A pulling unit or workover rig providing maintenance on an oil well in the canyon country of Utah.. … [+] (Photo by: Jon G. Fuller / VWPics/Universal Images Group via Getty Images) VW Pics/Unive...
Tag: oil prices
No, Former President Trump Did Not Fill The Strategic Petroleum Reserve
WASHINGTON, DC – APRIL 20: U.S. President Donald Trump speaks during a daily briefing of the … [+] coronavirus task force at the White House April 20, 2020 in Washington, DC. Oil prices fe...
Nongfu Spring, Flagship Of China’s Richest Man, Posts ’21 Profit Gain, Sees Rising Costs From Ukraine War
Bottles of Nongfu Spring Co. water at a vending machine in Shanghai. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Nongfu Spring, the flagship beverage business of China’s...
U.S. Oil Companies Have Increased Drilling By 60% In One Year
ODESSA, TEXAS – MARCH 13: A statue of a pumpjack and drilling rig sits next to a gas station in a … [+] city located in the Permian Basin oil field area on March 13, 2022 in Odessa, Texas....
Dow Falls 400 Points As Supply Disruptions Send Oil Prices Surging Higher
Topline The stock market tumbled on Wednesday as oil prices spiked yet again due to supply disruptions from Russia’s invasion of Ukraine, and investors face renewed inflation fears even after the Fede...
Stocks Jump As Investors Prepare For Bigger Fed Rate Hikes To Fight Inflation
Topline The stock market finished slightly higher and government bond yields surged on Tuesday as investors assessed the Federal Reserve’s more aggressive stance on fighting inflation, with a growing ...
Stocks Rise As Experts Call For Bigger Rate Hikes To Fight Inflation
Topline The stock market opened slightly higher and government bond yields surged on Tuesday as investors assessed the Federal Reserve’s more aggressive stance on fighting inflation, with a growing nu...
Oil Market Rollercoaster Continues To Cause Economic Pain
WASHINGTON, DC: White House Press Secretary Jen Psaki speaks during a White House daily news … [+] briefing at the James S. Brady Press Briefing Room of the White House in Washington, DC. (Photo...
Are You Being Gouged At The Pump?
MARSHFIELD, MA – March 14: A Mobile station displays $4.69 for gasoline as a Gulf next door has it … [+] for $3.99 a gallon on March 14, 2022 in Marshfield, Massachusetts. (Photo by Matt S...
Dow Jumps 400 Points As Stocks Continue To Rebound Ahead Of Federal Reserve Decision
Topline The stock market opened higher on Wednesday, adding to gains earlier this week, as investors await the Federal Reserve’s latest monetary policy decision, with the central bank expected to rais...
Cathie Wood Watch: Ark Buys Aerospace, China Car Maker; Sells Pharma
Star investor Cathie Wood, chief executive of Ark Investment Management, remains active in the tumultuous stock market, on Monday buying aerospace and Chinese-vehicle shares. She sold pharmaceutical s...
Dow Falls 200 Points After Red-Hot Inflation Report And Failed Russia-Ukraine Talks
Topline Stocks fell once again on Thursday following another dismal inflation report—with consumer prices jumping 7.9% in February, while investors hoping for a resolution to the Russia-Ukraine confli...
These Energy Stocks Are Surging As Oil And Gas Prices Keep Climbing With No Relief In Sight
Topline While Russia’s invasion of Ukraine sparked a surge in oil prices that has roiled markets, energy stocks like Occidental Petroleum, Chevron and Exxon Mobil have widely outperformed the rest of ...
Dow Jumps 800 Points As Stocks Take A Breather—But Worries Are Far From Over
Topline Stocks rebounded from a recent losing streak on Wednesday, with investors getting a temporary respite as recently surging energy prices moderated somewhat, though Wall Street remains on edge t...
Here’s How Biden’s Historic Ban On Russian Oil Will Hit The Economy
Topline President Joe Biden announced an historic U.S. ban on Russian oil imports on Tuesday as the latest round of sanctions against Russia for its invasion of Ukraine, but as energy prices continue ...
Dow Falls 800 Points With No End In Sight For Russia’s Invasion Of Ukraine
Topline The stock market moved sharply lower on Monday after oil prices briefly hit more than $130 per barrel overnight—the highest level since July 2008—as the escalating conflict between Russia and ...
Ark’s Cathie Wood Says Passive Investing Sparked The ‘Most Massive Misallocation Of Capital In The History Of Mankind’
Topline Speaking at the Forbes 30/50 Summit in Abu Dhabi on Monday, famed stock picker, Cathie Wood, of Ark Invest sharply criticized passive investing and touted disruptive innovation stocks, even as...
Energy Security, Prices Take Priority Over Climate Concerns In Crisis
WASHINGTON, DC – President Joe Biden is reported to be considering a third release of oil from the … [+] U.S. Strategic Petroleum Reserve of the Department of Energy since December to comb...
What Does $5 a Gallon Gas Mean for the Average American?
The idea of paying $5 a gallon for gas scares most Americans — at least the ones who don’t live in California, where AAA reports that the price per gallon for gas currently sits at $5.07. ...
Dow Jumps 700 Points, Oils Hits 11-Year High As ‘Investors Are Whipsawed’ By Rate Hikes And Russia-Ukraine Conflict
Topline The stock market jumped on Wednesday—despite oil prices skyrocketing to their highest level since 2011 amid Russia’s invasion of Ukraine—as Federal Reserve Chairman Jerome Powell told Congress...
Dow Falls 600 Points, Oil Prices Surge As Russia-Ukraine Conflict Continues To Roil Markets
Topline The stock market plunged on Tuesday—with the Dow Jones Industrial Average falling roughly 600 points, while oil prices surged to new seven-year highs as Russia escalated its attacks on several...
Economic Fallout From Russia’s Invasion Will Be ‘Modest’—But Inflation Will Surge Higher, This Expert Predicts
Topline While Russia’s invasion of Ukraine is taking a “massive” human toll, the global economic fallout is likely to remain “modest,” according to a recent note from Moody’s Analytics chief economist...
Why Investors Shouldn’t Worry (Much) About The Ukraine Invasion
Ukranian tanks. (Photo by Sergey BOBOK / AFP) (Photo by SERGEY BOBOK/AFP via Getty Images) AFP via Getty Images War, for those embroiled in one, is mankind at its worst. While the carnage of Russia’s ...
Russia-Ukraine Conflict Stock Market Volatility Increases
AFP via Getty Images TL;DR: On Thursday, February 24, Russia invaded Ukraine OPEC+ will hold the next meeting on March 2, as the Russia-Ukraine conflict and possible sanctions continue to disrupt supp...
Russia’s Invasion Of Ukraine Has Sent Energy Prices Soaring—Here’s How High Oil Could Rise
Topline Oil prices have continued to skyrocket this week—with Brent crude briefly rising above $100 per barrel for the first time since 2014—as Russia launched its invasion of Ukraine, and although pr...
Dow Jumps 800 Points After Russia Says It’s Open To Talks With Ukraine
Topline The stock market jumped on Friday, with the Dow surging roughly 800 points—on track for its best day so far in 2022—amid reports that Russia is open to negotiating with Ukraine, even as Russia...
The Federal Reserve’s ‘War On Inflation’ Is More Important For Stocks Than The Russia-Ukraine Conflict
Topline While worries over a Russian invasion of Ukraine, which Western officials say has “already begun,” drag stocks lower in the short-term, markets face a bigger problem on the horizon with the Fe...