Energy futures up on inventory report
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Energy futures rose but retreated from earlier highs Tuesday after the government reported a surprisingly large drop in crude oil inventories and accompanying declines in gasoline supplies and refinery activity.
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Oil and gasoline futures prices rose in lethargic preholiday trading yesterday on renewed concerns about gasoline supplies and positioning in advance of tomorrow's government inventory report.
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Stock index futures were pointing to a slightly higher open on Wall Street on Thursday, as investors awaited data that could shed more light on the health of the economy.
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U.S. stock futures soared on Friday,  indicating the market would open higher, after October jobs  data showed a higher-than-expected increase, a positive sign  for U.S. economic growth.
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Stock index futures suggested a higher market open on Friday before a report on consumer prices as the Dow industrials stood at a record high on optimism about corporate earnings and economic growth.
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Crude oil futures were little changed after plunging more than 3 percent yesterday when the US Energy Department reported an unexpected rise in inventories.
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Crude oil futures rose amid speculation that US inventories of heating oil, diesel and gasoline will continue to fall as demand exceeds refinery output.
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Crude oil rose for a second day after the US government yesterday reported a smaller-than-expected increase in winter inventories of heating oil and diesel.
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NEW YORK - Oil and gas futures rose yesterday on expectations the hurricane season will intensify and OPEC won't raise output when it meets next week.
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Stock futures edged higher on Friday, helped by optimism about takeover activity and private equity deals.
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Oil futures prices rose more than $1 a barrel in a volatile trading session yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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Stock futures rose on Tuesday as news of an executive reshuffle at Starbucks Corp  sent the coffee chain's stock higher, while an advance in oil prices underpinned gains by energy companies.
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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Oil prices rose amid expectations a report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the worldâs largest energy consumer.
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Oil prices rose for the second day on  Wednesday ahead of U.S. government data expected to show a  slight decline in winter heating fuel stocks.
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Stock index futures rose on Monday, boosted by takeover news in the telecommunications sector and before a report on manufacturing activity that could give clues on the outlook for profits.
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Stock index futures rose on Monday in the final trading session of the year with little on the corporate agenda and ahead of existing home sales data.