On June 2, Halcón Resources Corp. reported that on May 26, it was notified that the price of its common stock had...
I am continually analyzing a myriad of data streams in an effort to determine where best to invest in buying oil and...
The West Texas Intermediate (WTI) oil futures are currently trading at around $48 per barrel this morning. Baker Hughes Inc. reported another...
(Reuters) -Oil prices tumbled 6% on Monday, or more than $4 a barrel, after Saturday's retaliatory strike by Israel against Iran's military bypassed oil and nuclear facilities, not disrupting energy supplies.
Brent futures settled at $71.42 a barrel, down $4.63 or 6.09%. WTI U.S. crude futures finished at $67.38 a barrel, down $4.40 or 6.13%.
Both Brent and U.S. West Texas Intermediate crude futures hit their lowest since Oct. 1 at the open.
"This is a perfect example of a headline-driven market," said Phil Flynn, senior analyst at Price Futures Group. "We still have a lot of geopolitical risk."
U.S. stocks finished higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies.
The Dow Jones Industrial Average rose 273.17 points, or 0.7%, to end at 42,387.57. It was the largest one-day point and percentage gain since Oct. 16.
The S&P 500 was up 15.40 points, or 0.3%, to finish at 5,823.52.
The Nasdaq Composite gained 48.58 points, or 0.3%, ending at 18,567.19.
Monday's stock market rally came as oil futures suffered their largest daily percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
The S&P 500's energy sector was the worst performer on the large-cap benchmark index, off 0.7%, according to FactSet data.
Looking ahead, five of the so-called Magnificent Seven companies are scheduled to report their earnings results this week. Google parent Alphabet Inc. is scheduled to report on Tuesday, followed on Wednesday by Microsoft Corp. and Meta Platforms Inc. Apple Inc. and Amazon.com Inc. will report on Thursday.
By Trevor Hawes, Editorial Director | Midland Telegram Reporter |A thunderstorm in West Texas can...
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...
In the whirlwind of the 2024 U.S. Presidential Election, former President Donald Trump reclaimed...
The gap in prices for U.S. shale oil from West Texas compared to Houston...
Election Day has finally arrived in the US, following former President Donald Trump’s and...
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...
Three of the U.S.’s most oil-rich producing basins have also seen a notable rise...
Introducing our new periodic series, “Wildcatter Chronicles,” where Oklahoma Minerals delves into the captivating...
Next week, Oklahomans will decide who takes a seat on the Oklahoma Corporation Commission,...
Have your oil & gas questions answered by industry experts.