EIA data shows surprise U.S. crude stock build in latest week
U.S. crude oil inventories rose unexpectedly last week as imports climbed and exports...
U.S. crude oil inventories rose unexpectedly last week as imports climbed and exports fell, the Energy Information Administration (EIA) said on Thursday.
Crude stocks (USOILC=ECI) rose by 718,000 barrels in the week ended Dec. 23 to 419 million barrels, compared with analysts' expectations in a Reuters poll for a 1.5 million-barrel drop.
Oil stocks at the Cushing, Oklahoma, delivery hub(USOICC=ECI) fell by 195,000 barrels in the last week, EIA said.
Benchmark U.S. crude oilfor February delivery fell 56 cents to $78.40 a barrel Thursday. Brent crudefor February delivery fell $1 to $82.26 a barrel.
Wholesale gasolinefor January delivery rose 1 cent to $2.37 a gallon. January heating oilfell 7 cents to $3.31 a gallon. February natural gas fell 15 cents to $4.56 per 1,000 cubic feet.
U.S. stocks close sharply higher in year-end rally
U.S. stock indexes finished sharply higher on Thursday, the second-to-last...
U.S. stock indexes finished sharply higher on Thursday, the second-to-last trading session of the year, with the Nasdaq Composite jumping 2.6%, erasing losses from earlier in the week.
The three main indexes built on premarket gains after U.S. weekly jobless claims data showed the number of workers receiving benefits has climbed to the highest level since February, a tentative sign that the Federal Reserve’s interest-rate hikes might be slowing economic growth and inflation.
The S&P 500 SPX rose 66.06 points, or 1.8%, to end at 3,849.28.
Dow Jones Industrial AverageDJIA added 345.09 points, or 1.1%, finishing at 33,220.80.
Nasdaq CompositeCOMP climbed 264.80 points, or 2.6%, to finish at 10,478.09.
Tesla stock climbed Wednesday as dip-buyers poured into the EV maker. Elon Musk's...
Tesla stock climbed Wednesday as dip-buyers poured into the EV maker. Elon Musk's company avoided its eighth consecutive session of declines, which would have been its longest slump ever. Get the full details here.
Even so, it has been a horrible year for Elon Musk, as his wealth this year has shrunk by $140 billion, bringing his net worth to roughly $130 billion, according to the Bloomberg Billionaires Index.
