Tag: CLQ23

Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oil

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Oil futures settle at their highest in two weeks on Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom and its allies will do whatever is necessary to support the oil market.

The comments from Saudi Energy Minister Prince Abdulaziz bin Salman at an OPEC+ seminar was reported by a number of news agencies and follows the Saudi’s announcement Monday that it would extend its voluntary production cut by another month, through August.

Tensions…

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July 5, 2023
Dow gives back earlier gains, stocks end lower after Russia’s brief rebellion

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U.S. stocks closed lower Monday, after Russia on the weekend was rocked by a brief revolt from the Wagner mercenary force. The Dow Jones Industrial Average
DJIA,
-0.04%
fell about 11 points, or less than 0.1%, ending near 33,715, according to preliminary FactSet data, giving up earlier gains in the final moments of trade. The S&P 500 index
SPX,
-0.45%
fell 0.4%, while the Nasdaq Composite Index
COMP,
-1.16%
closed down 1.2%. Stocks have been struggling to extend a recent rally driven by a handful of technology stocks that earlier in June lifted major indexes to their highest levels in more than a year. Investors and oil markets were on edge Monday after a brief mutiny in Russia over the weekend raised concerns about potential disruptions to global oil supplies. U.S. crude prices edged higher Monday, with West Texas Intermediate oil for August
CL00,
+0.53%

CLQ23,
+0.53%
ending slightly below $70 a barrel.

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June 26, 2023
CLQ23 | Crude Oil Aug 2023 Overview | MarketWatch

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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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June 26, 2023