US Senate to investigatethe proposed merger between the PGA Tour and the Saudi-backed LIV Golf series (More) | Vegas Golden Knights try to win their first Stanley Cup in Game 5 tonight (8 pm ET, TNT) against the Florida Panthers (More)
The Denver Nuggets captured their first title in franchise history last night, defeating the Miami Heat 94-89 in Game 5 of the NBA Finals.
Benchmark U.S. crudeoil for July delivery fell $3.05 to $67.12 a barrel Monday. Brent crudefor August delivery fell $2.95 to $71.84 a barrel.
Wholesale gasolinefor July delivery fell 11 cents $2.48 a gallon. July heating oil fell 5 cents to $2.31 a gallon. July natural gas rose 2 cents to $2.27 per 1,000 cubic feet.
Nasdaq ends up over 1% as stocks rally ahead of inflation data, Fed decision
U.S. stocks powered higher on Monday for the third straight day...
U.S. stocks powered higher on Monday for the third straight day as both the S&P 500 and Nasdaq Composite posted their highest closing levels since April 21, 2022.All three major U.S. equity indexes rose as stocks built on their gains following the S&P 500’s exit from bear-market territory late last week. Meanwhile, investors were looking ahead to Tuesday’s consumer-price inflation data and a Federal Reserve decision on interest rates due on Wednesday. The S&P 500 SPX, +0.93% gained 40.15 points, or 0.9%, to 4,339.01. The Nasdaq CompositeCOMP, +1.53% rose by 202.78 points, or 1.5%, to 13,461.92. The Dow Jones Industrial AverageDJIA, +0.56% increased by 189.55 points, or 0.6%, to 34,066.33.
DOE awards first contracts under SPR refill program
The US Department of Energy said on Friday it awarded supply contracts to five companies...
The US Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3.1 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.
The DOE had announced the purchase plan in May as a step to refill the emergency stockpile after a record release following Russia's invasion of Ukraine last year.
"These 3 million barrels are being purchased for an average price of about $73 per barrel, lower than the average of about $95 per barrel that SPR crude was sold for in 2022, securing a good deal for taxpayers," the DOE said in a press release.
N.D. tribe improves oil market access with pipeline deal
The Mandan, Hidatsa and Arikara Nation of North Dakota...
The Mandan, Hidatsa and Arikara Nation of North Dakota has purchased a pipeline segment from Enbridge to facilitate the transportation of oil from the tribe's Fort Berthold Reservation to the wider market. The tribe expects the 31-mile, 15,000-barrel-per-day Plaza/Wabek pipeline to enter service within a year.
