U.S. energy firms this week added the most natural gas rigs in a week in over four years, leading to a rise in the combined oil and gas rig count for the first time in five weeks.
Meanwhile, Oklahoma’s count grew by one to reach 62, significantly more than the 49 reported one year ago.
The TOTAL oil and gas rig countrose eight to 754 in the week of March 17. That puts the total rig count up 91 rigs, or 13.7%, over this time last year.
Oil rigsfell one to 589 this week, while gas rigsrose nine to 162.
A viral TikTok that exposed a vulnerability in certain Kia and Hyundai models — and sparked the theft...
A viral TikTok that exposed a vulnerability in certain Kia and Hyundai models — and sparked the theft of hundreds of thousands of cars. The trend has become a financial burden for consumers and a legal nightmare for Kia and Hyundai. More here.
Benchmark U.S. crudeoil for April delivery fell $1.61 to $66.74 a barrel Friday. Brent crude for May delivery fell $1.73 to $72.97 a barrel.
Wholesale gasoline for April delivery was unchanged at $2.50 a gallon. April heating oilrose 4 cents to $2.68 a gallon. April natural gasfell 17 cents to $2.34 per 1,000 cubic feet.
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Dow closes down nearly 400 points Friday as bank stocks tumble
Continued jitters over the banking sector put stocks under renewed pressure Friday, with ...
Continued jitters over the banking sector put stocks under renewed pressure Friday, with major indexes suffering sharp losses.
The S&P 500 financial sectorfell 3.3% to lead losers as cheer over a $30 billion infusion of deposits into First Republic Bank a day earlier faded. First Republic shares ended 33% lower on Friday.
The Dow Jones Industrial Averageended the day down by around 385 points, or 1.2%, while the S&P 500 shed 1.1% and the Nasdaq Composite fell 0.7%. The drop left the Dow with a weekly loss of 0.2%, while the S&P 500 maintained a gain of 1.4%. The Nasdaq, meanwhile, saw a 4.4% weekly rise, its strongest since a 4.8% gain in the week ended Jan. 13.