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Dow positive for 2016, oil closes above $40

Dow positive for 2016, oil closes above $40

NEW YORK (AP) — Oil closed above $40 a barrel and another surge in U.S. stocks Thursday turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016. The price of gold and silver and oil jumped, boosting materials and energy companies. The dollar continued to weaken, boosting industrial companies ...

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US stocks edge higher, oil prices drop

us stocks, oil, prices

NEW YORK (AP) — More positive earnings surprises from U.S. companies are helping send stocks higher in early trading. European stocks rose after the European Central Bank announced more stimulus measures and oil prices fell after making gains yesterday. KEEPING SCORE: The Dow Jones industrial average climbed 67 points, or 0.4 percent, to 17,068 as of 10:19 a.m. Eastern time. ...

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EIA forecasts short-term energy outlook

EIA forecasts short-term energy output

The U.S. Energy Information Administration released its short-term energy outlook Tuesday. The report forecasts oil and natural gas production for the next two years. North Sea Brent crude oil prices averaged $32 per barrel, a $1 increase from January prices. Brent crude prices are predicted to average $34 in 2016 and $40 in 2017. The forecast reflects higher –than-expected oil ...

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Oil prices climb third-straight day

Oil prices climb third-straight day

NEW YORK — U.S. stocks rose Thursday as oil prices climbed for the third day in a row while key oil-producing nations discussed cuts in production. Tech and consumer stocks traded higher, led by Amazon and PayPal, while drugmakers fell. Facebook made its biggest leap in two and a half years after it said its profit more than doubled in the ...

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Energy stocks lead market gain with oil price up

Energy stocks lead a market gain as oil price climbs

NEW YORK — U.S. stocks were solidly higher for a third straight day on Wednesday, once again helped by higher oil prices, which lifted shares in oil and gas companies. KEEPING SCORE: The Dow Jones industrial average was up 114 points, or 0.7 percent, to 17,532 as of 2:10 p.m. Eastern. The Standard & Poor’s 500 index rose 17 points, ...

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Oil prices up after U.S. crude stocks drop

Oil up after U.S. crude stocks drop, still close to multi-year lows

LONDON – Oil prices rose on Wednesday, underpinned by an unexpected fall in U.S. crude inventories, but were still close to multi-year lows as supplies remained abundant and as OPEC lowered the demand outlook for its exports. At 1448 GMT, Brent crude futures were up 87 cents at $36.88 a barrel, while West Texas Intermediate (WTI) futures <CLc1> were up ...

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Oil prices have New Mexico producers eyeing cuts

CARLSBAD — With the latest drop in crude oil prices, a decline in gas prices will surely follow. Although cheaper gas may make many consumers happy nationwide, oil and gas producers in Southeast New Mexico are not ecstatic about the news. “It’s not getting any better,” Raye Miller, president of Regeneration Energy Corporation in Artesia said. The decline comes after ...

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Oil falls as spotlight returns to growing glut

NEW YORK – Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent <LCOc1> was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday ...

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