Benchmark U.S. crude oilfor October delivery fell 67 centsto $86.87 a barrel Thursday. Brent crude for November delivery fell 68 cents to $89.92 a barrel.
Wholesale gasoline for October delivery rose 2 cents to $2.62 a gallon. October heating oilrose 2 centsto $3.21 a gallon. October natural gasrose 7 cents to $2.58 per 1,000 cubic feet.
Nasdaq falls for 4th straight session as Apple weighs on technology stocks
U.S. stocks finished mostly lower on Thursday with the Nasdaq...
U.S. stocks finished mostly lower on Thursday with the Nasdaq Composite leading the way down as investor sentiment cratered in the face of concerns that the Federal Reserve may keep interest rates higher for longer. The technology-heavy Nasdaq IndexCOMP fell 123 points, or 0.9%, to end at 13,748, while suffering four consecutive sessions of losses. The Dow Jones Industrial AverageDJIA was up 0.2%, and the S&P 500 IndexSPX dropped 0.3%. Apple sharesAAPL were down for a second day after the Wall Street Journal reported that China had banned government officials from using iPhones for work purposes. In U.S. economic data, initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor Department said Thursday. This is the lowest level since mid-February.
Quest for cleaner gas must extend to the full value chain
Momentum is growing for responsibly sourced gas as environmental concerns prompt buyers, especially in...
Momentum is growing for responsibly sourced gas as environmental concerns prompt buyers, especially in Europe, to seek cleaner energy alternatives. Nearly 30% of US gas production has been certified as responsibly sourced, but much remains to be done to reduce methane emissions intensity across the entire gas supply chain, including pipelines, liquefied natural gas terminals and gas-fired plants.
⛽️US prepares to close unused East Coast gasoline reserve
Congress is moving forward with a plan to sell the 1-million-barrel Northeast Gasoline Supply Reserve,...
Congress is moving forward with a plan to sell the 1-million-barrel Northeast Gasoline Supply Reserve, established after Hurricane Sandy but never used. The decision comes as East Coast gasoline supplies hover near 10-year seasonal lows.
Trafigura: Price spikes may hit fragile oil market
The oil market...
The oil market faces susceptibility to price spikes due to low inventories and inadequate investments in new oilfields, according to Ben Luckock, co-head of oil trading at Trafigura. Although the fair oil price ranges from $72 to $88 per barrel, Luckock expressed concerns about market complacency, emphasizing risks for higher prices due to prolonged underinvestment and factors such as elevated interest rates.