Wednesday, March 9, 2022

First sign of oil price relief: UAE says it wants OPEC to increase production

The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter the United Arab Emirates, which suggested it may be coming to the rescue.
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First sign of oil price relief: UAE says it wants OPEC to increase production
The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter the United Arab Emirates, which suggested it may be coming to the rescue. Read more »
 
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Why US gas prices are at a record and why they'll stay high for a long time
Russia's invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it's not the only reason. Read more »
 
The world may be facing one of the largest energy shocks ever, Goldman Sachs says
Russia's invasion of Ukraine and the West's crackdown on Moscow has left the world economy exposed to an epic energy shock. Read more »
 
America had a record 11.3 million jobs available in January
America's worker shortage is far from over: In January, the nation had a record 11.3 million jobs to fill and not enough workers to do so, according to new data from the Bureau of Labor Statistics. Read more »
 
Dow jumps after four-day losing streak
Stocks surged Wednesday morning as investors celebrated a drop in crude oil prices. Read more »
 
 
 
 
Dow Nasdaq S&P
+653.61   +460.00   +107.18
33,286.25   13,255.55   4,277.88
+2.00%   +3.59%   +2.57%
YTD -8.40%   YTD -15.27%   YTD -10.25%
 
Biggest Winners
Tapestry Inc +10.64%
 
Carnival Corp +8.75%
 
PVH Corp +8.67%
 
Norwegian Cruise Line Holdings Ltd +8.46%
Biggest Losers
Phillips 66 -5.88%
 
Exxon Mobil Corp -5.68%
 
Schlumberger NV -5.59%
 
Halliburton Co -5.22%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $110.23 -9.17 / -7.68%
Gold $1,996.70 +0.80 / +0.04%
10-yr 1.95% +0.08
Euro $1.11 +0.02 / +1.61%
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