U.S. crude oil holds above $80 per barrel after starting week with strong gains
Oil has climbed as fuel demand is expected to draw down inventories, but some analysts caution that futures may not have much more upside.
Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
NextEra Energy will sell $2 billion in equity units, priced at $50 apiece. These equity units serve as a contract to purchase shares no later than June 1, 2027.
Judge tosses Exxon Mobil lawsuit against activist shareholder Arjuna over climate proposal
A federal judge in Texas dismissed Exxon Mobil’s controversial lawsuit against Arjuna Capital over a climate proposal.
Oil prices rise after booking best week since April as traders sift through China economic data
Traders are sifting through what mixed economic data out of China may mean for demand.
Oil prices on pace for best week in more than two months as forecasts point to tighter market
Oil prices are up more than 4.5% for the week, the strongest gains since early April.
OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction
Oil demand will grow by 25 million barrels per day in the developing world through 2045, according to OPEC’s chief.
Oil prices fall after bearish increase in U.S. stockpiles, cautious Fed rate cut outlook
Crude oil took a breather from recent gains, though the market is still up about 3% this week.
U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit
The Department of Energy sees an oil supply deficit this year.
Big Oil warned by IEA that peak crude and a major supply surplus are on the horizon
The IEA on Wednesday said a U.S.-led surge in global oil production is expected to outstrip demand growth between now and the end of the decade.
Oil prices little changed as OPEC sticks to demand and steady economic growth forecasts
Crude oil rallied more than 2% Monday and has now recovered most of the losses from last week.