Secondary buyers shun energy funds despite rising prices
Private-equity energy funds continue to attract limited interest from secondary buyers...
Private-equity energy funds continue to attract limited interest from secondary buyers despite sky-high oil and natural gas prices, as environmental concerns and pressure to divest from fossil fuels add to investor reluctance. However, activity could improve "if oil prices stay at the $100 a barrel level or above in the next three to six months," according to Solomon Owayda, the founding partner at secondary intermediary Mozaic Capital Advisors.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $3.53 to $98.54 a barrel Monday. Brent crude...
Benchmark U.S. crude oil for June delivery fell $3.53 to $98.54 a barrel Monday. Brent crude for June delivery fell $4.33 to $102.32 a barrel.
Wholesale gasoline for May delivery fell 7 cents to $3.24 a gallon. May heating oil rose 15 cents to $4.09 a gallon. May natural gas rose 14 cents to $6.67 per 1,000 cubic feet.
Gold for June delivery fell $38.30 to $1,896 an ounce. Silver for May delivery fell 59 cents to $23.67 an ounce and May copper fell 13 cents to $4.45 a pound.
The dollar fell to 128.02 Japanese yen from 128.59 yen. The euro fell to $1.0709 from $1.0787.
MarketWatch: Dow ends up 240 points after staging huge reversal; Nasdaq jumps 1.3%
All three major U.S. stock benchmarks closed higher Monday, recovering from losses earlier in...
All three major U.S. stock benchmarks closed higher Monday, recovering from losses earlier in the trading session, as Treasury yields fell and investors appeared to shrug off concerns over China's Covid-19 lockdown. The Nasdaq Composite COMP, 1.29% led the way higher with a 1.3% gain, followed by the Dow Jones Industrial Average, which finished up 0.7%, according to preliminary FactSet data. The S&P 500 closed with a modest gain of about 0.6%, with mixed results across its 11 sectors. Information technology and communication services booked the biggest gains in the S&P 500 index, while energy was the worst-performing sector Monday, FactSet data show. Major stock benchmarks rose as the yield on the 10-year Treasury note TMUBMUSD10Y, 2.825% fell 8 basis points to 2.825%, the largest one-day decline since March 4 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data.
After rebuffing Elon Musk’s initial overtures, Twitter’s board on Monday said it will take Musk’s $44 billion offer for the company, ending a weeks-long saga over whether the company would accept his unsolicited bid. pic.twitter.com/Ygr09jqrT3
