 0.8% to finish at 5,405.97.
The Nasdaq Composite advanced 107.03 points or 0.6% to close at 16,831.48.
US shale producers face crisis as crude prices drop
The recent 12% drop in US oil prices, triggered by President Donald Trump's...
The recent 12% drop in US oil prices, triggered by President Donald Trump's trade war with China, poses a significant threat to US shale producers. Many companies, particularly in Texas, are struggling to break even as prices fall below necessary levels, leading to fears of idled rigs and potential bankruptcies.
US will no longer require green analysis on thousands of oil, gas leases
The Interior Department has scrapped a requirement for the Bureau of...
The Interior Department has scrapped a requirement for the Bureau of Land Management to conduct environmental impact statements for roughly 3,244 oil and natural gas leases across seven western states. The decision reverses a Biden-era directive issued in response to legal challenges from environmental groups and a court mandate for additional environmental review.
⛳️ Rory McIlroy won the Masters in dramatic fashion
The 35-year-old from Northern Ireland slipped on ...
The 35-year-old from Northern Ireland slipped on the green jacket for the first time yesterday following his 17th appearance in the prestigious tournament. McIlroy clinched the win in the final round, defeating Justin Rose in the first hole of a sudden-death playoff. The victory cements his career Grand Slam, which only five other golfers have done in the Masters era (Tiger Woods was the last to do it, in 2000). McIlroy said, “I started to wonder if it would ever be my time…I’m sort of wondering what we’re all going to talk about going into next year’s Masters.”
