Energy Sector

Dow Jones Industrial Average Moves into Positive Territory for the Year with Climbing Commodity Prices

Dow Jones Industrial Average Moves into Positive Territory for the Year with Cli

On Thursday, the Dow Jones Industrial Average moved into positive territory for the year as commodity prices climbed, backed by a weaker U. S. dollar, boosting shares in the commodity and energy sectors.

Oil Continues Its Gain on Monday Supported Mostly by Lower Supply

Oil Continues Its Gain on Monday Supported Mostly by Lower Supply

On Monday, oil prices held on to its gains from the earlier session. The market for oil remained strong, supported by lesser supply and strengthening sentiment which gives hope for a steadier recovery.

Gas Prices Increase by 7 Cents in Last Two weeks, to $1.84

Gas Prices Increase by 7 Cents in Last Two weeks, to $1.84

On Sunday, industry analyst Trilby Lundberg said that the average oil price per gasoline has increased 7 cents in the last couple of weeks, at $1.84 a gallon. However, even after the price increase, gasoline remains 70 cents a gallon cheaper compared to one year ago.

Oil Prices Gain with a Decline in Drilling Activities

Oil Prices Gain with a Decline in Drilling Activities

In recent weeks oil prices have gained mostly owing to ongoing discussions among the oil producers including the OPEC members and also non- OPEC members like Russia regarding freezing their outputs.

In the U. S. the oil prices also grew for the third straight week due to a decline noted in drilling activities.

Aubrey McClendon Dies in a Car Crash in Oklahoma

Aubrey McClendon Dies in a Car Crash in Oklahoma

On Wednesday, Aubrey McClendon, the ex- Chief Executive of Chesapeake Energy died in a car crash in Oklahoma. He had a big role to play in the country's shale revolution.

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