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12:32 p.m. Sept. 21, 2020 - By Myra P. Saefong
Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff WTI oil futures fall over 4%; natural-gas prices lose over 10%Oil futures drop Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone.
10:55 a.m. Sept. 16, 2020 - By Myra P. Saefong
Oil prices rally as U.S. crude supplies post a weekly decline and Hurricane Sally curtails production WTI oil futures up by nearly 5% to settle back above $40 a barrelOil futures rally on Wednesday, with U.S. prices ending above $40 a barrel after U.S. government data showed an unexpectedly large weekly drop in crude inventories and Hurricane Sally production curtailments in the Gulf of Mexico worsened.
11:17 a.m. Sept. 15, 2020 - By Myra P. Saefong
Oil prices finish higher as Hurricane Sally disrupts Gulf of Mexico energy production Gulf oil output shut ins at nearly 27% Tuesday: reportOil futures get a lift as Hurricane Sally nears landfall, forcing the shutdown of more than a quarter of offshore Gulf of Mexico crude production and a number of refineries, but rising worries over the outlook for demand serve to limit the upside for prices.
11:18 a.m. Aug. 27, 2020 - By Myra P. Saefong
U.S. oil prices suffer first loss in 4 sessions as traders bet on quick output recovery from Gulf storm Natural-gas futures log highest finish since NovemberOil futures decline Thursday, putting an end to a three-session streak of gains in U.S. prices, as traders bet on a quick post-hurricane recovery for the energy market in the Gulf of Mexico region.
11:26 a.m. Aug. 25, 2020 - By Myra P. Saefong
U.S. oil and gasoline futures tally highest finish since March as storms force output cuts in U.S. Gulf Coast Laura is expected to reach the U.S. Gulf Coast as a major hurricane later this weekOil and gasoline futures settle Tuesday at their highest since early March as a pair of tropical storms forced the shutdown of more than 80% of offshore crude-oil production in the Gulf of Mexico and prompted refinery cuts.
7:10 a.m. Aug. 24, 2020 - By Barbara Kollmeyer
Unstoppable? Tesla shares may be headed for $3,500, says this bullish analyst Critical information for the U.S. trading dayStocks are set for an upbeat start to the week and recent highfliers are set to take the lead again. Our call of the day comes from a Wall Street analyst who has just gotten a lot more bullish on his best-case scenario for one of those stocks — Tesla.
11:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
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