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Energy
Failure to meet surging energy demand will jeopardize economic growth,
The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022.Patrick T. Fallon | Afp | Getty ImagesThe largest utility companies in the U.S. are warning that the nation is facing a surge of electricity…
Bitcoin windfall comes for Mt. Gox creditors after 10,000% price spike
Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds.Kiyoshi Ota | Bloomberg | Getty ImagesMt. Gox, the…
SEC sues ethereum company Consensys, expanding industrywide crackdown
Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys.Riccardo Savi | Getty Images for Concordia SummitCrypto firm Consensys has been added to the SEC's list of targets, as the regulator continues its industrywide…
WTI near two-month highs on Israel-Hezbollah war fears
Smoke billows during Israeli bombardment on the village of Khiam in south Lebanon near the border with Israel on June 19, 2024.Rabih Daher | AFP | Getty ImagesU.S. crude oil on Friday was heading for a third straight weekly gain as fears…
WTI rises as Mideast tensions outweigh soft demand
Pipes transport refined product to storage tanks at the Buckeye Partners' Laurel Pipeline terminal in Pittsburgh, Pennsylvania, U.S. May 1, 2017.Jason Cohn | ReutersCrude oil futures gained Thursday as fears of war between Israel and the…
WTI higher despite rising inventories
U.S. crude oil futures rose Wednesday despite an unexpected increase in oil and gasoline inventories, which threatened to derail a recent rally."Summer driving season is gasoline's time to shine and drag the rest of the oil patch along…
WTI, Brent fall as rally takes a breather
Crude oil futures fell about 1% Tuesday as the recent rally took a breather, with traders watching for summer fuel demand and tensions on the Israel-Lebanon border.U.S. crude oil and global benchmark Brent are ahead by 4.9% and 4.1%,…
WTI, Brent rise as Israel-Lebanon tensions simmer
Crude oil futures rose 1% on Monday and are on pace to post a gain for the month, as signs point to strengthening gasoline demand in the US and geopolitical tensions flare again in the Middle East.Oil prices pulled back Friday, snapping…
WTI weekly gain as gas demand surges
U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs.Oil prices fell Friday but are ahead nearly 3% for the week. The oil rally has lifted the energy stocks, with the…
WTI on space for second weekly gain in a row
U.S. crude rose Thursday to trade above $82 per barrel, with the benchmark heading for its second weekly gain in a row, as oil and gasoline inventories fell.West Texas Intermediate has gained 4.8% this week, while global benchmark Brent…