A false report that the U.S. and Iran might be close to a deal on oil exports sent crude oil prices falling more than $3 a barrel before the claim was denied by the White House and the price tumble was stopped.
The phony report stated that the U.S. might ease some sanctions in exchange for Iran reducing uranium enrichment.
“This report is false and misleading,” said a spokesperson for the White House National Security Council, referring to an article on the Middle East Eye website.
WTI crude fell $1.11 to $71.42 a barrel, while Brent crude finished down 99 cents, closing at $75.96 a barrel.
EQT Corp. is upsizing its previously announced tender offer to purchase for cash up to $300 million...
EQT Corp. is upsizing its previously announced tender offer to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.125% senior notes due 2025.
The tender offer amendment increases the aggregate principal amount of notes subject to the tender offer from $250 million.
The tender offer is being made upon and is subject to terms and conditions set in the offer to purchase, dated May 24. Tendered notes may no longer be withdrawn, as withdrawal rights for the offer expired at 5:00 p.m. June 7 New York City time.
June 7 was the last date and time for holders to tender notes in order to qualify to receive early tender consideration, which includes an early tender premium of $30 per $1,000 principal amount of notes. Payment for notes accepted for purchase is to be made on June 9.
Benchmark U.S. crude oil for July delivery fell...
Benchmark U.S. crude oil for July delivery fell $1.24 to $71.29 a barrel Thursday. Brent crude for August delivery fell 99 cents to $75.96 a barrel.
Wholesale gasolinefor July delivery fell 3 cents $2.61 a gallon. July heating oil fell 1 cent to $2.39 a gallon. July natural gasrose 2 cents to $2.35 per 1,000 cubic feet.
The US solar market is on track to more than double over the next five years as the landmark Inflation...
The US solar market is on track to more than double over the next five years as the landmark Inflation Reduction Act boosts domestic manufacturing. Total installed capacity will reach 377 gigawatts at the end of 2028, up from 142 gigawatts at the end of last year, according to a report from the Solar Energy Industries Association and Wood Mackenzie published Thursday.
U.S. stocks rose Thursday, with the S&P 500 closing above...
U.S. stocks rose Thursday, with the S&P 500 closing above the threshold that marks an exit from a bear market. Stocks were buoyed following a rise in weekly jobless claims that reinforced expectations the Fed will hold rates steady next week, analysts said. The S&P 500SPX, +0.62% rose around 26 points, or 0.6%, to close just shy of 4,294, according to preliminary figures. A close above 4,292.44 meets the criteria for exiting a bear market, marking a 20% rise from the benchmark’s October closing low. The Dow Jones Industrial AverageDJIA, +0.50% rose around 169 points, or 0.5%, while the Nasdaq Composite COMP, +1.02% jumped 1%.
