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CrownRock owns about 86,000 net acres in the northern part of the Midland basin in Texas, which is part of the Permian,...
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Story By: S&P Global – Injections to US natural gas storage likely outpaced the historical average again in mid-October, even as cooler...
Bloomberg, via RigZone.com |By Christine Burke| Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in...
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By Sabrina Valle and Mrinalika Roy. HOUSTON, Oct 23 (Reuters) – Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S....
U.S. stocks logged a modest pullback Thursday, taking a breather from a rally that saw the Dow and S&P 500 ring up another round of record closes a day before.
The retreat for equities came in the wake of slightly stickier September inflation data and as investors gauged what sway that may have over the Federal Reserve's next interest-rate decision in November.
The Dow Jones Industrial Average fell 57.88 points, or 0.1%, ending at 42,454.12.
The S&P 500 shed 12 points, or 0.2%, closing at 5,780.05.
The Nasdaq Composite dropped 9.57 points, or nearly 0.1%, finishing at 18,282.05.
Consumer Price Index inflation data released on Thursday showed that price increases did not moderate as much as expected in September, although they have still cooled significantly over the past two years.
The report showed that overall inflation was 2.4 percent on an annual basis, down slightly from 2.5 percent previously. That was somewhat higher than economists had forecast, as monthly inflation came in warmer than expected.
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By Bloomberg|Joumanna Bercetche, Anthony Di Paola. | China is still driving growth in global...
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