Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, on April 21, 2020. Dronebase | Reuters U.S. crude oil on Tuesday dropped nearly 4% as inflation data stoked anxiety among traders that the Federal Reserve may not be ready to ease up on interest rates. The … Read more
Gas prices are seen at a Chevron gas station in Los Angeles on September 28, 2023. Robyn Beck | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
An Exxon Mobil gas station in Las Vegas on July 25, 2023. Bridgett Bennett | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
A vehicle refuels at a Shell gas station in Hyattsville, MD, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Gas prices in the U.S. have fallen to the cheapest level of the year just as consumers prepare for the height of the busy holiday shopping and travel season, according to … Read more
My top 10 things to watch Thursday, Dec. 14 1. U.S. stocks are higher in premarket trading Thursday, with S & P 500 futures up 0.46%. Equities rallied Wednesday after the Federal Reserve held interest rates steady, while indicating it would cut rates three times in 2024 — a decision more dovish than I expected. … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. U.S. stocks climbed higher Thursday morning, with the S & P 500 up 0.4%, a day after the Dow Jones Industrial Average hit a record high . The rally … Read more
The Occidental Petroleum Headquarters is seen on December 11, 2023 in The Woodlands, Texas. Brandon Bell | Getty Images News | Getty Images Berkshire Hathaway has purchased more than 10 million shares of Occidental Petroleum this week worth $588 million, signaling confidence in the oil producer’s pending acquisition of CrownRock. Warren Buffett’s Berkshire now owns … Read more
Wall Street analysts are warming up to Coterra Energy , a stock we bought more shares of just last week when it was firmly out of favor. In recent days, Citigroup, UBS and Wells Fargo all upgraded Coterra to buy-equivalent ratings, highlighting a host of fundamental reasons — including improving capital efficiency — to own … Read more
Dustin Josey makes his way across the gangplank as he leaves Shell’s Vito platform as workers continue construction on the project at the Kiewit Offshore Services complex Wednesday, April 6, 2022 in Ingleside. (Photo by Brett Coomer/Houston Chronicle via Getty Images) Brett Coomer | Houston Chronicle | Hearst Newspapers | Getty Images U.S. crude oil … Read more
TOPSHOT – Aerial view of the Essequibo region taken from Guyana on December 12, 2023. Venezuelan President Nicolas Maduro and his Guyanese counterpart, Irfaan Ali, will meet on December 14, 2023 in Saint Vincent and the Grenadines, on their countries’ growing dispute over the oil-rich region of Essequibo, amid mounting international warnings against escalating the … Read more
