U.S. CRUDE OIL STOCKPILES RISE SHARPLY
U.S. crude oil stockpiles increased by 14.4 million barrels in the week ended Oct 28, much more than expected, while fuel supplies declined, according to data released Wednesday by the Energy Information Administration.
OIL DROPS ON RECORD INVENTORY BUILD
Oil prices dropped, settling sharply lower after weekly inventory data showed a large increase in crude-oil stockpiles
FED SENDS NEW SIGNALS ABOUT A POSSIBLE DECEMBER RATE INCREASE
The Federal Reserve held short-term interest rates steady Wednesday and sent new hints it expects to raise rates in December at its final scheduled meeting of 2016.
GASOLINE FUTURES PULL BACK AS COLONIAL PIPELINE REMAINS SHUT
Gasoline futures pulled back Wednesday as the Colonial Pipeline, the main fuel artery to the East Coast, remained closed.
MAERSK'S PROFIT TUMBLES ON WEAK FREIGHT RATES, LOW OIL PRICES
Danish shipping-and-oil company A.P. Moeller-Maersk said third-quarter profit plunged 43% as sustained weak freight rates and low oil prices continued to batter its performance.
SEMPRA ENERGY PROFIT SOARS, BUT REVENUE MISSES EXPECTATIONS
Sempra Energy said its third-quarter earnings soared thanks to gains related to a pipeline joint-venture deal in its Mexico subsidiary but the energy company's revenue missed expectations.
JUDGE SETS AUCTION DATE FOR MURPHY ENERGY
Lawyers who put oil and natural gas transporter Murphy Energy Corp. into bankruptcy protection are preparing to sell the company's operations at a Dec. 12 auction after a judge approve the Tulsa, Okla.-based company's sale timeline.
SPECTRA ENERGY PROFIT CLIMBS WHILE SALES SLIP
Spectra Energy Corp., as it prepares tomerge with Canadian pipeline operator Enbridge Inc., posted an increase in income during the latest quarter, helped in part by its field-services segment, which swung to a profit.
U.S. STOCKS LOWER AFTER FED HOLDS RATES STEADY
U.S. stocks remained lower Wednesday after the Federal Reserve left interest rates unchanged, but sent new hints it expects to raise rates in December.
EX-BLACKROCK FUND MANAGER PLEADS GUILTY TO INSIDER TRADING
Mark Lyttleton, a former equities fund manager, pleaded guilty to two counts of insider trading, admitting using information from his job to make personal trades.
ADP PRIVATE PAYROLLS ADD 147,000 WORKERS IN OCTOBER
Private U.S. employers continued to hire at a solid clip in October, another sign the nation's labor market remains strong even as the increase was the lowest since May.
ALL 33 PEOPLE TRAPPED AFTER CHINA COAL MINE BLAST FOUND DEAD
All 33 coal miners trapped undergroundin a gas explosion earlier this week have been found dead, state media reported Wednesday, as work-safety officials vowed to punish those responsible.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
PIPELINE OUTAGE NOT BAILING OUT REFINERS
After weeks of higher oil prices, analysts are anticipating tighter margins at a time of year when revenues are already shrinking.
FUTURES EXCHANGES SHIFT RULES ON BLOCK TRADES FOR ENERGY COMPANIES
CME Group Inc. and Intercontinental Exchange Inc. are loosening their rules on trades that involve large blocks of futures executed off exchanges.
(END) Dow Jones Newswires
November 02, 2016 16:15 ET (20:15 GMT)
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