Dow posts 4-day skid, Nasdaq sweeps to record close
Stocks mostly rebounded on Thursday, pushed higher by a rally in technology...
Stocks mostly rebounded on Thursday, pushed higher by a rally in technology shares, with the Nasdaq sweeping to its first record close in almost three weeks.
The Dow Jones Industrial Averagefell only by about 3 points, or less than 0.1%, ending near 38,459.
The S&P 500 Indexadded almost 38 points, or 0.7%, closing around 5,199.
The Nasdaq Composite Indexgained almost 271 points,or 1.7%, finishing at a record of around 16,442.
The technical complexities of drilling in the Haynesville Shale have...
The technical complexities of drilling in the Haynesville Shale have spurred significant advancements in drilling and completions technology that benefit the broader energy sector. Innovations such as disposable fiber in offset wells, flow-through cameras, advanced drill bits and refracking have enabled operations in the Haynesville's high-temperature, high-pressure and tough rock conditions, pushing the boundaries of what's achievable in challenging shale formations.
Russia Claims Massive Strikes on Ukrainian Oil and Gas Sites
Russia has hit Ukrainian oil, gas, and power infrastructure with high-precision...
Russia has hit Ukrainian oil, gas, and power infrastructure with high-precision long-range weapons and drones on Thursday night, in response to Ukrainian drone strikes on Russian refining capacity, the Russian Defense Ministry said today.
“In response to the attempts of the Kyiv regime to cause damage to Russia’s oil and gas industry and energy facilities, tonight the Armed Forces of the Russian Federation launched a massive strike with high-precision long-range air and sea-based weapons, as well as unmanned aerial vehicles, against Ukraine’s fuel and energy infrastructure,” Russian news agencies quoted the defense ministry as saying.
US sees surge in crude oil stocks while Cushing’s total dips
The U.S. Energy Information Administration reported the nation’s...
The U.S. Energy Information Administration reported the nation’s crude stocks soared by nearly 6 million barrels from the end of March to early April.
On March 29, the U.S. crude stocks totaled 451.4 million barrels and it increased to 457.3 million barrels by April 5. The increase was even more when compared to the 445 million barrels reported on March 15 by the EIA.
The latest total of 457.3 million barrels is still below the 470.5 million barrels in crude oil stocks on April 7 2023.
Cushing saw its total in crude oil stocks drop from 33.2 million barrels on March 29 to 33 million barrels as of April 5. In late February, Cushing held 31 million barrels of crude oil. Cushing’s total a year ago was 33.8 million barrels.
The Masters begins today, which means it’s once again time to marvel...
The Masters begins today, which means it’s once again time to marvel at the dirt-cheap concession prices at Augusta National Golf Club. The classic pimento cheese sandwich costs $1.50, a chicken sandwich costs $3, and a beer costs $6.
Think about it this way: You can get two egg salad sandwiches, a coffee, a breakfast sandwich, a ham & cheese on rye, a chicken biscuit, a blueberry muffin, and a beer for the same price as one honey deuce drink at last year’s US Open for tennis ($22).
Of course, it’ll cost you well over $1,000 for a ticket, but that’s not really the point…