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Reuters – U.S. shale oil producers are reversing production cuts as prices recover from historic lows, underscoring shale’s ability to quickly adjust...
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Bloomberg – While OPEC has helped global oil markets recover from the coronavirus crisis, the cartel will soon face a new challenge:...
Forbes – As our energy-environment discussion marches on amid the pandemic, one of our biggest concerns must be that temporary fallen demand...
The Oklahoman – Unit Corp. files BK. – The energy pricing shock caused by an economic shutdown because of the COVID-19 pandemic...
Bloomberg – Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale...
U.S. stocks logged a modest pullback Thursday, taking a breather from a rally that saw the Dow and S&P 500 ring up another round of record closes a day before.
The retreat for equities came in the wake of slightly stickier September inflation data and as investors gauged what sway that may have over the Federal Reserve's next interest-rate decision in November.
The Dow Jones Industrial Average fell 57.88 points, or 0.1%, ending at 42,454.12.
The S&P 500 shed 12 points, or 0.2%, closing at 5,780.05.
The Nasdaq Composite dropped 9.57 points, or nearly 0.1%, finishing at 18,282.05.
Consumer Price Index inflation data released on Thursday showed that price increases did not moderate as much as expected in September, although they have still cooled significantly over the past two years.
The report showed that overall inflation was 2.4 percent on an annual basis, down slightly from 2.5 percent previously. That was somewhat higher than economists had forecast, as monthly inflation came in warmer than expected.
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