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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...
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to hold ground at their lowest levels of the year.
Official U.S. data released Wednesday showing the first weekly decline in domestic crude inventories in five weeks, along with gains in petroleum-product supplies, provided little support to prices.
U.S. stocks finished mostly higher on Wednesday, with the S&P 500 and the Nasdaq Composite snapping their four-day losing streaks as investors digested heightened uncertainty around President Trump's tariff plans and awaited a key earnings report from Nvidia Corp.
The S&P 500 eked out a small gain of 0.01%, to end at 5,956.06, according to Dow Jones Market Data.
The Nasdaq Composite rose 48.88 points, or around 0.3%, to finish at 19,075.26.
The Dow Jones Industrial Average lost 188.04 points, or 0.4%, ending at 43,433.12. It was the first daily decline for the blue-chip index in three days, according to Dow Jones Market Data.
It was a volatile trading session for the S&P 500 and the Nasdaq. Stocks bounced back in morning trading from their four-day losing streaks, only to be dampened by fresh tariff threats from President Trump in afternoon action.
The president on Wednesday said he planned to slap 25% tariffs on imports from the European Union. “We'll be announcing it very soon, and it'll be 25% generally speaking, and that'll be on cars and all the things,” Trump said during his first cabinet meeting.
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