Category: Market News
White House press secretary Jen Psaki on Friday said the Biden administration is “looking at ways to reduce the import of Russian oil,” with her remarks coming a day after she appeared to pour cold water on a push in Congress to ban Russian crude. “We are looking at options we could take right now […]
Oil futures climbed on Friday, with U.S. prices ending at their highest in more than 13 years, as Russian’s invasion of Ukraine, and Western nations’ sanctions on Moscow in retaliation, threaten to disrupt global crude supplies. Oil prices have been “a one-way market, but the potential return of Iranian crude supplies could provide much relief […]
The Dow finished nearly 200 points lower Friday, capping another rough week on Wall Street as Russia expanded its war in Ukraine to the nation’s south and igniting a fire Friday at Europe’s largest nuclear power plant. The blaze now has been extinguished, but not before it sparked fears that an intensifying conflict in Eastern […]
Baker Hughes BKR, +3.56% on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, was unchanged at […]
New York City Mayor Eric Adams said Friday that the “Key to NYC” rules will be suspended starting March 7, leading to the lifting of several COVID-19 pandemic restrictions give rapidly declining cases and hospitalizations in the city. Adams said indoor venues, including restaurants, fitness facilities and entertainment spaces, will not longer require proof of […]
Shares of Microsoft Corp. MSFT, -1.36% fell 2.1% in morning trading Friday, after the software giant said it will suspend all new sales of its products and services in Russia. The company said it was coordinating with the U.S. and U.K. governments and with the European Union to company its Russia businesses in compliance with […]
Trading in the iShares MSCI Russia ETF ERUS, -25.51% has been halted by NYSE Arca, as of 4 a.m. Eastern time on Friday. The ETF (ERUS) tumbled 25.5% on Thursday to a record-low close of $8.06, following MSCI Inc.’s MSCI, -0.78% announcement that Russia’s equity markets were uninvestable, and has plummeted 72.8% since Russia’s invasion […]
The London Stock Exchange on Friday suspended more Russian companies that had secondary listings at the exchange. The suspension includes the depository receipts of companies including Rostelecom RKMD, , food retailer Magnit MGNT, and conglomerate Sistema SSA, . The LSE said the move was made due to “the ongoing deterioration of market conditions” and the […]
The Biden administration on Thursday announced that it’s coordinating with U.S. allies to sanction additional Russian oligarchs and their family members, as part of the Western response to Russia’s invasion of Ukraine. “These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be […]
Par Pacific Holdings Inc. PARR, -5.10% said Thursday that is will suspend purchases of Russian crude oil for its Hawaii refinery. “We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months,” the energy infrastructure company said in a statement. “In the meantime, we are turning to other grades […]