Benchmark U.S. crude oil for December delivery fell 47 cents to $84.58 a barrel Monday. Brent crude for December delivery fell 24 cents to $93.26 a barrel.
Wholesale gasoline for November delivery rose 7 cents to $2.73 a gallon. November heating oil rose 9 cents to $3.92 a gallon. November natural gas rose 24 cents to $5.20 per 1,000 cubic feet.
Stocks bounce, see highest close in over a month amid renewed hopes of a Fed pivot
U.S. stocks finished higher Monday, sending the Dow and S&P...
U.S. stocks finished higher Monday, sending the Dow and S&P 500 to their highest closes in more than a month, as investors assessed weaker-than-expected economic data and the possibility that the Federal Reserve might pull back on aggressive rate increases by year-end.
The Dow Jones Industrial Average DJIA, +1.34% finished up by 417.06 points, or 1.3%, at 31,499.62. That’s the highest closing value since Sept. 12.
The S&P 500 SPX, +1.19% ended up by 44.59 points, or 1.2%, at 3,797.34. That’s the highest closing value since Sept. 20. The index is up 6.2% from a nearly two-year low set on Oct. 12.
The Nasdaq Composite COMP, -7.32% finished up by 92.90 points, or 0.9%, at 10,952.61 after shaking off a morning decline.
The Dow rose 4.9% last week and the S&P 500 advanced almost 5% for their largest such gains since the week that ended June 24. The Nasdaq Composite gained 5.2% last week, its biggest rise since the week that ended July 29.
Schlumberger's profits buoyed by rising oil, gas activity
Oilfield services giant Schlumberger earned $907 million in the third quarter, its highest profit in...
Oilfield services giant Schlumberger earned $907 million in the third quarter, its highest profit in seven years and a 65% increase compared to a year ago, while revenues climbed 29% to $7.5 billion compared with the third quarter of 2021, as growing international oil and natural gas activity fueled drilling equipment demand. The company today unveiled a new name -- SLB -- and new visual identity to reflect its low-carbon focus.
