BP made one of its biggest investments in decades Friday with the $10.5 billion purchase of shale oil and gas assets from BHP Billiton that marks a major return to the U.S. market following the deadly Deepwater Horizon disaster off the coast of Houston eight years ago.
Just as the president is waging a war on global exporters in an effort to reduce the price of oil, his steel tariffs are costing U.S. companies hoping to build out necessary energy infrastructure that would in theory allow more U.S. oil to come to global markets.
Shares had risen earlier in the day, bolstered by restructuring progress and a recovery in international markets revenue.
Why isn't there more appetite to own oil stocks with oil prices on the rise? Goldman Sachs explains it rather easily.
Jim Cramer and our other experts discuss Boeing and China, yield curves, and bank stocks.
President Donald Trump says his meeting with Russian President Vladimir Putin may be the "easiest" part of a week-long European trip.
Brent crude futures slipped by 2.4%, while West Texas Intermediate crude futures fell 1.6%.
Global crude edged closer to $80 a barrel again Tuesday as a strike in Norway added to ongoing concerns over supply disruption that have taken oil prices to the highest in nearly four years.
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