TOP STORIES

GAS PRICES JUMP AFTER PIPELINE FIRE

Gasoline and diesel prices climbed after a major fuel artery was severed for the second time in two months, cutting off the pipeline that supplies much of the East Coast with gasoline, diesel and jet fuel.

U.S. OIL PRICES END LOWER

Crude oil prices fell, reversing earlier gains, amid persistent skepticism about OPEC's plans to cut production.

SHELL, BP EARNINGS BENEFIT FROM COST CUTS AMID WEAK OIL PRICES

Royal Dutch Shell and BP posted better-than-expected third-quarter profits, joining other big oil companies in showing progress in efforts to adapt to weaker prices.

OCCIDENTAL PETROLEUM POSTS LOSS

Occidental Petroleum reported a third-quarter loss on a continued decline in revenue, as the oil-and-gas company deals with low energy prices.

DRILLING CONTRACTOR WEATHERFORD REMAINS WITHIN DEBT COVENANTS

Drilling contractor Weatherford International, whose stock plunged to a 1999 low on Tuesday amid concerns about its balance sheet, said it expects to meet all debt obligations through at least the end of the year.

JUDGE DENIES PARAGON OFFSHORE REORGANIZATION PLAN

Paragon Offshore has gone back to the drawing board after a bankruptcy judge denied its reorganization plan.

SAUDI OIL MINISTER SEES DEMAND RISING DESPITE RENEWABLES

Global appetite for oil and gas will continue to grow despite intensifying efforts to curb climate change, even as renewable energy plays an increasing role in the energy mix, Saudi Arabia's powerful energy minister Khalid Al-Falih said.

ALCOA RISES, ARCONIC SLIPS IN MARKET DEBUT

Alcoa officially split Tuesday, as the aluminum giant separated its raw aluminum operation from the businesses thatsupply the aerospace and automotive markets.

AMERICAN ELECTRIC POWER SWINGS TO LOSS

American Electric Power swung to a loss in its latest quarter as the electricity producer sustained a $2.3 billion impairment linked to power plants in Ohio.

EMERSON ELECTRIC GIVES DOWNBEAT OUTLOOK

Emerson Electric posted top- and bottom-line declines in its fiscal fourth quarter and outlined a tough year ahead, as lower industrial spending continues to weigh on the manufacturing sector.

STOCKS KICK OFF NOVEMBER WITH DECLINES

U.S. stocks fell, while Treasurys and gold rallied as investors broadly retreated from risk.

U.S. ISM MANUFACTURING GAUGE ROSE IN OCTOBER TO 51.9

A gauge of U.S. factory activity rose in October, a sign the manufacturing sector could be stabilizing after two years of challenging conditions.

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Markets Main

U.S. CRUDE-OIL SUPPLIES SEENINCREASING

U.S. crude-oil inventories are expected to show an increase of 1 million barrels in data due Wednesday from the Department of Energy, according to a survey of analysts and traders by The Wall Street Journal.

Oil Markets

GASOLINE'S INTRADAY GAIN BIGGEST IN EIGHT YEARS

Tuesday's spike in gasoline prices marked the biggest intraday gain in eight years, reflects the potential disruption to energy markets and the notorious volatility of gasoline trading.

(END) Dow Jones Newswires

November 01, 2016 18:14 ET (22:14 GMT)

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