OklahomaMinerals.com

Snippets

• Oil futures end higher for the session, modestly lower for the week
  Oil futures finished...
  Oil futures finished higher on Friday, with supply concerns helping prices pare their loss for the week. Still, "lately it has been mostly bad news for oil prices as demand concerns worsened given China's deteriorating COVID situation, a surprise jump in stockpiles, and on expectations world leaders will continue to exhaust emergency measures to send energy prices lower," said Edward Moya, senior market analyst at OANDA. October WTI crude CLV22, +3.06% climbed $3.25, or 3.9%, to settle at $86.79 a barrel on the New York Mercantile Exchange, with front-month prices down about 0.1% for the week, according to Dow Jones Market Data.
  Read More
• MarketWatch: Dow ends up nearly 400 points Friday as stocks notch weekly gains
  U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for...
  U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for the week after three weekly losses. The S&P 500 SPX, +1.53% rose 61.18 points, or 1.5%, to 4,067.36, while the Dow Jones Industrial Average climbed 377.19 points, or 1.2%, to 32,151.71. The Nasdaq Composite COMP, +2.11% advanced 250.18 points, or 2.1%, to 12,112.31. The indexes posted weekly gains of 3.7%, 2.7%, 3.1%, according to Dow Jones Market Data. Analysts described the equity market's advance as a technical bounce off of oversold levels, while the dollar retreating from a 20-year high helped buoy sentiment.
  Read More
• EU Raised Interest Rates on Thursday
  The European Central Bank raised interest rates by 75 basis points on Thursday, ...
  The European Central Bank raised interest rates by 75 basis points on Thursday, mirroring the Federal Reserve and continuing the trend of economies around the world grappling with rising rates and rampant inflation.
  
  The move comes as a step "to dampen demand and guard against the risk of a persistent upward shift in inflation expectations," the central bank said in a statement.
  
  The hike — the ECB's largest ever — is the second in as many meetings this summer, and comes as inflation in the Eurozone hit 9.1% in August, up from 8.9% in July.
  
  And the bank signaled that there's more hawkishness to come as the continent faces economic and geopolitical uncertainty.
  
  War in Ukraine and tight energy markets have weighed on consumers too, with both food and power prices soaring in recent months.
  Read More
• Devon among companies hoping to bring tech to Okla. oil
  Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including...
  Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including Williams Cos. and Oneok, to bring nearly 2,000 energy-tech jobs to Oklahoma within the next decade. "[Energy companies] will evolve into more tech-based companies, and that requires a different organizational structure, different talent and different R&D spending," said Tulsa Innovation Labs co-founder Nick Lalla.
  Read More
• What Else is Brewing Friday Morning
  A county administrator in Las Vegas was arrested in connection with the stabbing murder of Las Vegas Review-Journal investigative reporter Jeff German.
  
  Bernard Shaw, CNN’s first chief anchor who served in the role for 20 years, died at 82.
  
  Retailers such as Blue Apron have pulled lobster from their menus after a conservation group said the lobster fishing industry poses a significant threat to the rare North Atlantic right whale.
  
  BetMGM is opening a sports betting facility just outside the Arizona Cardinals stadium, an NFL first.
  
  
  Read More

• Prev
• Next