The numbers: Consumer spending rose a solid 0.4% in August, but the increase was exaggerated by higher gas prices that are pinching the budgets of U.S. households. Analysts polled by the Wal... Read more

The numbers: The cost of goods and services rose a sharp 0.4% in August — the biggest increase in seven months — mostly because of higher gas prices. But inflation more broadly continued to... Read more

The rig operator was stumped. He’d been making good progress, but now something blocked the way forward. The operator, Denny Mong, stared at an unassuming metal tube in the ground — the foss... Read more

Oil futures rose early Friday, after a pullback the previous session, with the U.S. and benchmark on track for a September gain of more than 10% as a tightening supply picture drives crude t... Read more

CNBC’s Jim Cramer suggested the stock market could be headed toward a rally. Crude oil prices fell after reaching their highest level in over a year, with Texas Intermediate crude oil,... Read more

Bond yields inched up to fresh 16-year highs after rising oil prices increased inflation angst. What’s happening What’s driving markets Oil prices that have moved swiftly to 13-month highs a... Read more

Oil futures topped $95 per barrel for the first time in a year, as traders react to dwindling inventories. The lead West Texas Intermediate contract CL00, -0.03% rose 14 cents to $93.82, hav... Read more

U.S. stock futures were struggling to make headway early Thursday after oil hit a 13-month high, underpinning bond yields. How are stock-index futures trading S&P 500 futures ES00, -0.02... Read more

Oil prices surged to their highest level in over a year, after crude stocks at a key storage hub fell to their lowest since July last year. The U.S. West Texas Intermediate futures touched $... Read more