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By: Starr Spencer – S&P Global Platts – The US oil and gas rig count jumped climbed 12 to 442 in the...
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By: Matthew Brown – AP – The Biden administration announced Thursday a 60-day suspension of new oil and gas leasing and drilling...
By: Jeff Brady – NPR – As part of his ambitious plan to address climate change, President Biden is revoking a key cross-border presidential permit...
By: Ahmad Ghadder, Alex Lawler, Nidhi Verma – Reuters – OPEC’s secretary-general said on Tuesday he was cautiously optimistic the oil market...
An exceptional story on how President Biden and his new administration may change Oklahoma Energy, by Jack Money – The Oklahoman. Presidential...
U.S. stocks logged a modest pullback Thursday, taking a breather from a rally that saw the Dow and S&P 500 ring up another round of record closes a day before.
The retreat for equities came in the wake of slightly stickier September inflation data and as investors gauged what sway that may have over the Federal Reserve's next interest-rate decision in November.
The Dow Jones Industrial Average fell 57.88 points, or 0.1%, ending at 42,454.12.
The S&P 500 shed 12 points, or 0.2%, closing at 5,780.05.
The Nasdaq Composite dropped 9.57 points, or nearly 0.1%, finishing at 18,282.05.
Consumer Price Index inflation data released on Thursday showed that price increases did not moderate as much as expected in September, although they have still cooled significantly over the past two years.
The report showed that overall inflation was 2.4 percent on an annual basis, down slightly from 2.5 percent previously. That was somewhat higher than economists had forecast, as monthly inflation came in warmer than expected.
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