The energy sector is pointing to a higher start, backed by some mild strength in the crude complex and...
The energy sector is pointing to a higher start, backed by some mild strength in the crude complex and major equity futures which were sharply higher this morning as the market tried to bounce after a punishing bear market for the tech-heavy Nasdaq and a 19% pullback for the S&P 500.
WTI and Brent crude oil futures extended their advance this morning for the fifth consecutive session, touching their highest mark in seven weeks. Futures are supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.
Natural gas futures carried over yesterday’s rally into this morning’s session, backed by higher European prices keeping U.S. LNG exports strong even though Europe has more gas in storage compared with normal than the United States.
West Texas rancher pours $2 million into Sarah Stogner’s campaign for oil and gas board seat
Ashley Watt, who owns a 75,000-acre ranch in the Permian Basin, is helping bankroll...
Ashley Watt, who owns a 75,000-acre ranch in the Permian Basin, is helping bankroll a substantial TV ad buy in the final two weeks before Sarah Stogner faces the Railroad Commission’s chair, Wayne Christian, in the runoff.
It is another striking twist in a race that Stogner, an oil and gas attorney, previously shook up in the primary when she released a campaign ad of herself riding a pumpjack nearly naked.
🔥From Twitter: Permian natural gas production volumes up
Permian natural gas production averaged...
Permian natural gas production averaged 14.96 Bcf/d last week, about 0.2 Bcf/d ahead of our forecast for May. Gas volumes are up about 2 Bcf/d when compared to this time last year. https://t.co/OVoZv7k72Qpic.twitter.com/7JcGLU37kv
West Texas Intermediate crude for June delivery,...
West Texas Intermediate crude for June delivery, considered the benchmark U.S. price, rose $3.71 or 3.36% and closed at $114.20 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery went up $2.69 or 2.41% and finished the day at $114.24 a barrel on ICE Futures Europe.
June natural gas rose 30 cents or 3.82% to $7.96 per 1,000 cubic feet.
Dow futures up nearly 400 points ahead of retail sales and comments from Fed’s Powell
U.S. stock index futures surged on Tuesday, with the technology sector leading the way...
U.S. stock index futures surged on Tuesday, with the technology sector leading the way higher ahead of a batch of economic data, including April retail sales and comments from several Federal Reserve speakers, including Chairman Jerome Powell later in the session.
S&P 500 futures ES00 climbed 68.50 points, or 1.7%, to 4,073.75
Dow Jones Industrial Average futures YM00 surged 439 points, or 1.3%, to 32,595
Nasdaq 100 futures NQ00 surged 261 points, or 2.1% to 12,507
On Monday, the Dow Industrials DJIA finished less than 0.1% higher at 32,223.42, the S&P 500 SPX closed 0.4% lower at 4,008.01, and the Nasdaq Composite COMP fell 1.2% to 11,662.79. The losses follow another losing week for all three major indexes.
