By: Myles McCormick – Financial Times – Pioneer Natural Resources has agreed to buy rival Parsley Energy for $7.6bn including debt, marking...
By: Paul Takahashi – Houston Chronicle – ConocoPhillips has long eschewed mergers and acquisitions in favor of disciplined spending and steady, organic...
By: Scott DiSavino – Reuters – Spot natural gas prices at the Waha Hub in the Permian basin in West Texas turned...
By: Adrian Hedden – Carlsbad Current-Argus – New Mexico state oil and gas regulators released the final version of proposed emissions regulations...
By: Harry Weber – S&P Global Platts – An unusually active Atlantic hurricane season has tested the resilience of US liquefaction infrastructure...
By: Erwin Seba – Reuters – U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S....
By: Derek Brower – Financial Times – A fracking binge in the American shale industry has permanently damaged the country’s oil and...
By: Paul Takahashi – Houston Chronicle – For nearly four decades, Cushing, Okla. has served as the epicenter of the U.S. oil...
By: David Blackmon – Forbes – A pair of new reports issued on Monday portray a domestic oil and gas industry entering into...
By: David Hodari – WSJ – The world’s appetite for crude oil won’t reach its apex for another two decades, the Organization...
U.S. stocks closed higher Friday, with the S&P 500 and technology-heavy Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting.
The Dow Jones Industrial Average rose 297.01 points Friday, or 0.7%, to close at 41,393.78.
The S&P 500 climbed 30.26 points, or 0.5%, to finish at 5,626.02.
The Nasdaq advanced 114.30, or 0.7%, to end at 17,683.98.
For the week, the Dow gained 2.6%, the S&P 500 rallied 4%, and the Nasdaq jumped 6%. According to Dow Jones Market Data, the S&P 500 and Nasdaq each saw their largest weekly percentage gain since the stretch ending Nov. 3.
Investors are looking ahead to the Fed’s two-day policy meeting next week, which will conclude Wednesday with its highly anticipated decision on where to set interest rates. At last check, according to the CME FedWatch Tool, after the closing bell on Friday, traders were pricing in a 55% chance the Fed will lower its policy rate by a quarter percentage point and a 45% probability of a larger, half-point rate cut.
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