The sanctions target individuals connected to the imprisonment of Russian...
The sanctions target individuals connected to the imprisonment of Russian opposition leader Alexei Navalny, who died last week, as well as Russia's financial and defense sectors and people and entities believed to be providing support to Russia. The measure is the largest batch of sanctions the US has imposed on Russia since it invaded Ukraine and comes on the war's two-year anniversary.
Benchmark U.S. crude oil for April delivery fell $2.12 to $76.49 per barrel Friday. Brent crude for April delivery fell $2.05to $81.62 per barrel.
Wholesale gasoline for March delivery fell 5 centsto $2.28 a gallon. March heating oil fell 6 cents to $2.69 a gallon. March natural gasfell 13 cents to $1.60 per 1,000 cubic feet.
U.S. stocks end mostly up as Dow and S&P 500 score fresh record highs
U.S. stocks closed mostly higher Friday, with the Dow Jones Industrial...
U.S. stocks closed mostly higher Friday, with the Dow Jones Industrial Average and S&P 500 both eking out fresh record highs as mega cap chip maker Nvidia Corp. extended its rally.
The Dow Jones Industrial AverageDJIArose 62.42 points, or 0.2%, to close at 39,131.53.
The S&P 500SPXedged up 1.77 points, or less than 0.1%, to book an all-time closing high of 5088.80.
The Nasdaq CompositeCOMPfell 44.80 points, or 0.3%, to finish at 15,996.82.
For the week,the Dow gained 1.3%, the S&P 500 rose 1.7% and the technology-heavy Nasdaq Composite advanced 1.4%, FactSet data show.
With natural gas prices hitting multi-decade lows amid an oversupplied...
With natural gas prices hitting multi-decade lows amid an oversupplied market, US gas producers are taking drastic measures to mitigate losses, including well shut-ins, project cancellations and sales. The downturn has derailed Denver-based BKV's initial public offering plans, while companies such as Comstock Resources, Antero Resources and Chesapeake Energy are responding to the weak price environment with production and spending cuts.
Gauging Trans Mountain expansion's impact on US refiners
The upcoming startup of Canada's 590,000-barrel-per-day expansion of...
The upcoming startup of Canada's 590,000-barrel-per-day expansion of the Trans Mountain pipeline will limit the availability of cheap Canadian crude oil to US markets, affecting US refiners to varying degrees. While West Coast refiners stand to gain from reduced shipping costs compared to Alaskan crude, their inland counterparts, such as those in the Midwest, will face disproportionate challenges due to restricted alternatives.