Oil prices settle higher as investors focus on Trump-Zelenskiy meeting
(Reuters) - Oil prices settled 1% higher on Monday after...
(Reuters) - Oil prices settled 1% higher on Monday after talks between U.S. President Donald Trump and his Ukrainian counterpart in the wake of an inconclusive U.S.-Russia summit in Alaska on Friday.
Brent crude futures settled up 75 cents, or 1.14%, at $66.60 a barrel. U.S. West Texas Intermediate crude gained about 62 cents, or 0.99%, to $63.42.
Last week, Brent eased by 1.1% while WTI dropped 1.7%.
Speaking to reporters in the Oval Office with Zelenskiy seated beside him, Trump expressed hope that Monday's summit could eventually lead to a trilateral meeting with Russian President Vladimir Putin, adding that he believes Putin wants the war to end.
U.S. stocks end mostly flat as investors watch Ukraine talks, await Powell’s Jackson Hole speech
U.S. stocks ended mostly flat on Monday as investors...
U.S. stocks ended mostly flat on Monday as investors followed the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky and awaited Federal Reserve Chair Jerome Powell's Friday speech at the annual monetary-policy symposium in Jackson Hole, Wyo.
Trump said he planned to phone Russian President Vladimir Putin following the meetings on Monday.
The Dow Jones Industrial Average fell 34.30 points, or 0.08%, to end at 44911.82, according to the Dow Jones Market Data.
The S&P 500 edged down 0.65 point, or 0.01%, to finish at 6,449.15.
The Nasdaq Composite added 6.80 points, or 0.03%, to end at 21,629.77
Devon Enters Agreement to Supply Centrica with NatGas for LNG
U.K. energy and services company Centrica Energy entered into a natural...
U.K. energy and services company Centrica Energy entered into a natural gas sale and purchase agreement with U.S.-Oklahoma City-based Devon Energy, the firm said Aug. 15.
Under the agreement, Devon will supply 50,000 MMBtu/d of natural gas over a 10‑year term starting in 2028—equivalent to five LNG cargoes per year.
The volumes will be indexed to the European gas hub price (TTF), Centrica said. The physical volumes of this deal in the U.S. will be handled and optimized by Centrica Energy’s U.S. subsidiary, which recently announced the opening of an office in New York.
Hurricane Erin thrashes Caribbean on its way north
Erin, the first hurricane of the 2025 season, knocked out power to nearly...
Erin, the first hurricane of the 2025 season, knocked out power to nearly 155,000 utility customers as a Category 3 storm with maximum sustained winds of 125 mph. Erin has undergone dramatic fluctuations in intensity: A Category 5 on Saturday, the hurricane weakened on Sunday but is expected to regain strength on Monday and Tuesday when it turns north to pass between the US and Bermuda. The East Coast is expected to experience dangerous rip currents and surf during the week.
Fresh off of Friday’s summit with Russian President Vladimir Putin...
Fresh off of Friday’s summit with Russian President Vladimir Putin in Alaska, President Trump sits down with Ukrainian President Volodymyr Zelensky at the White House today. Several European leaders will be joining Zelensky to show support, including German Chancellor Friedrich Merz, French President Emmanuel Macron, and British Prime Minister Keir Starmer. At Friday’s summit with Putin, Trump backed off his push for an immediate ceasefire in Ukraine and expressed support for a broader peace deal that would, according to the New York Times, involve Ukraine ceding swaths of its territory to Russia.
