Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for longer Oil Prices Sets in.
Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for
Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for
The devilish from the fed has dissipated. Futures in the u. S. Negative, dow futures off 75 points. That flat. Dead flast. T. Dollar yen bright red. Down 1. 3 1 , the japanese yen is stronger. Every single major currency. A weaker euro. Yields lower. That is her market wrap. Lets get first word news. Vonnie in syria, fighters backed by the u. S. And russia have been on Opposing Side and are zeroing in on islamic state, the russian supported syrian army is trying to cut off their main supply route between iraq and syria. Kurdish forces supported by the u. S. Are moving closer to the militant groups capital. In icelandic, a third day of antigovernment demonstrations. After leaked documents reveal the prime ministers the trimester had rhetoric heating up between Bernie Sanders and Hillary Clinton, Bernie Sanders said the front runner is not qualified to be president. His reason, sanders listed wall street donations to her super pac and support for the war in iraq. Clinton was asked if san
Would be a good start. Lets get to our road map and start things off with the markets. Extending yesterdays losses, disappointing Economic News and air strikes in syria are setting the tone for the morning trading. Also weighing on the market, the Obama Administration makes its move to counter inversions. The rising trend of American Companies leaving for lower taxes. Shares of takeover targets such as medtronic, shire and abbey are moving this morning. We may be getting closer to two large transactions. Allergan is in advanced talks to make its own deal to defend off valiant alachemann. Alachemann is already redding to sue. Yesterday nasdaq posting its worst sessions since july 31st. Dip ing dipping to a 2014 low. China rose slightly. You have the u. S. And arab allies launching attacks against islamic militants in syria. President obama due to make a statement on the u. S. Strategy against isis later this morning. Coming up at 11 00 a. M. Eastern, becky quick is going to interview fo