HOUSTON—Oil major Chevron Corp. beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5 percent to $6.57 billion or $3.46 per share. Results beat consensus by 4 percent, according to Refinitiv…
Chevron Tops Estimates With 1st Quarter Profit Gain Despite Slide in Oil Prices
Oil Heads for Another Monthly Decline as Weak US Data Weighs
LONDON—Oil prices were heading for another monthly decline on Friday after disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on the demand outlook. Brent crude futures for June were up 42 cents, or 0.5 percent, at $78.79 a barrel by 0946 GMT while the more actively traded July contract was down…
German Gloom Dampens Stocks as Fed, ECB Meetings Beckon
LONDON—A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week’s batch of central bank meetings will point towards a levelling off in interest rates. Oil headed for a second week of declines after data on Thursday showing the U.S. economy slowing more…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 27)
Benchmark U.S. crude oil for June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel. Wholesale gasoline for May delivery fell 2 cents $2.53 a gallon. May heating oil fell 2 cents $2.35 a gallon. June natural gas rose 5 cents to $2.36…
Oil Prices Stabilize After Hefty Losses
LONDON—Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 percent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent or 0.01 percent…
Stock Market Today: Global Shares up Ahead of US GDP Update
TOKYO—Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year. Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher. The U.S. economy…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 26)
Benchmark U.S. crude oil for June delivery fell $2.77 to $74.30 a barrel Wednesday. Brent crude for June delivery fell $3.08 to $77.69 a barrel. Wholesale gasoline for May delivery fell 4 cents $2.55 a gallon. May heating oil fell 8 cents $2.37 a gallon. May natural gas fell 19 cents to $2.12 per 1,000…
Stock Market Today: US Futures Subdued as Earnings Arrive
Wall Street was slow to gain traction in premarket trading ahead of another full slate of corporate earnings and more economic data later in the week. Futures for the Dow ticked down less than 0.1 percent and the S&P 500 was essentially unchanged before the bell Wednesday. Shares of Activision Blizzard tumbled more than 11…
Oil Edges up on China Demand Optimism, US Inventories in Focus
LONDON—Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that holiday travel in China would boost fuel demand and by expectations U.S. inventories would show a drop in crude stocks. Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery…
Stocks Fall, Dollar Gains Await Earnings Litmus Test
LONDON—Stocks fell on Tuesday, while the dollar got a lift as investors prepared for corporate earnings and macro data this week to paint a clearer picture of the health of the global economy. Last week’s U.S. bank earnings came in stronger than expected, and this week brings results for Big Tech and a number of…
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