Benchmark U.S. crude oil for April delivery fell 22 cents to $81.04 per barrel Friday. Brent crude for May delivery fell 8 cents to $85.34 per barrel.
Wholesale gasoline for April delivery rose 2 cents to $2.72 a gallon. April heating oilrose 2 cents to $2.73 a gallon. April natural gasfell 8 cents to $1.66 per 1,000 cubic feet.
Tech-stock decline Friday put U.S. equity indexes on path to weekly declines
All three major U.S. equity indexes ended lower Friday, with the S&P...
All three major U.S. equity indexes ended lower Friday, with the S&P 500 weighed down by tech stocks.
The Dow Jones Industrial AverageDJIA fell 190.89 points, or 0.5%, to close at 38,714.77.
The S&P 500SPX fell 33.39 points, or 0.6%, to finish at 5,117.09.
The Nasdaq CompositeCOMP dropped 155.36 points, or 1%, to end at 15,973.17.
For the week, the Dow slipped less than 0.1%, the S&P 500 shed 0.1% and the tech-heavy Nasdaq fell 0.7%. The Dow fell for a third straight week, while the S&P 500 and Nasdaq each booked back-to-back weekly losses.
More than 100 WTI Midland cargoes have traded in the Dated Brent basket...
More than 100 WTI Midland cargoes have traded in the Dated Brent basket since its May 2023 incorporation, and its influence on pricing dynamics continues to expand, according to S&P Global. Activity was particularly strong in February, with WTI Midland liquidity hitting record levels as new participants joined the trade.
US gas drillers opt to defer wells amid weak prices, glut
A weak price environment and oversupply are prompting several US natural...
A weak price environment and oversupply are prompting several US natural gas producers, including Chesapeake Energy and CNX Resources, to delay new well completions and turn-in-lines until market conditions improve, while continuing to expand their drilled-but-uncompleted well inventories. The strategy is likely meant to synchronize production additions with the anticipated increase in liquefied natural gas demand, analysts say.
Schumer calls for election in Israel to replace Netanyahu
In a ...
In a speech on the Senate floor yesterday, Majority Leader Chuck Schumer said Israeli Prime Minister Benjamin Netanyahu “no longer fits the needs of Israel after October 7,” arguing that the Israeli leader cares more about his political survival than the country’s best interests. Schumer, the highest-ranking Jewish elected official in the US, also implied that Netanyahu’s right-wing coalition is threatening to turn Israel into a global “pariah.” The speech came as frustration mounts in the Biden administration over the civilian toll in Gaza.