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U.S. stocks shrugged off earlier weakness on Thursday to post modest gains, helping to bring the three major equity indexes closer to reclaiming record territory.
Investors monitored inflation data, Iran tensions, and trade developments. President Trump said countries should expect letters about tariffs as his early July deadline on a 90-day pause on trade levies nears.
The Dow Jones Industrial Average rose 101.85 points, or 0.2%, to 42,967.62. Boeing Co. shares fell 4.7% after an Air India 787 Dreamliner jet crashed, keeping a lid on the Dow's gains.
The S&P 500 index added 23.02 points, or 0.4%, closing at 6,045.26.
The Nasdaq Composite advanced 46.61 points, or 0.2%, finishing at 19,662.48.
The S&P 500 has been taking baby steps toward reclaiming record levels since crossing back over the 6,000 mark last week. It needs to end above its 6,144.15 record set on Feb. 19.
According to data from the EIA Petroleum Status Report, crude oil inventories in the US fell by 3.644 million barrels in the week ending June 6, 2025, more than market expectations of a 2.5 million barrel decrease.
Also, stocks in the Cushing, Oklahoma, delivery hub decreased by 403 thousand barrels.
Among refined fuels, gasoline stocks rose by 1.504 million barrels and stocks of distillate fuels increased by 1.246 million barrels, both above expectations.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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