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Tag Archives: crude oil

US stocks rising as crude oil prices get lift

US stocks rising as crude oil prices get lift

NEW YORK (AP) — Stocks are turning higher in early trading Wednesday on strong earnings reports and a rise in crude oil prices. Several energy companies are rising sharply after getting a beat-down the day before. Oil-rig operator Transocean is up 5 percent. KEEPING SCORE: The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,004 as of ...

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Stock market posts meager gains, crude jumps to near $38

flags, wall street, crude oil price

NEW YORK (AP) — U.S. stocks are closing mostly higher on Wall Street as another jump in the price of crude oil brought energy companies back in favor. Murphy Oil soared 13 percent Monday, Southwestern Energy rose 10 percent and Chesapeake Energy rose 3 percent. Technology stocks were weak. Chipmaker Micron Technology fell 2.5 percent. The Dow Jones industrial average ...

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Gasoline price jumps by 7 cents over past 2 weeks

gas prices, gasoline

CAMARILLO, Calif. (AP) — The average price of gasoline has jumped by 7 cents over the past two weeks, to $1.84 a gallon. Industry analyst Trilby Lundberg said Sunday that despite the increase, the price is 70 cents per gallon cheaper than a year ago. Lundberg says the moderate price hike is due to growing demand for gasoline across the ...

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Refinery: 2 contractors injured at Port Allen refinery

oil and gas hotline, emergency

PORT ALLEN, La. (AP) — Refinery officials say two contractors were taken to a hospital after they were injured while working near storage tanks at the facility in Port Allen. A spokesman for Placid Refining Company LLC says the workers were injured Wednesday. Rafael Bermudez says he had no details about the injuries. He said he had no details about ...

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Crude oil train numbers declined last year

Crude oil train numbers declined last year

OMAHA, Neb. (AP) — Freight railroads delivered 17 percent fewer carloads of crude oil last year after oil prices collapsed. The Association of American Railroads said Wednesday 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014. But the number of crude oil carloads remains well above the 9,500 carloads railroads ...

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UAE energy minister refuses to discuss tentative oil cap

UAE energy minister refuses to discuss tentative oil cap

DUBAI, United Arab Emirates (AP) — Dodging reporters’ questions, the United Arab Emirates’ energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. Minister Suhail Mohamed al-Mazrouei’s stance suggests regional rivalries also may be in play, as ...

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US stocks open lower; energy sector sinks along with oil

US stocks open lower; energy sector sinks along with oil

U.S. stocks moved broadly lower in early trading Monday, putting the market on track for its second sizeable loss in a row. Technology, financial and energy stocks were among the biggest decliners. The slide followed steep drops in Europe. Crude oil prices slumped again. KEEPING SCORE: The Dow Jones industrial average fell 309 points, or 1.9 percent, to 15,903 as ...

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Oil, gas companies lead early decline in stocks

NEW YORK — Stocks were moderately lower Monday morning as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.3 percent, to 16,411 as of 11:25 a.m. Eastern. The Standard & Poor’s 500 index lost seven points, or 0.4 percent, to 1,931 ...

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