February Nymex natural gas (NGG24) on Friday closed -0.178 (-6.60%).Nat-gas prices on Friday fell sharply for a second day to a 3-week low, as weather forecasts shift warmer for the […]
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Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies
February WTI crude oil (CLG24) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24) closed down -2.07 (-0.95%).Crude oil and gasoline prices on Friday settled moderately lower. Expectations […]
Tourmaline is being hit by weak natural gas prices. Should investors look at its generous dividend and bet on a rebound?
Tourmaline Oil Corp. TOU-T has been hit hard since the start of November, as natural gas prices tumbled at the prospect of an unusually warm winter. But if gas prices are now […]
Gold Futures Settle Higher After Back-to-back Losses
Published: 1/18/2024 2:06 PM ET | Gold futures settled higher on Thursday as the dollar stayed a bit subdued and Treasury yields dipped after climbing up on Wednesday on rate outlook jitters.The dollar […]
Oil Settles Sharply Higher On Drop In Crude Stocks, Bullish Demand Forecast
Published: 1/18/2024 3:11 PM ET | Oil prices climbed higher on Thursday, lifted by data showing a drop in U.S. crude inventories in the week ended January 12th, and on higher forecasts for […]
U.S. weekly unemployment claims fall to 16-month low; homebuilding takes breather
The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 1-1/2 years, suggesting job growth likely remained solid in January.The unexpected […]
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy the largest U.S. franchisee of Burger King. The acquisition comes more than a year after Restaurant Brands unveiled its turnaround […]
Red Sea risk to oil ‘very real,’ prices could change rapidly if supply disrupted, Chevron CEO says
“It’s a very serious situation and seems to be getting worse,” Chevron CEO Michael Wirth said of the crisis in the Red Sea. Wirth said he was surprised that U.S. […]
Jan 16 – The close: Stocks fall as Boeing tumbles 8% and Canadian core CPI hotter than expected
U.S. stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500. The […]