Catalytic converter theft ring smashed in NE Oklahoma
Federal prosecutors announced this week the arrests of 13 persons allegedly involved in a ring...
Federal prosecutors announced this week the arrests of 13 persons allegedly involved in a ring of catalytic converter thefts around the Tulsa area.
An estimated 2,000 converters were stolen in Tulsa in the past year according to U.S. Attorney Clint Johnson. News on 6 in Tulsa reported some of the defendants are from New Jersey and New York.
The energy sector is off to a higher start, supported by strength in the underlying commodities and in the major equity indices.U.S. stock index futures rose in choppy trading after an increase in the October unemployment rate supported expectations that the Federal Reserve could deliver smaller rate hikes starting in December.
WTI and Brent crude oil futures are up in early trading as the dollar eased, with an EU ban on Russian oil looming large and investors weighing the prospects for an easing of China's COVID curbs.While demand concerns weighed on the market, supply is still expected to be tight, with Europe's upcoming embargoes on Russian oil starting and a slide in U.S. crude stockpiles. The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate. U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price capon sea-borne oil shipments, which is scheduled to take effect on Dec. 5 - to ensure EU and U.S. sanctions aimed at limiting Moscow's ability to fund its invasion of Ukraine do not throttle the global oil market.
Natural gas futures are trading higher on forecasts for much colder weather and higher heating demand in mid-November than previously expected.
Benchmark U.S. crude oilfor December delivery fell $1.83 to $88.17 a barrel Thursday. Brent crudefor January delivery fell $1.49 to $94.67 a barrel.
Wholesale gasoline for December delivery fell 1 cent to $2.69 a gallon. December heating oilrose 19 cents to $3.87 a gallon. December natural gasfell 29 cents to $5.98 per 1,000 cubic feet.
U.S. stocks extend losing streak to fourth day as S&P 500 logs lowest close in 2 weeks
U.S. stocks finished lower on Thursday for the fourth session...
U.S. stocks finished lower on Thursday for the fourth session in a row as all three major indexes logged their longest losing streak in at least two weeks. The S&P 500 SPX, -1.06% closed down 39.80 points, or 1.1%, to 3,719.89, notching its longest losing streak since Oct. 12 and its lowest closing level since Oct. 20. The Nasdaq Composite COMP, -1.73% finished 181.86 points, or 1.7%, lower at 10,342.94, and also cemented its longest stretch of losses since Oct. 12. The Dow Jones Industrial Average DJIA, -0.46% closed 146.51 points, or 0.5%, lower at 32,001.25, tying a four-day losing streak that ended Oct. 10. Stock losses have accelerated over the last two days after Federal Reserve Chairman Jerome Powell said it was “premature” to discuss pausing the central bank’s campaign of interest-rate hikes.
