Tropical Storm Sean re-strengthens; Atlantic system could develop next week
A short-lived Tropical Storm Sean reformed again after being...
A short-lived Tropical Storm Sean reformed again after being downgraded to a tropical depression Thursday morning. Meanwhile, forecasters are also monitoring a system in the Atlantic that’s trailing not far behind Sean.
As of Thursday afternoon, Sean was located roughly 905 miles west of Africa’s Cabo Verde Islands in the far eastern Atlantic. It was moving northwest at 10 mph with maximum sustained winds of 40 mph, just above the 39 mph threshold for a tropical storm.
Sean originally became a tropical storm early Wednesday.
Below-average 84 Bcf build to US gas storage erodes surplus again
In a bullish gas storage update, the US Energy Information Administration...
In a bullish gas storage update, the US Energy Information Administration Oct. 12 reported an 84 Bcf injection to Lower-48 inventories in the prior week, marking the 13th below-average build in 14 weeks.
The 84 Bcf injection was about 8% below the consensus estimate from S&P Global Commodity Insights' weekly gas storage survey, which predicted a 91 Bcf injection for the week. The latest inventory build was nearly 10% below the five-year average injection of 93 Bcf and was 41 Bcf below the year-ago build of 125 Bcf, EIA data showed.
JPMorgan chief Dimon warns of 'ripple effects' from Middle East violence
(Reuters) - The conflict in the Middle East will have "ripple effects that extend far beyond the region",...
(Reuters) - The conflict in the Middle East will have "ripple effects that extend far beyond the region", JPMorgan Chase's CEO Jamie Dimon warned in an internal memo to employees seen by Reuters.
The attack could prompt "an increase in antisemitism and Islamophobia around the globe", Dimon said, adding that the bank was working closely with the U.S. and international government agencies to guarantee the safety of its employees.
Reuters reported earlier this week that JPMorgan told its more than 200 employees in Israel to work from home.
Benchmark U.S. crude oilfor November delivery fell 58 cents to $82.91 a barrel Thursday. Brent crudefor December delivery rose 18 centsto $86 a barrel.
Wholesale gasolinefor November delivery fell 4 cents to $2.17 a gallon. November heating oilrose 4 cents to $3.04 a gallon. November natural gasfell 4 cents to $3.34 per 1,000 cubic feet.
Dow sheds 170 points, stocks post losses as bond selloff resumes
Stocks closed lower on Thursday for the first time in five sessions...
Stocks closed lower on Thursday for the first time in five sessionsas a selloff in U.S. bonds resumed and a gauge of consumer prices came in hotter in September than expected. The Dow Jones Industrial AverageDJIA shed about 173 points, or 0.5%, ending near 33,631, according to preliminary FactSet data. The S&P 500 IndexSPX shed 0.6% and the Nasdaq Composite Index COMP also fell 0.6%. A resumed selloff in longer-duration government bonds was viewed as pressuring stocks lower, with yields on the 10-year Treasury TMUBMUSD10Y and 30-year Treasury note securing their biggest daily gains in more than a week.