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Energy
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…
Solar is growing faster than any energy source as clean power for data
Aerial view of the Oberon Solar O&M farm on March 24, 2024 in Ector County, Texas. In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Brandon Bell | Getty…
Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2
Budrul Chukrut | Lightrocket | Getty ImagesNextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back…
Used EV price crash gets deeper with ‘premium’ brand idea history
A used 2020 Tesla Model 3 is available for sale on a CarMax lot on March 10, 2022 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesBack in February, used electric vehicle prices dipped below used gasoline-powered…
Inside latest crypto firm paying billions to end legal troubles
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to…
OPEC calls for more fossil fuel investment, dismisses peak oil demand
The head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to prevent an energy shortage, dismissing predictions that oil demand will peak soon.OPEC Secretary General Haitham Al Ghais said oil demand…