An increase in the nation’s gasoline inventories is blamed for a $2...
An increase in the nation’s gasoline inventories is blamed for a $2 a-barrel drop in crude oil prices on Thursday. The gain in the amount of gasoline added to continuing and nagging fears of a possible recession in the U.S.
West Texas Intermediate crudefell $1.87 or 2.4% to $77.29 a barrel in trading, while global benchmark Brent crudedropped $2.02 or 2.4% and closed at $81.10 a barrel.
The more than 2% fall for each came following a 2% slide in Wednesday’s trading.
Camber Energy, Viking Reach New Agreement to Merge
After working to consummate a deal for several years, Camber Energy and Viking...
After working to consummate a deal for several years, Camber Energy and Viking Energy Group have finally reached a new agreement to fully combine.
Camber, a diversified energy player with non-operated oil and gas interests and other investments, has worked to combine with Viking, a commercial and industrial energy and power services provider, since at least 2020, having already owned a majority stake.
Under an amended merger agreement dated April 18, a subsidiary of Camber will merge with and into Viking, with Viking surviving as a wholly-owned subsidiary of Camber.
Camber will remain the sole publicly traded company following the combination, according to the agreement between the two Houston-based firms.
U.S. stocks end lower as Tesla's decline weighs on Nasdaq
U.S. stocks finished lower on Thursday as Tesla Inc.’s earnings report weighed on shares of...
U.S. stocks finished lower on Thursday as Tesla Inc.’s earnings report weighed on shares of the electric-vehicle giant. The S&P 500SPX fell by 24.64 points, or 0.6%, to 4,129.88, according to preliminary data from FactSet. The Dow Jones Industrial Average DJIA declined by 110.13 points, or 0.3%, to 33,786.88. The Nasdaq Composite COMP shed 97.67 points, or 0.8%, to 12,059.56.
U.S. stock futures drop after Elon Musk suggests Tesla may sacrifice margins
U.S. stock futures point to a lower open on Thursday, with the tech-heavy Nasdaq leading the retreat...
U.S. stock futures point to a lower open on Thursday, with the tech-heavy Nasdaq leading the retreat after Tesla Inc.’s stock slumped nearly 8%.
S&P 500 futures ES00 dipped 33 points, or 0.8%, to 4,145.
Dow Jones Industrial Average futures YM00 fell 196 points, or 0.6%, to 33,838.
Nasdaq 100 futuresNQ00 slid 120 points, or 0.9%, to 13,063.
Corporate earnings are still in focus. Later this morning, investors will also be keeping an eye on data on jobless claims and existing home sales. Here are the latest market moves.
On the docket: American Express, Fifth Third, and KeyCorp, all reporting.
