Wall Street Opens Higher As Oil Prices Rise

(Reuters) - U.S. stocks opened slightly higher on Wednesday as a rise in oil prices helped energy shares and ahead of Federal Reserve Chair Janet Yellen's testimony before a Congressional committee.

BING NEWS:
  • Crude oil prices today: WTI prices are up 7.95% YTD
    WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...
    05/3/2024 - 3:27 am | View Link
  • Oil prices set for steepest weekly drop in three months
    LONDON, May 3 (Reuters) - Oil prices steadied on ... that could delay rate cuts. Higher rates typically weigh on the economy and can reduce oil demand. Also on Friday, energy services firm Baker ...
    05/2/2024 - 1:00 pm | View Link
  • ConocoPhillips misses quarterly profit estimates on lower gas prices
    U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset higher oil production volumes.
    05/2/2024 - 6:09 am | View Link
  • FTSE 100: London closes higher and Wall Street climbs as Fed rate-hike fears fade
    Across the pond, the S&P 500 ( ^GSPC) rose roughly 0.4%, while the Dow Jones Industrial Average ( ^DJI) gained 0.5%. The tech-heavy Nasdaq Composite ( ^IXIC) led the gains, up 0.7%.
    05/1/2024 - 9:34 pm | View Link
  • Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
    Stocks are slipping after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high.
    04/30/2024 - 6:19 pm | View Link
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