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By: CNBC – OPEC on Monday raised its medium- and long-term forecasts for global oil demand. The oil producer group said the...
By: Reuters – Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources...
STORY BY Matthew Loh| Business Insider, via Yahoo News| The US is likely to directly intervene with air and naval strikes if...
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By: S&P Global – Global oil markets are poised for a potential price rally when trading reopens on Oct. 9 amid fears...
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By: Reuters – Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil...
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By: CNBC – It’s been a war of words and numbers between two major players in the energy industry – the International...
U.S. stocks finished lower on Friday, capping off the worst week for the S&P 500 since early September. Creeping doubts about a December interest-rate cut by the Federal Reserve helped interrupt a post-election rally.
Economic data on inflation and retail sales, coupled with comments from senior Fed officials about there being no big rush to cut rates, including from Chair Jerome Powell, weighed on investors' minds this week. Investors also cast a wary eye toward the Treasury market, as the yield on the 10-year note touched a six-month high earlier on Friday, FactSet data showed.
Here is where stocks finished, based on preliminary data from FactSet:
The S&P 500 closed down 78.55 points, or 1.3% lower at 5,870.
The Nasdaq Composite was down by 427.53 points, or 2.2%, at 18,680.
The Dow Jones Industrial Average shed 305.87 points, or 0.7%, at 43,444.99
Tropical Storm Sara is unleashing heavy rainfall in northeastern Honduras, with life-threatening flash flooding and mudslides anticipated this weekend, according to the National Hurricane Center.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
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Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
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The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
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