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Oil futures declined on Friday, with worries about the global economic outlook and rising trade tensions from the Trump administration’s tariff plans prompting U.S. and global benchmark prices to post their biggest monthly losses since September.
Prices on Friday then finished off at the session’s lowest levels after a tense meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky dashed hopes for a Ukraine-Russia peace deal that might have eventually led to an end to sanctions on Russia’s oil sector.
U.S. stocks ended sharply higher Friday, after a choppy trading session in which investors appeared initially shaken by Ukraine President Volodymyr Zelensky’s tense meeting at the White House.
The Dow Jones Industrial Average rose 601.41 points Friday, or 1.4%, to close at 43,840.91.
The S&P 500 gained 92.93 points, or 1.6%, to finish at 5,954.50.
The Nasdaq Composite climbed 302.86 points, or 1.6%, to end at 18,847.28.
Investors also assessed on Friday the latest inflation reading from the personal-consumption expenditures price index, which was in line with Wall Street’s forecast. U.S. stocks ended the trading session, the last day of February, with a monthly loss as sticky inflation worries and growth concerns weighed on the market.
The Dow fell 1.6% in February, while the S&P 500 saw a monthly drop of 1.4% and the technology-heavy Nasdaq saw a 4% monthly loss. The Nasdaq snapped a three-month winning streak.
A long-overlooked shale play in South Texas might finally be showing signs of promise,...
In a stark reminder of the volatile energy landscape and the relentless drive for...
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by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
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CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
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On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
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