According to US Energy Information Administration data, US crude oil...
According to US Energy Information Administration data, US crude oil inventories for the week ended July 12, excluding the Strategic Petroleum Reserve, decreased by 4.9 million bbl from the previous week.
The EIA report indicated that US crude oil inventories are about 5% below the 5-year average for this time of year at 440.2 million bbl.
Guests found dead at a luxury Thai hotel were likely poisoned...
Guests found dead at a luxury Thai hotel were likely poisoned by cyanide. Thai authorities say the poison was found in the blood of six people, including two US citizens, who were found dead inside a suite at Bangkok’s five-star Grand Hyatt Erawan. Police say cyanide was detectable in a teapot and coffee cups they drank from amidst a dispute involving bad investments, and law enforcement is now trying to determine whether the deaths were murder or suicide.
President Biden tested positive for Covid-19 yesterday, but the White House says his symptoms are “mild.”
EssilorLuxottica, which owns Ray-Ban, is buying Supreme for $1.5 billion in its first move outside the eyewear space.
The armorer on the set of Rust, who was convicted of manslaughter in the death of cinematographer Halyna Hutchins, wants that conviction thrown out after the case against star Alec Baldwin collapsed.
Benchmark U.S. crude oil for August delivery rose $2.09 to $82.85 per barrel Wednesday. Brent crude for September delivery rose $1.35 to $85.08 per barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.50 a gallon. August heating oil rose 3 cents to $2.49 a gallon. August natural gas fell 15 cents to $2.04 per 1,000 cubic feet.
Dow seals 22nd record close of year while tech stocks drag down Nasdaq, S&P 500
U.S. stocks finished mostly lower on Wednesday as a continued pullback...
U.S. stocks finished mostly lower on Wednesday as a continued pullback in mega-cap technology stocks weighed on the S&P 500 and Nasdaq Composite.
The Biden administration said it was considering stricter export restrictions to China, while Donald Trump attacked Taiwan's dominance in the chip-manufacturing industry.
Dow industrials rose 243.60 points, or 0.6% to end at 41,198.08, its 22nd record close of the year. According to Dow Jones Market Data, the blue-chip index has gained for six consecutive sessions and logged its largest six-day point gain since October 2022.
The Nasdaq Composite tumbled 512.42 points, or 2.8% to finish at 17,996.92. It was the biggest daily percentage decline for the tech-heavy index since December 15, 2022.
The S&P 500was down 78.93 points, or 1.4%, ending at 5,588.27.
US Silica Investors OK Apollo’s $1.85B Take-private Deal
U.S. Silica approved a sale...
U.S. Silica approved a sale to Apollo Global Management in a deal that will take the proppant services company private.
The company said after markets closed that the $1.85 billion cash transaction was approved during a special meeting of U.S. Silica stockholders held on July 16.
More than 75% of U.S. Silica’s outstanding shares approved the merger; approximately 78% of outstanding shares were represented during the stockholder meeting.
