U.S. crude oil posts weekly loss as Saudi supplies look set to return
Oil prices fell this week despite Middle East tensions, as potential...
Oil prices fell this week despite Middle East tensions, as potential increased Saudi supply outweighed China's economic stimulus efforts. U.S. crude dropped 5% and Brent nearly 4%. Analysts note that despite regional conflicts, oil supply remains unaffected, with significant unused production capacity in the Middle East.
Here are Friday’s closing energy prices:
West Texas Intermediate November contract: $68.18 per barrel, down 51 cents, or 0.75%. Year to date, U.S. crude oil is down nearly 5%.
Brent November contract: $71.98 per barrel, off 38 cents, or 0.53%. Year to date, the global benchmark is down more than 6%.
RBOB Gasoline October contract: $1.953 per gallon, down 0.42%. Year to date, gasoline is down about 7%.
Natural Gas November contract: $2.902 per thousand cubic feet, up 5.41%. Year to date, gas is up about more than 15%.
Legendary actress Dame Maggie Smith has died at 89. The...
Legendary actress Dame Maggie Smith has died at 89. The English stage and screen star’s sons said she “passed away peacefully” in a hospital yesterday morning, noting she was a “private person” and not revealing her cause of death. Smith’s decades-spanning acting career included Oscar wins for her roles in The Prime of Miss Jean Brodie and California Suite. More recently, she gained a new crop of fans as Professor McGonagall in the Harry Potter films and the bon mot-spewing dowager countess in Downton Abbey.
The Chicago White Sox made history last night when they lost their 121st game of the season, making them the MLB team with the most losses since 1900. But you can comfort your Chicago friends with the fact that they’re not the biggest losers ever because in 1899, the “Cleveland Spiders” embarrassed arachnids everywhere by losing 134 games.
WeightWatchers CEO Sima Sistani, who struggled to guide the company through the Ozempic era despite embracing the popularity of weight loss drugs, is leaving the position after two and a half years.
NYC Mayor Eric Adams pleaded not guilty to federal charges that accuse him of accepting illegal money and perks from Turkey. Later in the day, his chief advisor’s phone was seized by investigators.
The US charged Iranian operatives with hacking Donald Trump’s campaign.
UFC’s parent company agreed to pay $375 million to settle a class action lawsuit accusing it of tamping down fighters’ pay by making it hard for them to accept offers from rival fight promoters.
Two climate activists from Just Stop Oil were sentenced to prison for throwing soup at a Van Gogh painting. Hours later, other activists from the group threw soup at two more of the painter’s works.
Dow clinches record close as U.S. stocks book weekly gains
The U.S. stock market closed mixed Friday, with the Dow...
The U.S. stock market closed mixed Friday, with the Dow Jones Industrial Average finishing at a record peak after investors parsed fresh data showing inflation continued to cool in August.
The Dow Jonesrose 137.89 points on Friday, or 0.3%, to close at 42,313, notching its 32nd record close of the year.
The S&P 500slipped 7.2 points, or 0.1%, to finish at 5,738.17.
The Nasdaq Compositeshed 70.70 points, or 0.4%, to end at 18,119.59.
For the week, the Dow and S&P 500 each gained 0.6% while the technology-heavy Nasdaq climbed 1%. All three major U.S. stock benchmarks booked a third straight week of gains.
On Friday, destruction from Tropical Storm Helene stretched nearly 800 miles from South Florida into the mountains of Appalachia. The huge storm spawned flash floods and mudslides on its dash inland after bashing the Gulf Coast.
In the densely populated Tampa Bay region, neighborhood after neighborhood was underwater, resulting from a powerful storm surge. And across North Carolina, over two million people were under flash flood warnings at midday Friday.
Report: North Slope pipeline better than imports for Alaska
A recent analysis conducted by Wood Mackenzie for the Alaska Gasline...
A recent analysis conducted by Wood Mackenzie for the Alaska Gasline Development Corp. reveals that a proposed 807-mile pipeline from the North Slope would deliver significantly cheaper natural gas to Alaska's population centers compared to imports. Alaska's Cook Inlet, which currently supplies gas for heating and electricity to nearly half the state's population, is projected to run out of reserves by 2035.