Benchmark U.S. crude oil for July delivery fell $2.77to $74.22 per barrel Monday. Brent crude for August delivery fell $2.75to $78.36 per barrel.
Wholesale gasoline for July delivery fell 8 cents to $2.34 a gallon. July heating oilfell 8 cents to $2.30 a gallon. July natural gasrose 17 cents to $2.76 per 1,000 cubic feet.
Stocks end mixed in wild trading day marked by NYSE glitch, as jobs report looms →
U.S. stocks closed mostly higher on Monday in a wild trade day following...
U.S. stocks closed mostly higher on Monday in a wild trade day following an early trading glitch on the New York Stock Exchange and as investors awaited a series of economic data due later this week, including the jobs report due Friday.
According to Dow Jones Market Data, the Dow Jones Industrial Average closed down 115.29 points, or 0.3%, on Monday at 38,571.03. It set a session low of 38,247.22.
The S&P 500 added 5.89 points, or 0.1%, to close at 5,283.40. The Nasdaq Composite rose 93.65 points, or 0.6%, to finish at 16,828.67, snapping a three-day losing streak.
The Dow clawed back the bulk of its losses in the final hour of trade, while the S&P 500 turned positive. The S&P 500 was down 0.8% at its low but closed up 0.1%. It is the second trading day in a row that the index was down at least 0.8% at its low but finished the day higher.
Dimensional Energy, a startup backed by United Airlines Ventures, is...
Dimensional Energy, a startup backed by United Airlines Ventures, is developing renewable jet fuel made from water and carbon dioxide from the air. The company plans to begin producing its sustainable aviation fuel at a Niagara Falls, N.Y., facility in 2027.
US refineries ramp up ahead of summer driving season
Analysts from Tudor, Pickering, Holt and Co., Refined Fuels Analytics...
Analysts from Tudor, Pickering, Holt and Co., Refined Fuels Analytics and Lipow Oil Associates expect US refinery utilization to exceed 90% capacity for the rest of the quarter as fuel makers prepare for summer driving season demand. "From the profitability standpoint, it's setting up to be a pretty good summer here to see utilization still feel a little low as we head into the spring combined with continuing low product inventories," said Matthew Blair of Tudor, Pickering, Holt and Co.
The US continues to lead non-OPEC+ oil production growth, but leading...
The US continues to lead non-OPEC+ oil production growth, but leading forecasts indicate a slowdown from last year's more than one million barrels per day growth rate to between 270,000 bpd and 640,000 bpd. Despite the US' smaller contribution to global supply due to restrained spending by domestic producers, OPEC+ members announced on Sunday an extension of their collective oil production cuts, totaling 2.2 million bpd, through 2025.