ENERGY

Oil prices have been chopping around overnight as traders focused on China's latest efforts to stimulate its stock market economy, and no new chaos in the Red Seas (and Libya reopened its largest oil field).

Oil also benefited from a weaker dollar and a big crude draw reported by API overnight (albeit offset by a major build in gasoline stocks).

All eyes now on whether the official data will confirm it -but bear in mind some of this data could be affected by the deep freeze across (more…)

Authored by Ethan Brown via RealClear Energy,

For Jazz Montgomery, it was a new career path. After opening Heavenly’s Lawn Care in 2020, he built a four-person crew, offering residential lawn care, pruning, and yard maintenance to customers in Costa Mesa, California.

“But ever since that stupid rule change…”

Montgomery wasted no time in our phone conversation addressing the elephant in the room. On January 1, 2024, California Assembly Bill 1346 took effect, (more…)

Oil prices ended the day marginally down from one-month-highs, amid some notable swings intraday, after Libya recently restarted production at its largest oil field.

The pullback in prices came "in conjunction with no new developments in the Red Sea and the opening of Libya's largest oil field," said Rania Gule, market analyst at XS.com.

Ongoing tensions in the Middle East and weather-related oil production disruptions in North Dakota also remain top of mind for traders (more…)