U.S. oil firms cut nearly a third of Gulf of Mexico output ahead of storm
U.S. oil producers on Wednesday cut nearly a third of offshore Gulf of Mexico crude output as what could be one of the first major...
S&P 500 breaks through 3,000 following Powell comments
The benchmark S&P 500 briefly crossed the 3,000-point mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell boosted...
Exxon evacuating workers from Gulf of Mexico platforms as storm nears
Exxon Mobil Corp on Wednesday said it has removed non-essential staff from three U.S. Gulf of Mexico platforms, but expected a storm forming in the...
U.S. oil firms expand offshore production cuts, evacuations as storm approaches
Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of...
Wall St. hits record on Powell’s comments; S&P 500 crosses 3,000
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell...
Oil up $2 on U.S. crude stocks draw, Gulf of Mexico storm
Oil prices gained $2 a barrel on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf...
Major grain traders face one-two punch from U.S. floods, trade war
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to...
Fed seen cutting U.S. rates by 25 bps late July: BAML
The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of...
American Airlines raises unit revenue forecast, shares rise
American Airlines Group Inc on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co’s MAX jets left the No. 1...
Fed seen lowering U.S. rates by 25 bps late July: BAML
The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of...