Benchmark U.S. crude oil for August delivery rose $1.84 to $74.83 a barrel Tuesday. Brent crude for September delivery rose $1.71 to $79.40 a barrel.
Wholesale gasolinefor August delivery rose 5 cents $2.62 a gallon. August heating oilrose 3 cents to $2.58 a gallon. August natural gas rose 6 cents to $2.73 per 1,000 cubic feet.
Dow finishes up 300 points as stocks rally ahead of inflation report
Stocks scored back-to-back gains on Tuesday as investors waited on an inflation...
Stocks scored back-to-back gains on Tuesday as investors waited on an inflation update due Wednesday from the June consumer-price index. The Dow Jones Industrial Average posted a near 317-point gain, advancing 0.9%, to end near 34,260, according to preliminary FactSet data. That marks its biggest daily percentage gain since June 15, according to FactSet. The S&P 500 index closed up 0.7%, while the Nasdaq Composite Index gained 0.6%.
Stocks have been on the upswing ahead of a key inflation reading for June, with the consumer price index expected to show further progress in retreat from its peak above 9% last summer. The Federal Reserve has indicated it likely has a few more rate hikes on tap this year to help bring inflation down toward its 2% annual target. Investors also will be tuning into second-quarter earnings, which kick off in earnest later in the week with results from some of the nation’s biggest banks.
Oil gains ground as output cuts, demand buoy prices
Oil prices posted a modest rise during trading earlier today as markets digested the news that top oil...
Oil prices posted a modest rise during trading earlier today as markets digested the news that top oil exporting nations like Saudi Arabia and Russia are to cut output and hopes grow for higher demand from developing nations in the second half of the year. West Texas Intermediate crude was up 0.7% at $73.47 a barrel while Brent crude futures rose by 0.6% to $78.15 a barrel.
Northwestern fired football coach Pat Fitzgerald, saying he failed to stop ...
Northwestern fired football coach Pat Fitzgerald, saying he failed to stop widespread hazing in the program.
Vladimir Putin met with Wagner boss Yevgeny Prigozhin after Prigozhin briefly turned his mercenary soldiers against Russia, the Kremlin said, making Prigozhin’s status following the mutiny even less clear.
The New York Times is scrapping its sports desk and will instead rely on coverage from The Athletic, a website the paper bought for $550 million last year.
Larry Nassar, the sports doctor convicted of sexually abusing gymnasts, including Olympic medalists, was stabbed in prison, the Associated Press reports.
A flight from Houston to Amsterdam had to be diverted to Chicago after a passenger became unruly, reportedly because his first choice of meal was not available.