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The Marked Chart Wire · Energy
Oil Inventories
US crude inventories fell 4.93 million barrels, well above the 1.3 million barrel draw expected. Gasoline stocks dropped 2.577 million barrels while Cushing crude rose 936,000 barrels.
Nuclear Energy
The company signed an agreement with Great British Energy, Nuclear to start building advanced fission units at the Wylfa location.
Oil Prices
Shares of Chevron, ExxonMobil, Shell, and ConocoPhillips hit all-time highs as rising crude oil prices continue to drive gains ahead of earnings reports.
Power Demand
Electricity consumption in the United States is projected to increase by 20 percent by 2030. The growth is attributed to AI data centers, electrification, and expanding manufacturing.
Vaca Muerta
The energy firm is adapting techniques from the US Permian Basin to boost production in the Vaca Muerta formation in Argentina.
Oil
The benchmark oil contract rose over three percent to $116.72 per barrel. This marks the highest price since late April as regional conflicts continue.
Oil Prices
West Texas Intermediate crude rose 3.77 percent to $103.22 a barrel, while Brent crude gained 2.95 percent to $116.51. The United States Oil Fund ETF climbed 3.87 percent to $168.80, reaching a 52-week high.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.