Markets end the week red off fresh highs in COVID-19 cases and stimulus talks break down, driving the Dow Jones down over 450 pts. Tech shares lag as $AAPL reports weaker earnings off the back of slumping iPhone sales.
- S&P 500: -1.56%
- Nasdaq: -3.3%
- Dow Jones: -0.59%
In Washington, Senate Majority Leader Mitch McConnell adjourned the Senate until Nov. 9, making it unlikely for Democrats and Republicans to reach a deal on new fiscal stimulus before the election on Tuesday. Treasury Secretary Steven Mnuchin, meanwhile, accused House Speaker Nancy Pelosi of miscasting the state of the stalled negotiations, calling it a “political stunt.”
Traders are bracing for a chopping two days heading into Tuesdays election.
Oil and Gas News Today
Crude oil prices fall another 1.6% to finish down over 6% for the week, one of the worst drops in the recent weeks. Crude oil prices settle around $35.55 for the week. Natural gas prices climb another 1.51% off contract rolling and cold weather moving into the Northeast. Natural gas prices settling $3.344
North American Shale News
- Chevron earrings
- US Rig count +6
- Philips 66 earnings
- ExxonMobil earnings
- SM earnings
- Range earnings
- Cabot earnings
- Liberty earnings
- Devon earnings
- Ring doesn’t close asset sales Delaware Basin
Email the show: [email protected]
New Desk: https://www.oilandgas360.com/eenfp/newsdesk/
Show Note Articles:
Top segement..
