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By Leah McGrath Goodman, the Institutional Investor. The first-ever zero oil futures trade happened at 2:08 p.m. ET on Monday, April 20, during...
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The U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1. EIA HERE
U.S. stocks completed a momentous trading session on Wednesday, with investor optimism over Donald Trump's presidential election victory fueling the most significant post-election jump in the Dow Jones Industrial Average in over 100 years.
Wednesday's advance in all three major U.S. stock indexes came despite a spike in Treasury yields, led by a 15.3-basis-point rise in the 30-year rate.
Based on preliminary data, the Dow Jones Industrial Average closed up 1508.05 points, or 3.6%, at a new record close of 43,729.93.
The S&P 500 closed up by 146.28 points, or 2.5%, at 5,929.04.
The Nasdaq Composite ended up by 544.29 points, or almost 3%, at 18,983.47.
The small-cap Russell 2000 Index finished up by roughly 129 points, or 5.7%, at around 2,390 for its largest one-day point gain on record.
At Janus Henderson Investors, Marc Pinto, head of Americas equities, and Lucas Klein, head of EMEA and Asia Pacific equities, said the surprisingly straightforward U.S. election results may provide additional fuel for U.S. stocks through year-end. However, they said, it remains to be seen how policy will impact future earnings—the real driver of long-term returns.
Three of the U.S.’s most oil-rich producing basins have also seen a notable rise...
The oil & gas rumor mill is getting fired up again as recent industry...
By Alejandra Martinez | The Texas Tribune | FORT WORTH — Republican Christi Craddick cruised...
Donald Trump’s election has brought renewed optimism to the oil and gas industry. Energy...
[S&P Global] – Asian oil buyers are set to witness significantly more opportunities to...
In yesterdays elections, both Oklahoma and Texas have chosen leaders for their respective energy...
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In a recent Bloomberg interview, Anne-Sophie Corbeau, the former head of gas analysis at...
Credit: Story by Bloomberg|Sam Kim| South Korea is considering boosting energy imports from the...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter...
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