Browsing Category
Energy
WTI rises as inventories fall
An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024.Brandon Bell | Getty Images News | Getty ImagesU.S. crude oil rose nearly 1% Wednesday, topping $82 per barrel as U.S. inventories declined while OPEC sees solid…
WTI lower as oil infrastructure recovers from Beryl
Oil prices fell more than 1% on Tuesday in the third straight day of declines, as Gulf Coast production and refining infrastructure appears to have avoided substantial damage from Tropical Storm Beryl.On Monday, Beryl made landfall in…
WTI falls as market tracks Tropical Storm Beryl
U.S. crude oil futures fell 1% on Monday as traders assessed the impact of Tropical Storm Beryl on Gulf Coast refining, production and export infrastructure.Beryl made landfall near Matagorda, Texas, as a Category 1 hurricane with…
Europe wants to deploy data centers into space, study says
A data center.Erik Isakson | DigitalVision | Getty ImagesThe rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital…
We are starting a position in a market-leading renewable energy company
We're initiating a position in Nextracker , buying 350 shares at roughly $48.18. Following Thursday's trade, Jim Cramer's Charitable Trust will own 350 shares of NXT with a weighting of about 0.5%. Nextracker makes solar tracker systems…
WTI posts fourth straight weekly gain
U.S. crude oil fell on Friday, but still booked a fourth straight weekly gain as falling inventories show an uptick in demand.West Texas Intermediate hit a session high of $84.52 per barrel, the highest level since late April, before…
U.S. needs major nuclear power expansion, Southern Company CEO says
The United States needs to build a significant number of nuclear plants to supply surging energy demand while also meeting climate goals, the CEO of Southern Company said at an event on Thursday."This country will need more nuclear…
WTI rises 1% on big U.S. stockpile draw
Crude oil futures gained more than 1% Wednesday as a large drop in U.S. stockpiles signaled an uptick in demand ahead of the Fourth of July.U.S. crude oil inventories fell by 12.2 million barrels last week, according to the Energy…
U.S. crude oil pulls back as traders monitor war, hurricane risks
An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024.Brandon Bell | Getty Images News | Getty ImagesU.S. crude oil pulled back from a two-month high Tuesday, as traders assessed the risk of war between Israel and…
WTI rises ahead of Fourth of July
U.S. crude oil futures on Monday rose more than 2% ahead of the Fourth of July holiday, after booking a 6% gain last month on the back of fears of a wider Middle East war and expectations of rising summer fuel demand.Though oil prices…