Latest Crude oil markets News

In this image taken from video provided by the New York Stock Exchange, Tommy Gannon, Assistant Supervisor, Facilities, rings the opening bell at the NYSE, and recognizes the Sodexo food services staff at Beth Israel Deaconess Medical Center in Boston, Tuesday, April 7, 2020, in New York. (New York Stock Exchange via AP)

Global stock rally zooms into Day 2 on hopes for virus peak

Apr. 7, 2020 1:27 PM EDT

NEW YORK (AP) — Stocks are climbing on Wall Street Tuesday as markets around the world pile on even more gains following their huge rally a day earlier. The S&P 500 was up 2.6% in early afternoon trading, tacking onto its 7% surge Monday following encouraging signs that the coronavirus pandemic may be...

Customers wear face masks as they line up to enter a supermarket keeping social distancing following the government's measures to help stop the spread of the coronavirus, in Tel Aviv, Israel, Tuesday, April 7, 2020. Israeli Prime Minister Benjamin Netanyahu announced Monday a complete lockdown over the upcoming Passover holiday to control the country's coronavirus outbreak, but offered citizens some hope by saying he expects to lift widespread restrictions after the week-long festival. (AP Photo/Oded Balilty)

Consumers get some breaks, but layoffs keep coming

Apr. 7, 2020 12:20 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the ramifications for...

A woman wearing a face mask walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Tuesday, April 7, 2020. Asian shares are rising, echoing the rally on Wall Street fueled by signs of hope that the coronavirus pandemic could be slowing.  (AP Photo/Kin Cheung)

Asian shares rise, echoing Wall St optimism on virus battle

Apr. 6, 2020 11:49 PM EDT

TOKYO (AP) — Asian shares rose Tuesday, echoing the rally on Wall Street, amid a few glimmers of hope that the coronavirus pandemic could be slowing. Japan's benchmark Nikkei 225 gained 1.3% to 18,808.53 while South Korea's Kospi gained 1.2% to 1,812.87. Hong Kong's Hang Seng added 0.7% to 23,907.52, while...

Closing prices for crude oil, gold and other commodities

Apr. 6, 2020 4:25 PM EDT

Benchmark crude oil fell $2.26 to settle at $26.08 a barrel Monday. Brent crude oil, the international standard, fell $1.06 to $33.05 a barrel. Wholesale gasoline rose 1 cent to 70 cents a gallon. Heating oil fell 2 cents to $1.05 a gallon. Natural gas rose 11 cents to $1.73 per 1,000 cubic feet. Gold rose...

In this Thursday, April 2, 2020 photo, an oil rig lights up the horizon on the outskirts of Midland, Texas after a late sunset. (Odessa American/Eli Hartman)

Chaos and scrambling in the US oil patch as prices plummet

Apr. 6, 2020 12:07 AM EDT

NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state's savings as oil revenue dries up. The global...

A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong Monday, April 6, 2020. Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.(AP Photo/Vincent Yu)

Shares rebound on glimmers of progress in battling virus

Apr. 5, 2020 11:58 PM EDT

BANGKOK (AP) — Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas. Markets in Tokyo, Seoul and Sydney gained more than 2% in early trading and Hong Kong was up nearly...

House Minority Leader Kevin McCarthy of Calif., President Donald Trump, and Chevron CEO Mike Wirth listen during a meeting with energy sector business leaders in the Cabinet Room of the White House, Friday, April 3, 2020, in Washington. (AP Photo/Evan Vucci)

White House convenes oil CEOs as bust threatens US boom

Apr. 3, 2020 7:08 PM EDT

WASHINGTON (AP) — President Donald Trump offered assurances of better times and coronavirus tests to oil CEOs at a White House summit Friday, but no firm proposals for easing the industry's way as the coronavirus pandemic and plunging petroleum prices threaten America's yearslong fracking boom. Executives...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York. Global stocks are down, Friday, April 3, after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak. (AP Photo/Mary Altaffer, File)

Stocks drop as coronavirus crunches the job market, economy

Apr. 3, 2020 4:41 PM EDT

NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said...

Closing prices for crude oil, gold and other commodities

Apr. 3, 2020 4:19 PM EDT

Benchmark crude oil rose $3.02 to settle at $28.34 a barrel Friday. Brent crude oil, the international standard, rose $4.17 to $34.11 a barrel. Wholesale gasoline rose 3 cents to 69 cents a gallon. Heating oil rose 7 cents to $1.07 a gallon. Natural gas rose 7 cents to $1.62 per 1,000 cubic feet. Gold rose $8 to...

In this photo taken from video provided by the New York Stock Exchange, Robert Glorioso, Chief, Building Engineering Operations, rings the opening bell at the NYSE, Thursday, April 2, 2020. Stocks are wavering between small gains and losses early Thursday after a report showed a record number of Americans lost their jobs last week due to the coronavirus outbreak. (New York Stock Exchange via AP)

Asian stocks mixed after Wall Street rises on pricier oil

Apr. 2, 2020 11:53 PM EDT

BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. Tokyo and Seoul rose while Shanghai, Hong Kong and Sydney...