U.S. crude oil posts weekly loss as Saudi supplies look set to return [MSNBC.com]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: MSNBC.com
U.S. crude oil on Friday posted a weekly loss, as the prospect of growing oil supplies from Saudi Arabia overshadowed China's efforts to stimulate its economy.The U.S. benchmark fell about 5% this week, while global benchmark has pulled back nearly 4%. Prices have fallen even as conflict in the Middle East escalates, with Israel launching an airstrike in Beirut targeting Hezbollah leader Hassan Nasrallah."It is amazing to see that … war doesn't affect the price, and that's because there's been no disruption," Dan Yergin, vice chairman of S&P Global, told CNBC's "Squawk Box"There's still over five million barrels a day of shut in capacity in the Middle East," Yergin said.Here are Friday's closing energy prices:Oil sold off Thursday on a report thatSaudi Arabia is committed to increasing productionOPEC+ recently postponed planned output hikes from October to December, but analysts have speculated that the group might delay the hikes again because oil prices are so low.The oil sell-off
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SPGI
Earnings
- 7/30/24 - Beat
SPGI
Sec Filings
- 8/9/24 - Form 4
- 8/9/24 - Form 4
- 8/7/24 - Form 144
- SPGI's page on the SEC website