“Blessed is he who has learned to admire but not envy, to follow but not imitate, to praise but not flatter, and to lead but not manipulate.”– William Arthur Ward Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up […]
Oil prices were steady on Friday, with Brent crude slipping 15 cents (0.2%) to $73.13 a barrel and U.S. WTI rising 15 cents (0.22%) to $68.87 in light post-Thanksgiving trading. For the week, Brent dropped 2.8%, and WTI fell 3.4%. The Wednesday ceasefire between Israel and Hezbollah reduced oil’s risk premium, contributing to declines despite […]
Oil prices were mostly unchanged on Wednesday, with Brent settling 2 cents higher at $72.83 a barrel and U.S. WTI down 5 cents at $68.72. A larger-than-expected 3.3 million barrel build in U.S. gasoline inventories weighed on prices, despite crude stocks falling by 1.8 million barrels, a sharper decline than anticipated. The ceasefire between Israel […]
Oil prices extended their losses on Tuesday after news of a ceasefire agreement between Israel and Lebanon reduced the geopolitical risk premium. Brent crude settled down 20 cents, or 0.27%, at $72.81 per barrel, while U.S. West Texas Intermediate (WTI) fell 17 cents, or 0.25%, to close at $68.77. The ceasefire, expected to take effect […]
Oil prices dropped over $2 per barrel on Monday following reports that Israel and Lebanon had agreed in principle to a ceasefire deal to end the Israel-Hezbollah conflict. Brent crude settled at $73.01, down $2.16 (2.87%), while U.S. West Texas Intermediate (WTI) closed at $68.94, a decrease of $2.30 (3.23%). The news of potential de-escalation […]
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“In order to attain the impossible, one must attempt the absurd.”-Miguel de Cervantes Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 426.16 points (-0.97%) and closing out the week at 44,296.51, up 851.53 points week-over-week. The S&P 500 […]
Oil prices climbed roughly 1% on Friday, reaching a two-week high, as heightened geopolitical tensions stemming from the escalating Russia-Ukraine war boosted the market’s risk premium. Brent crude rose 94 cents (1.3%) to settle at $75.17 per barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.14 (1.6%) to close at $71.24. For the week, […]
Oil prices rose nearly 2% on Thursday as escalating tensions between Russia and Ukraine raised concerns about global crude supply. Brent crude futures climbed $1.42 (1.95%) to $74.23 per barrel, while U.S. West Texas Intermediate (WTI) crude increased $1.35 (2%) to $70.10. The conflict intensified after Russian President Vladimir Putin announced a hypersonic missile strike […]
Oil prices settled lower on Wednesday, with Brent crude for January falling by $0.50 (0.68%) to $72.81 and the December WTI contract dropping $0.52 (0.75%) to $68.87. The more active WTI January contract ended at $68.75, down $0.49 (0.71%). Prices were pressured by higher-than-expected U.S. crude and gasoline stockpiles, as reported by the Energy Information […]