IEA: Global oil market faces potential shift in 2024
The International Energy Agency anticipates that the current oil market deficit will turn into a modest...
The International Energy Agency anticipates that the current oil market deficit will turn into a modest surplus next year even with potential extensions of OPEC+ production cuts. "Global oil stocks are at low levels, which means that you risk increased volatility if there are surprises on either the demand side or the supply side," said IEA Head of Oil Industry and Markets Division Toril Bosoni.
Benchmark U.S. crude oilfor January delivery fell 67 centsto $77.10 per barrel Wednesday. Brent crude for January delivery fell 49 cents to $81.96 per barrel.
Wholesale gasoline for December delivery was unchanged at $2.23 a gallon. December heating oilfell 3 cents to $2.89 a gallon. December natural gasrose 5 cents to $2.90 per 1,000 cubic feet.
Dow ends over 180 points higher as stocks score pre-Thanksgiving gains
Stocks ended higher Wednesday in the final, full trading session of the week, extending a strong November...
Stocks ended higher Wednesday in the final, full trading session of the week, extending a strong November rally that’s been accompanied by a pullback in Treasury yields and hopes for a so-called soft landing for the economy. U.S. markets are closed Thursday for Thanksgiving Day, followed by an abbreviated session Friday.The Dow Jones Industrial AverageDJIA rose around 185 points, or 0.5%, to close near 35,273, according to preliminary figures. The S&P 500SPX ended 0.4% higher near 4,557, while the Nasdaq CompositeCOMP advanced 0.5% to finish near 14,266.
Israel says no hostage release or pause in fighting before Friday
The temporary cease-fire paired with the release of hostages held in Gaza and Palestinian prisoners in...
The temporary cease-fire paired with the release of hostages held in Gaza and Palestinian prisoners in Israeli jails will likely not begin until Friday at the earliest, Israeli officials said on Wednesday night, as negotiators continued to hammer out details of an agreement between Israel and Hamas that would see a pause in fighting to allow for groups of hostages and Palestinian prisoners to be released.
Navy ship in Red Sea shoots down more attack drones from Houthi-controlled areas in Yemen:
The U.S. Navy destroyer USS Hudner shot down several attack drones over the Red Sea that were launched...
The U.S. Navy destroyer USS Hudner shot down several attack drones over the Red Sea that were launched from Houthi-controlled areas in Yemen early Thursday morning local time, according to U.S. Central Command.
"The ship and crew sustained no damage or injury," a statement from the command read.
Just one week earlier, Navy officials announced the same ship shot down another drone originating in Yemen that was heading in the direction of the ship.