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UNG News30 articles
Dow Holds Ground as Tech Selloff Deepens on AI and Rate Concerns
The Dow ended nearly flat while the S&P 500 and Nasdaq slumped, led by a 7.6% plunge in the Philadelphia Semiconductor Index, as AI spending uncertainty and rising rate hike bets hit tech stocks. Markets await Micron earnings and PCE inflation data.
Natural Gas Futures Dip as Rising Supply Tempers Heat-Driven Rally
U.S. natural gas futures eased 0.6% to $3.234 as rising supply countered bullish weather forecasts. July contract gave back Monday's gains, with storage at 5.8% above the five-year average.
U.S. Mortgage Rates Dip to 6.47% on Iran Deal Hopes, But Fed and Hormuz Risks Loom
U.S. mortgage rates dropped to 6.47% amid a tentative Iran deal, but the Fed's inflation stance and Hormuz tensions pose upside risks.
Pennsylvania Gas Prices Slide Ahead of July Fourth, Still Above National Average
Pennsylvania gas prices fell 53.5 cents to $4.109/gallon ahead of July Fourth, but remain 74 cents above last year and 16 cents above the national average, according to AAA data.
Exxon Mobil Slides 6% as Oil's War Premium Fades
Exxon Mobil shares slid 6.3% for the week to $137.81 as Brent crude dropped 8% on improved Strait of Hormuz flows and easing war risk, despite a Bank of America upgrade to Buy and a new LNG deal in South Africa.
Strait of Hormuz Reopens, Oil Prices Tumble as Supply Fears Ease
Oil prices plunged nearly 10% this week as tanker traffic resumed through the Strait of Hormuz after a US-Iran interim deal, but analysts caution that risks remain.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
Bank of England Holds Rate at 3.75% as Energy Shock Eases, Inflation Concerns Linger
The Bank of England kept rates unchanged at 3.75%, with two policymakers favoring a quarter-point rise. Inflation is projected to climb above 3.25% by year-end, delaying any rate cut.
Gas Dips Below $4 as Iran Deal Eases Oil Supply Fears
U.S. gasoline prices dipped below $4 a gallon Thursday after a U.S.-Iran interim deal to reopen the Strait of Hormuz, triggering a 2.33% drop in Brent crude and 2.46% in WTI; analysts warn relief may be slow as shipping risks and stalled production could delay full oil flow recovery for months.
XRP Breaches $1.20 Support as Hawkish Fed Lifts Dollar
XRP dropped below $1.20 support to $1.17 after the Fed's hawkish stance boosted the dollar, triggering selling and underperformance versus Bitcoin and Ether.
Oil Prices Slide on US-Iran Deal, Pump Relief Delayed
Oil prices fell sharply as the US and Iran reached an interim agreement to end the war and reopen the Strait of Hormuz, though tight inventories mean cheaper gas won't arrive immediately.
Invenergy Accepts $765M Payout to Exit Offshore Wind Leases
Invenergy will get $765 million to terminate four offshore wind leases, with funds redirected to natural gas and geothermal, as the administration's buyback program nears $2.6 billion.
Dow Clings to Record Highs as Fed Decision Looms
The Dow Jones Industrial Average gained 169.86 points to 52,169.53, staying near record highs, while the broader market showed mixed results ahead of the Federal Reserve's policy announcement.
Wall Street Mixed as Market Awaits Fed Decision Under New Chair Warsh
U.S. stocks closed mixed Wednesday as the market awaited the Federal Reserve's rate decision under new Chair Kevin Warsh. Chip stocks rebounded, but stronger-than-expected retail sales raised inflation concerns.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Michigan Gas Prices Rise Slightly, Lansing Market Shows Divergence
Michigan's average gas price rose to $4.18/gallon Monday, up from $4.15 last week, with Lansing showing split pump prices. State remains above national average.
SpaceX Soars 20% in Historic IPO, Hits $2.1 Trillion Market Cap
SpaceX surged nearly 20% on its first trading day, closing above $160 and reaching a $2.1 trillion market cap, marking the largest IPO ever.
Oil Prices Tumble as US-Iran Peace Deal Awaits June 19 Signing
Oil prices plunged over 3% after Pakistan announced a US-Iran peace deal to reopen the Strait of Hormuz, with a formal signing scheduled for June 19 in Switzerland.
Oil Prices Tumble as US-Iran Talks Advance, Reserve Drawdowns Raise Concerns
Oil prices plunged over 3% to multi-month lows as traders bet on a potential US-Iran peace deal reopening the Strait of Hormuz, but falling inventories and reserve releases leave markets exposed to a sharp spike if flows delay.
Energy Stocks Hold Steady as Oil Prices Retreat on Iran Deal Hopes
Brent crude dropped 3.37% to $87.33, and WTI fell 3.23% to $84.88 on Friday amid optimism over a potential U.S.-Iran agreement, but energy stocks like XLE ended the week nearly unchanged.
Social Security 2027 COLA Estimate Climbs to 3.8% on Sticky Inflation
The Senior Citizens League now estimates a 3.8% Social Security COLA for 2027, driven by May's 4.4% CPI-W jump. This would boost average monthly benefits by $77.
Markets Mixed as Oil Eases, SpaceX IPO Debuts with $2 Trillion Valuation; Fed Meeting Looms
U.S. stocks edged higher Friday with the Dow up 176 points, as oil declines and hopes for a Middle East peace deal bolster sentiment. SpaceX's IPO surged 30% above its offer price, while the Fed's upcoming meeting remains a key focus.
Elon Musk on Track to Become First Trillionaire After SpaceX IPO
Elon Musk is poised to become the world's first trillionaire after SpaceX's IPO, with a valuation of $1.77 trillion, pushing his fortune over the trillion-dollar mark.
Diesel Price Drop: Relief for Truckers but Supply Fears Loom
U.S. diesel prices have dropped for five straight weeks, but tight inventories and global supply concerns threaten a quick reversal, keeping truckers and farmers under pressure.
Gold Prices Near ₹1 Lakh in Chennai as Fed Rate Jitters Cap Recovery
Chennai gold prices dropped to ₹1,08,000 per eight-gram sovereign, approaching the ₹1 lakh level, as U.S. inflation data and Fed rate hike concerns limited global gold's rebound from a six-month low.
BATL Surges 57% as Iran Tensions Fuel Oil Rally, Small-Cap Producer in Focus
Battalion Oil (BATL) surged 57% to $2.06 on record volume amid U.S.-Iran tensions and rising oil prices, with traders targeting the small-cap producer for its high crude price sensitivity.
Dow Slips as CPI Meets Forecasts, Iran Tensions and AI Selloff Weigh
The Dow dropped 0.55% as May CPI matched forecasts at 4.2% YoY, but energy-driven inflation and geopolitical jitters kept markets on edge, with AI stocks like SMCI falling sharply.
S&P 500 Futures Edge Higher as Inflation Data and Tech Earnings Loom
U.S. stock futures climbed Wednesday, with S&P 500 and Nasdaq contracts up, as traders await inflation data and tech earnings. Intel slipped after a surge on Google AI chip order news.
Gold Holds Near $4,344 as Ceasefire Hopes Offset Fed Rate Worries
Gold steadied near $4,344 as ceasefire hopes offset pressure from a strong U.S. jobs report. Goldman Sachs now expects no Fed cuts until 2027.