U.S. stocks end higher as investors await May CPI report, update on trade talks
U.S. stocks finished higher on Tuesday as investors closely...
U.S. stocks finished higher on Tuesday as investors closely monitored trade talks between the U.S. and China while awaiting the release of the consumer-price index report for May on Wednesday morning to better gauge the Federal Reserve's policy path.
The Dow Jones Industrial Average rose over 100 points, or 0.3%, to end near 42,866, according to preliminary data from FactSet.
The S&P 500 was up 0.6%, to finish around 6,038.
The Nasdaq Composite advanced over 0.6%, ending near 19,714.
Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between...
Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the U.S. and China.
Analysts have said a trade deal between the countries with the world's two biggest economies could boost prices by supporting global economic growth and increasing oil demand.
Brent crude futures slid 17 cents, or 0.3%, to settle at $66.87 a barrel, while U.S. West Texas Intermediate crude fell 31 cents, or 0.5%, to settle at $64.98. On Monday, Brent settled at its highest since April 22 and WTI at its highest since April 3.
Trade talks between the U.S. and China stretched through a second full day and into the evening in London as the two countries pushed for a breakthrough on duelling export controls that have threatened to unravel a delicate tariff truce.
U.S. Commerce Secretary Howard Lutnick said trade talks with Chinese officials were going well and he hoped they would end on Tuesday night, but said they could run into Wednesday.
Texas Natural Gas Production Rewrites Record Books
Texas set new natural gas...
Texas set new natural gas production records this spring, the Texas Oil & Gas Association estimates. Marketed output reached a record 34.4 billion cubic feet per day, while crude oil production stood at 5.7 million barrels daily, and natural gas liquids output reached 4.0 million bpd. The state contributed 42.2% of American crude oil and 29.2% of its marketed natural gas from January to May.
Southwest Gas open season draws $1.2B investor interest
Southwest Gas Holdings...
Southwest Gas Holdings announced significant interest in its Northern Nevada natural gas pipeline expansion, potentially leading to a capital investment of some $1.2 billion. The project, managed by Great Basin Gas Transmission, could add 1.25 billion cubic feet per day of new capacity and enter service in late 2028.
More than half a dozen US-loaded ethane vessels, initially bound for...
More than half a dozen US-loaded ethane vessels, initially bound for China, are stalled along the US Gulf Coast after Washington mandated licenses for shale gas exports to the top buyer. The move has stymied around half of all US ethane exports leading to domestic oversupply and flattening prices.
