Latest Market News
The American Petroleum Institute, a trade group, reported Tuesday that U.S. crude-oil inventories fell 3.09 million barrels last week, according to sources, and gasoline supplies declined by 319,000 barrels, as distillate stocks fell by 716,000 barrels. Crude supplies in Cushing, Okla., the New York Mercantile Exchange delivery hub, were seen increasing by 1.594 million barrels. […]
The Dow Jones Industrial Average notched its fifth day in a row of gains on Tuesday, scoring its longest such win streak in about eight weeks, according to Dow Jones Market Data. Dow Jones Industrial Average DJIA, +0.26% advanced by about 96 points, or 0.3%, to end near 36,398, marking its longest win streak since […]
Investors increased their bearish bets in the energy sector in the past month, as a decline in crude oil prices led to broad weakness in the sector. Based on the most recent exchange data, the median industry short interest, or bets that the shares would fall, was approximately 4% of the shares outstanding as of […]
U.S. crude oil futures notched a fifth straight gain Tuesday, supported by hopes that the omicron variant of coronavirus would have only limited impact on economic growth. West Texas Intermediate oil for February delivery CLG22, +0.62% picked up 41 cents, or 0.5%, to end at $75.98/bbl. The contract had touched an intraday high at $76.92 […]
Gold futures climbed Tuesday, producing the third gain of the past four sessions, but some firmness in the U.S. dollar undercut demand for the precious metal. February gold GCG22, -0.10% GC00, -0.10% finished up $2.10, or 0.1%, to settle at $1,810.90 an ounce. Futures had traded as high as $1,821.60, which would have marked the […]
Sorrento Therapeutics Inc. SRNE, -11.70% announced Monday a contract for the sale and distribution of up to 10 million its Covistix rapid COVID-19 virus detection tests in Mexico. That follows a previously announced deal for up to 5 million Covistix tests in Mexico, bringing the total number of tests to 15 million. The biopharmaceutical company […]