U.S. natgas rises to 1-month high on soaring global energy prices
Reuters - U.S. natural gas futures gained about 6% to a one-month high on Friday as...
Reuters - U.S. natural gas futures gained about 6% to a one-month high on Friday as the U.S. market continued to follow massive price swings in global gas and oil trading with the Russia-Ukraine conflict stoking energy supply concerns.
Front-month gas futures rose 29.4 cents, or 6.2%, to settle at $5.016 per million British thermal units (mmBtu),their highest close since Feb. 2.
That put the contract up about 12% this week, the first time it rose for three weeks in a row since October 2021.
U.S. stocks end sharply lower as Russia expands its war in Ukraine
The Dow finished nearly 200 points lower Friday, capping another rough week on Wall Street as...
The Dow finished nearly 200 points lower Friday, capping another rough week on Wall Street as Russia expanded its war in Ukraine to the nation's south and ignited a fire Friday at Europe's largest nuclear power plant. The blaze now has been extinguished, but not before it sparked fears that an intensifying conflict in Eastern Europe could reach beyond Ukraine's borders. The Dow Jones Industrial AverageDJIA shed 0.5% on Friday, but lost 1.3% for the week, ending near 33,610, while booking four straight weeks of declines, according to Dow Jones Market Data. The S&P 500 indexSPX, -0.79% shed 0.8% Friday and 1.3% for the week, while the tech-heavy Nasdaq Composite Index COMP, -1.66% tumbled 1.7% Friday and lost 2.8% for the week, its worst weekly percentage decline in about six weeks.
Marathon Oil's stock jumps toward 3 1/2-year high as oil prices extend surge, and after credit rating upgrade
Shares of Marathon Oil Corp. ...
Shares of Marathon Oil Corp.MRO, 2.88% powered up 2.4% in afternoon trading Friday toward a 3 1/2-year high, as the oil and gas exploration and production company benefited from the spike up in oil prices to a 14-year high, and as the company's credit rating was put in a position to be lifted out of "junk" territory. Continuous crude oil futures shot up 7.3% to $115.51, the highest price seen since September 2008 as Russia's war on Ukraine intensified. Marathon's stock, which is on track for the highest close since Oct. 3, 2018, has soared 53.3% over the past three months, while the SPDR Energy Select Sector ETFXLE, 2.22% has rallied 35.5% and the S&P 500SPX, -1.29% has shed 5.0%.
