Crude Oil Futures
West Texas Intermediate crude oil is the primary benchmark for U.S. oil pricing. Oil prices are a key indicator of global economic activity and have significant impact on energy stocks, transportation costs, and consumer prices.
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Markets Mixed: Nvidia Gains on AI Chip Launch, Oil Surges on Iran Tensions
U.S. stocks were mixed Monday as Nvidia surged on a new AI chip with Microsoft, while oil prices jumped over 6% on Iran-related risks. The Dow fell 0.2%, and the S&P 500 was flat.
TechnipFMC Gains on MSCI Inclusion but Faces Volatility
TechnipFMC (FTI) closed at $68.42 on Friday, up 1.1% on heavy volume after MSCI World Index inclusion, but fell 3.62% for the week. Q1 revenue rose 11.6% to $2.49B, with subsea backlog at $16.47B.
TechnipFMC Joins MSCI World Index, Shares End Week Down 3.6%
TechnipFMC shares ended Friday up 1.1% on heavy volume after joining the MSCI World Index, but the stock fell 3.6% for the holiday-shortened week. Q1 revenue rose 11.6% to $2.49 billion.
Exxon Warns of $160 Oil as Hormuz Talks Stall, Shareholders Back Texas Move
Exxon Mobil warned crude could spike to $150-$160 a barrel as global inventories near minimums. Shareholders approved moving legal home to Texas.
SLB Shares Retreat from Peak as Software Strategy Faces Market Test
SLB shares slipped 1% to $54.55, marking a third consecutive decline from a 52-week high of $58.82, as investors assess its software push against headwinds in its core drilling business.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.