Dow Hits New All-Time High: Investor Sentiment Improves, Fear Index In ‘Greed’ Zone

ConocoPhillips Stock Falls as Oil Prices Retreat

ConocoPhillips (NYSE:COP) shares are sliding Wednesday along with other oil and gas exploration and production companies as crude prices retreat from a two-day rally, pressured by easing Saudi supply concerns and a smaller-than-expected drawdown in U.S. crude inventories.

S&P 500 Gains, Crude Falls Ahead Of Fed's Expected First Hike Since 2023: Stock Market Today

Crude tumbles 3.6% on a Saudi pipeline restart, easing yields and lifting chips, while the Fed prepares its first rate hike in nearly three years.

Shares of oil and gas exploration and production companies are trading lower as API data indicating a U.S. crude inventory weekly increase and EIA data showing that gasoline and distillate stored volumes grew since last week are pressuring stocks that have heavier exposure to the North American physical energy market. Also, reports suggesting Saudi Arabia is making efforts to get crude exports moving are dampening oil prices.

Oil Crisis Worsens, Diesel Hits Record High: Here's How to Trade It

Oil prices surged as Gulf attacks disrupted Saudi infrastructure, threatening supplies; Brent topped $107 and U.S. diesel hit record highs.

U.S. Senate Committee Passes Bill To Bar Government Officials From Pressuring Private Companies To Censor Speech, Citing Trump Threats To Late-Night Talk Shows

- Reuters

Epic Games’ Private Market Value Slides as Fortnite Struggles to Deliver its Next Growth Spurt

Epic Games is one of the biggest names in gaming, but its private market shares are telling a more cautious story.