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Tag Archives: crude oil prices

Global stocks steady, crude oil prices jump

Global stocks steady, crude prices jump

NEW YORK (AP) — U.S. stocks were slightly higher on Thursday, helped by a sharp drive up in crude oil prices, which rose more than 3 percent. Investors are looking ahead to Friday’s closely watched jobs report. KEEPING SCORE: The Dow Jones Industrial Average was up 43 points, or 0.2 percent, to 17,694 as of 10:20 a.m. Eastern. The Standard ...

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Ohio gas prices up slightly to start work week

COLUMBUS, Ohio (AP) — Gas prices are up slightly to start the shortened work week. The state average reported in Tuesday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. was about $1.55, up about 7 cents from last week. The Ohio average is still 18 cents lower than last month and 73 cents lower than ...

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US stocks give up an early gain, oil recovers slightly

NEW YORK — The stock market has given up an early gain and is trading lower at mid-morning Wednesday as investors give a thumbs-down to a number of corporate earnings reports, including steep cutbacks at Yahoo. Chipotle Mexican Grill also plunged after saying an E. coli outbreak at its restaurants hurt sales more than anticipated. KEEPING SCORE: The Dow Jones ...

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Shell expects 4th Q profits to drop at least 40 percent

Shell expects 4th Q profits to drop at least 40 percent

LONDON — Royal Dutch Shell expects its fourth quarter profits to drop at least 40 percent to between $1.6 billion and $1.9 billion after a sharp drop in crude oil prices, but underscored its determination to press ahead with the proposed mega-merger with BG Group plc. The Anglo-Dutch energy giant said Wednesday it released the figures for shareholders ahead of ...

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US stocks stabilize, energy companies decline

US stocks stabilize, energy companies decline

Major U.S. stock indexes were little changed in midday trading Monday as investors weighed the implications of another slump in China’s stock market. Energy companies were among the biggest decliners as the price of crude oil fell. KEEPING SCORE: The Dow Jones industrial average was little changed at 16,348 as of 12:14 p.m. Eastern time. The S&P 500 index shed ...

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Oil fueling Eddy County’s economic future

oil storage, oil leak

CARLSBAD, N.M. — Stakeholders in New Mexico’s oil and gas industry, particularly in Eddy County, are bracing for where crude oil prices will land in this new year. The New Mexico Oil and Gas Association says the state had a record producing year but a drop in prices in 2015 had many wondering if it was the end of a boom, ...

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