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Oil- and gas-related equities were also the biggest winners in the S&P 500 last month. Energy has been the best-performing sector in the S&P 500 so far this year. (Source: Yahoo Finance)
Oil derivatives like gasoline and jet fuel have been on the rise, too. On Thursday, Delta was the latest airline to warn of lower profits due to higher maintenance cost and jet fuel prices.The ...
Oil resumed its downward trend on Tuesday, tanking more than 3% after oil alliance OPEC lowered its demand growth forecast in 2024 and 2025. On Tuesday, West Texas Intermediate slid roughly 4% to ...
The NYSE Arca Oil Index, previously AMEX Oil Index, ticker symbol XOI, is a price-weighted index of the leading companies involved in the exploration, production, and development of petroleum. It measures the performance of the oil industry through changes in the sum of the prices of component stocks.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
“Stalled Chinese growth has been one of the primary banes of the oil market all year,” OPIS global head of energy analysis Tom Kloza told Yahoo Finance. Oil prices have been volatile this month.
The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.
Here's a look at the current situation and the outlook for oil and gas prices: Familiar tensions, different times Oil prices rose than $6 per barrel (5.47 euros) this week and prices at the pump ...