U.S. crude futures fell 1.3% to $81.46 a barrel and are more than 2% lower so far...
U.S. crude futures fell 1.3% to $81.46 a barrel and are more than 2% lower so far this week amid disappointing economic data out of China in recent days. Brent crude fell 1% to $85.31.
"After a nice seven-week rally, oil was ripe for a pullback," says Oanda's Edward Moya in a note. "If China doesn't get some major stimulus, global growth concerns won't be going away anytime soon. The oil market is likely to remain tight, but if China jitters intensify, Brent crude could still drop a few dollars."
Oil investors now turn their attention to weekly reports on U.S. oil inventories, first from trade group API at 4:30 pm ET, and followed by official EIA data tomorrow morning.
Trump Indicted in 2020 Election Interference Case in Georgia
Former President Donald J. Trump and 18 others, including some of his former lawyers...
Former President Donald J. Trump and 18 others, including some of his former lawyers and top aides, have been indicted by an Atlanta grand jury in a sweeping racketeering case focused on Mr. Trump’s efforts to reverse the results of the 2020 election in Georgia.
The indictment — handed up after a single, extra-long day of testimony — is an unprecedented challenge of presidential misconduct by a local prosecutor. It brings charges against some of his most prominent advisers, including Rudolph W. Giuliani, his former personal lawyer, and Mark Meadows, who served as White House chief of staff at the time of the election.
Signs of improved economic prospects in the US are driving diesel and distillate fuel prices higher,...
Signs of improved economic prospects in the US are driving diesel and distillate fuel prices higher, stoking concerns about dwindling inventories. Ultra-low sulfur diesel futures have climbed from $95 on May 31 to $135 on Aug. 9, and refineries are running at full tilt to meet heightened demand, particularly for gasoline, which has reached its lowest seasonal inventory level since 2015.
Benchmark U.S. crude oil for September delivery...
Benchmark U.S. crudeoil for September delivery fell 68 cents to $82.51 a barrelMonday. Brent crude for October delivery fell 60 cents to $86.21 a barrel.
Wholesale gasoline for September delivery fell 6 cents to $2.91 a gallon. September heating oilfell 3 cents to $3.09 a gallon. September natural gas rose 2 cents to $2.80 per 1,000 cubic feet.
Dow, S&P 500 and Nasdaq post gains as big tech stocks rebound
U.S. stocks closed higher on Monday, with the Dow flipping positive...
U.S. stocks closed higher on Monday, with the Dow flipping positive near the closing bell, as technology stocks bounced back. The Dow Jones Industrial AverageDJIA rose about 26 points, or 0.1%, ending near 35,308, according to preliminary FactSet data. The S&P 500 indexSPX scored a 0.6% gain and the Nasdaq Composite Index COMP, 1.05%closed up 1.1%, booking its best daily percentage climb since July 28, according to FactSet data. The S&P 500’s information technology sector outperformed with a 1.9% gain, while the communication services segment rose 1%