Oil prices rise after U.S. vows ‘unrelenting’ attacks on Houthis
Oil futures climbed on Monday, finding support after the U.S. over the...
Oil futures climbed on Monday, finding support after the U.S. over the weekend launched U.S. strikes on Houthi rebels in Yemen, raising the risk of disruptions to oil flow in the region.
Optimism over the prospect of additional stimulus from China also helped the mood, analysts said, while the prospect of progress on talks to end the Russia-Ukraine war was seen as limiting upside.
West Texas Intermediate crude for May delivery rose 66 cents, or 1%, to $67.84 a barrel on the New York Mercantile Exchange.
May Brent crude the global benchmark, was up 72 cents, or 1%, at $71.30 a barrel on ICE Futures Europe.
April gasolinetacked on 1.3% to $2.1759 a gallon, while April heating oilclimbed1.3% to $2.1946 a gallon.
Natural gas for April delivery traded at $4.057 per million British thermal units, down 1.2%.
Dow ends up 350 points, S&P 500 and Nasdaq rebound for a second straight day
U.S. stocks finished higher on Monday, building on the...
U.S. stocks finished higher on Monday, building on the recovery from last week's sharp selloff. A mixed retail-sales report brought some relief to Wall Street that the weakness in consumer spending might not be as bad as it seemed.
The Dow Jones Industrial Average was up 353.44 points, or nearly 0.9%, to end at 41,841.63. According to Dow Jones Market Data, the index rose 2.5% over the last two trading days, scoring its largest two-day advance since Nov. 7.
The S&P 500 rose 36.18 points, or 0.6%, to finish at 5,675.12.
The Nasdaq Composite gained 54.58 points, or 0.3%, ending at 17,808.66
The International Energy Agency cut its 2025 global oil demand growth...
The International Energy Agency cut its 2025 global oil demand growth forecast to 1.03 million barrels per day, down from 1.10 million bpd, blaming worsening economic conditions driven by US trade tensions with China, Mexico and Canada. The agency expects global supply to outstrip demand by 600,000 bpd, a surplus that could swell to 1 million if OPEC+ ramps up production beyond April.
🚀The stranded astronauts’ long, long time in space is almost over
A SpaceX Crew Dragon arrived at the International Space Station early...
A SpaceX Crew Dragon arrived at the International Space Station early Sunday morning with two new NASA astronauts, a Japanese astronaut, and a Russian cosmonaut, clearing the way for Butch Wilmore and Suni Williams to head home, perhaps later this week. NASA insists that the pair has not been stranded this whole time, but instead that they were intentionally kept hanging for technical and budgetary reasons. Speaking of budget, Wilmore and Williams apparently will get no overtime or compensation above and beyond their usual salary for the extra months spent working from space, according to a retired astronaut familiar with the government’s terms. Who could blame them if they start thinking about NASA as just their job five days a week?
Severe weekend storms cause devastation in multiple states
At least 37 fatalities occurred across Missouri, Alabama, Arkansas, Kansas,...
At least 37 fatalities occurred across Missouri, Alabama, Arkansas, Kansas, Oklahoma, Mississippi, and Texas over the weekend following wildfires, dust storms, and tornadoes in a significant portion of the country. California experienced heavy rain and winds, and a Los Angeles neighborhood experienced a tornado. Three people were killed in a dust storm in Amarillo, TX, on Friday, the same day high winds caused a 50-vehicle pileup in Kansas that killed eight. Tornadoes in Missouri killed at least 12 people. President Trump posted on Truth Social yesterday that he was ready to assist state and local officials impacted by the storms, which his administration was monitoring.
