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Oil Prices Sink To $55, Lowest In Nearly 5 Years: What's Moving Markets Tuesday?
Benzinga· 2025-12-16 17:47
Market Overview - Wall Street showed mixed signals with nonfarm payrolls rising by 64,000 in November, exceeding expectations of 50,000, while the unemployment rate increased to 4.6%, the highest since September 2021 [1][2] - The Nasdaq 100 increased by 0.2% to 25,121, while the Dow Jones and S&P 500 experienced slight declines of 0.2% and 0.1% respectively [3][6] - Small-cap stocks underperformed, with the Russell 2000 dropping 0.6%, marking a third consecutive session of losses [3][6] Sector Performance - Energy stocks continued to decline, falling 2.2% on the day, lagging behind the broader market [5] - Oil prices fell to $55 per barrel, down 2.2%, reaching the lowest levels since January 2021, amid expectations of a potential resolution in the Ukraine war that could ease restrictions on Russian oil exports [4] - In commodities, gold remained stable at $4,300 per ounce, while silver decreased by 0.6% to $62 per ounce [5] Notable Stocks - Affirm Holdings Inc. saw a significant increase in shares, rising by 10.48% [8][9] - The top gainers in the Russell 1000 included Circle Internet Group Inc. (+9.07%), RH (+6.82%), and Cognex Corporation (+5.20%) [9] - Conversely, the top laggards included Corcept Therapeutics Inc. (-8.19%), Amkor Technology Inc. (-7.64%), and Booz Allen Hamilton Holding Corp. (-6.35%) [10]
Oil prices tumble to lowest since May, on pace for biggest decline in 7 years
CNBC· 2025-12-16 14:05
Core Insights - Oil prices are experiencing significant volatility, with U.S. crude hitting its lowest level since May, indicating a potential surplus and geopolitical factors influencing the market [1][2][3] - The U.S. benchmark has declined approximately 22% this year, marking its worst performance since 2018, while the global benchmark has dropped nearly 20%, the worst since 2020 [2] - OPEC+ members have increased production rapidly after years of cuts, contributing to downward pressure on oil prices [3] Price Movements - West Texas Intermediate (WTI) crude oil was last trading at $55.61 per barrel, down 2.13%, while Brent crude was at $59.39, down 1.93% [2] - U.S. gasoline prices have fallen below $3 per gallon, reaching the lowest level in four years [2] Geopolitical Factors - The oil market has been under pressure due to the ongoing conflict in Ukraine, with the U.S. and European allies imposing sanctions on Russia's crude industry [4] - The potential for a peace agreement in Ukraine is influencing investor sentiment and pricing in lower geopolitical risks [3]
Hemisphere Energy Grants Incentive Restricted Share Units and Stock Options
TMX Newsfile· 2025-12-15 22:41
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces that its Board of Directors has approved grants of incentive restricted share units ("RSU") and stock options.Restricted Share UnitsUnder the Company's Restricted Share Unit Plan (the "Plan"), RSUs may be granted to directors, employees, and contractors of the Company. At the discretion of the Company's Board of Directors, the Plan permits th ...
Oil Settles at Lowest Since 2021 as Traders Weigh Ukraine Deal
Yahoo Finance· 2025-12-15 20:41
The US oil benchmark fell to its lowest level since February 2021, with traders weighing renewed signs of optimism surrounding a deal to end the war in Ukraine and mixed economic data from China. West Texas Intermediate settled below $57 a barrel in thin trading ahead of the Christmas and New Year holidays, sliding as stocks wavered. US negotiators offered more substantial security guarantees to Kyiv in a renewed bid to clinch a deal, though the effort still appeared part of a bid to pressure Ukrainian Pr ...
Energy Demand Concerns Undercut Crude Oil Prices
Yahoo Finance· 2025-12-15 20:19
January WTI crude oil (CLF26) on Monday closed down -0.62 (-1.08%), and January RBOB gasoline (RBF26) closed down -0.0198 (-1.13%). Crude oil and gasoline prices were under pressure on Monday, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low.  Concerns about global energy demand are weighing on crude prices amid weaker-than-expected Chinese economic news.  Also, Monday's decline in the S&P 500 to a 2-week low dampens optimism about the economic outlook, which ...
Oil Inches Higher But Ukraine Talks, Oversupply Concerns Cap Gains
Barrons· 2025-12-15 09:23
Oil prices edged higher in early trading, though gains are capped by diplomatic efforts to end the war in Ukraine and concerns of an oversupplied market.Brent crude was up 0.1% to $61.19 a barrel, while WTI rose 0.2% to $57.33 a barrel, supported by growing tensions between Washington and Venezuela and positive data on oil demand and refinery activity in China.Despite the uptick, both benchmarks continued to hold near their lowest level since late October. ...
X @Bloomberg
Bloomberg· 2025-12-15 02:48
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude futures https://t.co/iJ8fDGnubR ...
Regime change in Venezuela could bring boost in oil production — but not as much as you'd think
MarketWatch· 2025-12-13 13:00
Core Insights - Venezuela's oil infrastructure requires significant investment and time to restore, with estimates running into billions of dollars [1] Group 1: Infrastructure Challenges - The current state of Venezuela's oil infrastructure is severely degraded, necessitating extensive repairs and upgrades [1] - The restoration process is expected to be lengthy, indicating a prolonged period before any substantial improvements can be realized [1] Group 2: Financial Implications - Billions of dollars will be needed to address the infrastructure issues, highlighting the financial burden on the Venezuelan government and potential investors [1] - The scale of investment required raises questions about the feasibility of attracting foreign investment in the current economic climate [1]
New sanctions target Venezuelan oil, Maduro's family
MSNBC· 2025-12-12 19:00
When Donald Trump delivered the news that America Captain Phillips to this oil tanker, you can see the moment when he thought for a second about not being Donald Trump, but then he decided to be Donald Trump. >> As you probably know, we've just seized a tanker on the coast of Venezuela. Large tanker, very large, largest one ever seized, actually. largest tanker ever seized.Actually, how big was the oil tanker you seized, Abraham Lincoln. >> The seizure of an oil tanker off the coast of Venezuela may not hav ...
Trump Sanctions Maduro's Nephews and Six Oil Tankers, Putting More Pressure on Venezuela
Bloomberg Television· 2025-12-12 15:52
GLOBAL SELLING OFF, DOES THIS INDICATE OPPORTUNITY. 10 YEAR YIELDS COMING BACK TOWARDS THAT 4.20% MARK7, 4.1%. PRESSURE BUILDING ON VENEZUELA.PRES. TRUMP: THEY HAVE TREATED US BADLY AND I GUESS NOW WE ARE NOT TREATING THEM SO GOOD. IF YOU LOOK AT THE DRUG TRAFFIC, DRUG TRAFFIC BY SEA IS DOWN 92% AND NOBODY COULD FIGURE OUT WHO THE 8% IS BECAUSE I HAVE NO IDEA.ANYBODY GETTING INVOLVED IN THAT RIGHT NOW IS NOT DOING WELL AND WE WILL START THAT ON LAND, TOO. IT'S GOING TO BE STARTING ON LAND PRETTY SOON. LISA: ...