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Energy
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…
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…