Published: August 31, 2021
U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers cartel is expected on Wednesday to endorse a supply increase.
Published: August 24, 2021
The company said the fire had been brought under control at 4:30 p.m. local time (21:30 GMT) on Sunday, about one hour and a half after it broke out at the E-Ku A2 platform of the Ku-A Process Center, part of the Ku-Maloob-Zaap oil field, in Campeche Sound.
Published: August 20, 2021
Oil extended its drop to the lowest level since May after the U.S. Federal Reserve on Wednesday signaled it was set to start tapering asset purchases within months, hurting commodities and lifting the dollar.
Published: August 19, 2021
Crude futures extended the longest slide in five months after a surprise increase in U.S. gasoline inventories that signaled fuel demand may be under threat as Covid-19s delta variant menaces the economic recovery.
Published: August 13, 2021
U.S. stocks set another record high even as the S&P 500 Index settles into the narrowest trading range since before the Covid pandemic roiled global financial markets. The dollar strengthened and Treasury yields were mostly higher.
Published: August 12, 2021
U.S. stocks rose to record highs and bonds rallied after a report showing inflation moderated reduced concern about the urgency for the easing of the stimulus that helped the economy recover from the Covid pandemic.