Crude Oil Jan 24 (CLF24.NYM)
- Editor's pickYahoo Finance Video
S&P 500 trading down to 3,200 ‘is very attainable,’ strategist says
Miller Tabak Managing Director and Equity Strategist Matt Maley joins Yahoo Finance Live to discuss stock futures, inflation, the impact of Fed Mester’s 75 bps hike proposal, and the outlook for the broader market.
- Oilprice.com
China And Saudi Arabia Strengthen Alliance With New Megaproject
China and Saudi Arabia have announced a new energy megaproject, a sign of the strengthening alliance between the two energy powerhouses
- Motley Fool
Why Occidental Petroleum, Devon Energy, and Phillips 66 Plunged Today
Shares of Occidental Petroleum (NYSE: OXY), Devon Energy (NYSE: DVN), and Phillips 66 (NYSE: PSX) fell hard on Wednesday, down 4.3%, 6.1%, and 4.6%, respectively. Although oil prices were trading higher in the morning, they fell by the late afternoon, down around 2% as of this writing. It appears today was a day of recession fears, as first-quarter U.S. GDP figures were revised downward, and Fed Chair Jay Powell reiterated his hawkish posture at a conference in Europe.
