The U.S. produced more oil in 2023 than has ever been produced in any year by any country, according to the U.S. Energy Information Administration. Big Oil has become more productive as horizontal drilling and hydraulic fracturing, which is also known as fracking, have seen technological breakthroughs. U.S. oil production hit a low of 5 … Read more
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell’s annual rebalancing. “It’s worth paying attention to value,” the firm’s … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on the first trading day of 2024 on Jan. 2, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 22, 2024 in New York City. The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue to rise. Michael M. Santiago | Getty … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Dec. 14, 2023, in New York City. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to … Read more
A tanker truck sits near a Parker Drilling Co. oil rig in Prudhoe Bay, Alaska, U.S., on Wednesday, Feb. 15, 2017. Four decades after the Trans Alaska Pipeline System went live, transforming the North Slope into a modern-day Klondike, many Alaskans fear the best days have passed. Photographer: Daniel Acker | Bloomberg | Getty Images … Read more
California is home to some of the highest gas prices in the United States, according to AAA. The national average for a gallon of regular unleaded was $3.40 as of Thursday, according to the organization’s data. In California, the average was $4.87, more than any other state. Several factors go into what drivers pay for … Read more
