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US stocks end mixed as energy sector rides surge in oil prices while tech stocks fall

Mon, 04/03/2023 - 16:15

Tech Insider : Economy

A trader talks on the telephone while working on the floor of the New York Stock Exchange. — A trader works on the floor of the New York Stock Exchange.
Michael M. Santiago/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, Nasdaq Composite, Dow Jones Industrial Average, Oil

Wharton Professor Jeremy Siegel says the surge in oil prices won't be a big problem for inflation as natural gas keeps plummeting

Mon, 04/03/2023 - 10:21

Tech Insider

jeremy siegel — Steve Marcus/Reuters

Markets, MI Exclusive, Jeremy Siegel, Inflation, Oil, oil prices, Federal Reserve

US stocks trade mixed as oil surges on unexpected production cut by OPEC+

Mon, 04/03/2023 - 09:38

Tech Insider

Traders work on the New York Stock Exchange floor. — Traders work on the New York Stock Exchange floor in New York City.
AP Photo/Ted Shaffrey

Markets, MI Exclusive, S&P 500, Stocks, Equities, Dow Jones Industrial Average, Oil

Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

Mon, 04/03/2023 - 08:34

Tech Insider

Biden and Mohammed bin Salman (MBS) fist bumping. — Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.
Bandar Algaloud/Reuters

Markets, MI Exclusive, Commodities, OPEC, Saudi Arabia, Oil, oil price outlook

The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut

Mon, 04/03/2023 - 00:50

Tech Insider

OPEC OPEC+ oil producers oil price — The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut.
Ramzi Boudina/Reuters

Markets, News, MI Exclusive, Crude Oil, OPEC, Oil, energy

US stocks close higher as markets assess fresh bank woes and recession fears

Fri, 03/24/2023 - 16:18

Tech Insider

new york stock exchange traders bank run silicon valley bank — TIMOTHY A. CLARY / Getty

Markets, MI Exclusive, Stocks, Markets Wrap, stock market news, commodites, Oil

It could take years for the US to refill its emergency oil reserves after last year's record sales

Fri, 03/24/2023 - 09:48

Tech Insider

The UAE is moving up an already ambitious target to increase crude oil output. — Oil barrels.
Getty Images

Markets, MI Exclusive, Oil, Crude Oil, WTI Crude, Brent Crude Oil, Strategic Petroleum Reserve

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

Tue, 03/21/2023 - 08:11

Tech Insider

An abandoned cargo vessel lies — An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.
Loop Images / Contributor

Markets, MI Exclusive, Oil, Russian Oil, oil & gas, Russia, China

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

Mon, 03/20/2023 - 15:32

Tech Insider

Goldman Sachs traders NYSE — Goldman Sachs traders work on the floor of the New York Stock Exchange in New York, Monday, March 7, 2011.
Ramin Talaie/Corbis/Getty Images

Markets, MI Exclusive, Stock Market, Oil, oil prices, Analyst Note, Commodities

Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers

Fri, 03/17/2023 - 08:14

Tech Insider

Oil tanker — An oil tanker.
Suriyapong Thongsawang

Markets, MI Exclusive, Oil, Russian Oil, Russian oil embargo, Russian oil ban, russia fuel oil ban

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