Benchmark U.S. crude oil for July delivery rose $1.88...
Benchmark U.S. crude oil for July delivery rose $1.88 to $80.33 per barrel Monday. Brent crude for August delivery rose $1.63 to $84.25 per barrel.
Wholesale gasoline for July delivery rose 5 cents to $2.45 a gallon. July heating oil rose 1 cent to $2.48 a gallon. July natural gas fell 9 cents to $2.79 per 1,000 cubic feet.
Dow ends up nearly 200 points as S&P 500, Nasdaq bag fresh records
According to Dow Jones Market Data, the Nasdaq's streak of closing records...
According to Dow Jones Market Data, the Nasdaq's streak of closing records is the longest since a string of eight that ended on Nov. 8, 2021.
The S&P 500 and Nasdaq saw record closes last week as cooling inflation and economic data provided a boost at least to tech favorites, though a weak performance by stocks outside the favored sectors were seen by some analysts as a mark of concern over signs of a softening economy.
The Dow Jones Industrial Average finished with a gain of around 189 points, or 0.5%, near 38,779, according to preliminary figures.
The S&P 500 rose around 42 points, or 1%, to close near 5,473.
The Nasdaq Composite advanced around 168 points, or 1%, finishing near 17,857.
Ares Energy's Pradera Fuego Project in Ector County, Texas, has achieved...
Ares Energy's Pradera Fuego Project in Ector County, Texas, has achieved initial production rates exceeding 1,000 barrels per day from wells targeting the Mississippian interval in the Barnett Shale. According to president Bob Dimit, who called the Barnett "the next big thing for the Permian Basin, " Ares has six wells online and a seventh to be completed in July."
Tallgrass to fully own major gas system after $1.3B deal
Tallgrass Energy is set to gain full ownership of Rockies Express Pipeline...
Tallgrass Energy is set to gain full ownership of Rockies Express Pipeline after agreeing to acquire Phillips 66's 25% stake in the system for around $1.3 billion. The roughly 1,700-mile system, among the largest natural gas pipelines in the US, transports more than 5 Bcf/d between the Rocky Mountains and US East Coast.
Exxon's Beaumont expansion boosts US refining capacity
The Energy Information Administration has reported that US crude oil...
The Energy Information Administration has reported that US crude oil refining capacity totaled 18.38 million barrels per day as of January 1, up 1.5% year over year to mark the second consecutive annual increase. The growth was largely attributed to a roughly 250,000-bpd expansion at ExxonMobil's Beaumont, Texas, refinery.
