Text size David McNew / Getty Images Exxon Mobil and Chevron report earnings on Friday amid a bleak period for energy reserves. Most of the oil and gas names collapsed on Thursday, because the path back to “normal” in recent months is likely to be more complicated than investors initially …
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Text size Joe Klamar / AFP via Getty Images Gold prices have rebounded to new highs, helped by renewed weakness in the dollar, and the metal may soon be on the verge of reaching $ 2,000 an ounce. Gold rose $ 35 to $ 1,937 an ounce in early trading …
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Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …
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Text size Frederic J. Brown / AFP via Getty Images After a few shaky days, oil prices rose on Wednesday after a surprising result at an OPEC meeting and better-than-expected government data from the US. Brent crude, the global benchmark, set 2.1% higher at $ 43.79 on Tuesday, while West …
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Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
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