Benchmark U.S. crude oil for June delivery rose 60 centsto $79.23 per barrel Thursday. Brent crude for July delivery rose 52 centsto $83.27 per barrel.
Wholesale gasoline for June delivery rose 4 cents to $2.54 a gallon. June heating oil rose 2 cents to $2.44 a gallon. June natural gasrose 8 cents to $2.50 per 1,000 cubic feet.
Stocks closed lower on Thursday, with the Dow ending below the 40,000...
Stocks closed lower on Thursday, with the Dow ending below the 40,000 threshold, which it crossed earlier in the session for the first time in history.
The Dow Jones Industrial Average shed about 38 points, or 0.1%, ending near 39,869, according to preliminary data.
The S&P 500 Index fell 11 points, or 0.2%, closing near 5,297.
The Nasdaq Composite Index lost 44 points, or 0.3%, finishing around 16,698.
EIA: US oil output from shale regions to rise in June
Output gains in the Permian Basin and Eagle Ford Shale will lift US oil...
Output gains in the Permian Basin and Eagle Ford Shale will lift US oil production from major shale formations to 9.85 million barrels per day in June, the highest level since December, the Energy Information Administration has predicted. Conversely, shale gas production is expected to decline to 99.2 Bcf/d in June, the lowest in five months.
Cheniere nears operations at Corpus Christi Stage 3
Cheniere Energy is advancing construction on its Corpus Christi Stage...
Cheniere Energy is advancing construction on its Corpus Christi Stage 3 project, aiming for the first liquefied natural gas shipment by the end of the year and full operation of all seven trains by 2026. Additionally, the company is working toward regulatory approvals for midscale trains eight and nine at Corpus Christi, with plans to reach final investment decisions on them in 2025.
North Korean-Iranian Military Cooperation Raises Alarm in the West
Iran and North Korea have a long history of working together to advance...
Iran and North Korea have a long history of working together to advance their respective military arsenals. The visit of a North Korean delegation to Tehran last month only served to increase suspicions.
Increased trade efforts between the two heavily sanctioned countries have raised concerns that they could share advanced missile and nuclear technology.
Coming at a time when Tehran and Pyongyang are playing a central role in heightened global tensions, the prospect of one pariah state in possession of nuclear weapons and intercontinental missiles, North Korea, aiding another accused of seeking those capabilities, Iran, has heightened fears in Western capitals.