Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market The S&P 500 sank 1.1% Friday and wiped out what had been a modest gain for the week.

The US benchmark crude oil rose by $2.54, exceeding 4%, reaching $63.33 per barrel. Simultaneously, Brent crude, the global benchmark, increased by $2.34 to $65.12 per barrel.

On the losing side of Wall Street were automakers and other heavy users of steel and aluminum. Ford fell 3.9%, and General Motors reversed by 3.9%. All told, the S&P 500 rose 24.25 points to 5,935.94.

Oil futures traded sideways with the market pondering the eventual effect on supply of negotiations around Iran’s nuclear program and the Russia-Ukraine war. Skip to Main Content Explore Our Brands ...

OIL companies announced a price rollback in petroleum products on election day. Gasoline prices will be reduced by P0.30 per liter, diesel by P0.30 per liter, and kerosene by P1.25 per liter.

NEW YORK (AP) — Stocks closed lower on Wall Street Monday, breaking a nine-day winning streak, as oil prices hit a four-year low after the OPEC+ group announced plans to increase output.

Trump’s SEC Nominee Consulted for Wall Street, Big Oil, Crypto Interests Paul Atkins, Trump’s crypto-friendly nominee to lead the Securities and Exchange Commission, has disclosed his many clients ...

24/7 Wall St. Key Points: The energy sector was a laggard in 2024, up just 5.7%. Integrated oil giants pay some of Wall Street’s most dependable high-yield dividends.

Coolness favours the laid-back, which is the cool way of saying lazy. That boring old slugabed Keith Richards is cool, whilst Mick Jagger, who has all the energy, is too hard-working to be cool.

For the quarter ended December 2024, Northern Oil and Gas (NOG) reported revenue of $545.47 million, up 0.4% over the same period last year. EPS came in at $1.11, compared to $1.61 in the year-ago ...

Shell is a British multinational oil and gas company headquartered in London, England. This foreign energy giant offers investors a hefty 4.15% dividend and big upside potential. Shell PLC is an ...

Wall Street's major stock indexes closed lower on Tuesday, with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as ...