Columbus, OH

Markets Insider

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million barrels per day a year ago.

US oil production just hit a record high

Reuters

HOUSTON (Reuters) - An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.

New drilling technology to put billions of barrels of oil in reach, analysts say

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Crude oil inventories in the United States rose slightly this week, by 347,000 barrels for the week ending August 16, according to The American Petroleum Institute (API), after analysts predicted a 2.9 million barrel dip. For the week prior, the API reported a 5.205-million-barrel decrease in crude inventories. So far...

Surprise Crude Oil Inventory Build Raises Pressure on Oil Bulls

Business Times

Oil prices experienced a modest recovery on Wednesday, edging higher after several consecutive days of losses driven by concerns over weakening Chinese demand and diminishing fears that the conflict in the Middle East could escalate to disrupt supply chains. Brent crude futures saw a rise of 47 cents, or 0.6%, reaching $77.67 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 48 cents, or 0.7%, to settle at $73.65 per barrel.

Oil Prices Rebound as Traders Eye U.S. Stockpile Data Amid Middle East Tensions

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

New York City, NY

Nassau County, NY

A convicted New York drug dealer and predatory lender who was freed from federal prison after his sentence was commuted in 2021 by then-President Donald Trump was arrested on assault charges. Jonathan Braun is accused in Nassau County court of assaulting his elderly father-in-law as he tried to protect his...

New York drug dealer whose prison sentence Trump commuted arrested on assault charges

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Jackson, WY

Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank's annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson Hole...

Here's everything to expect from Fed Chair Powell's speech Friday in Jackson Hole

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Construction input prices increased 0.4 percent in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released recently. Nonresidential construction input prices also increased 0.4 percent for the month. Overall construction input prices are 1.1...

Construction Input Prices Increased in July

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

HOUSTON (Reuters) - Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank's priorities in the coming months.

Oil climbs with U.S. Federal Reserve pivot

LONDON, Aug 22 (Reuters) – In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices,...

OPEC⁺ Faces Moment of Truth on Planned Output Increase: Kemp

Oil prices fell on Wednesday after the U.S. government revised significantly lower the number of jobs added in the year to March, pressuring investor sentiment. U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Wednesday. "The market is now going...

U.S. crude oil falls below $72 per barrel as jobs growth revised lower

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

Fox News

Vice presidential candidate JD Vance vowed to 'fight' for Black voters ahead of November, slamming the Democrats for failing the community for an entire 'generation.'

JD Vance sends message to Black voters as they weigh Trump, Harris: 'We're going to fight for you'

If you’re planning to squeeze in one last summer road trip over the coming Labor Day weekend, it won’t cost as much to fill up your tank compared to a few months ago. The national average for a gallon of regular has fallen more than 20 cents since May and is now at $3.38 — about 47 cents lower than this time a year ago. Experts say the trend is likely to continue in the coming months, possibly leading to $3-a-gallon gasoline for the first time since 2021.

Gas prices are down. We could be headed for lows not seen since 2021

Final North American Class 8 net orders totaled 13,465 units in July. Exports and Mexico accounted for 13% of July’s orders, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report. “The Class 8 backlog fell 13,626 units M/M in July, to 114,291 units....

ACT Research: Current Class 8 Production Levels Under Pressure

NewsBreak

U.S. crude oil rises to $73 per barrel after erasing most of 2024 gain

The U.S. benchmark is now up about 2% for the year, while global benchmark Brent crude has erased virtually all of its gains for 2024. Demand...

U.S. crude oil rises to $73 per barrel after erasing most of 2024 gain

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