Energy News Beat 1/20/2020 Markets and Finance Update
Stocks rise as President Joe Biden sworn in as the 46th President of the US. The Dow Jones Industrial Average rose 240 points. The S&P 500 advanced 1.5% to an intraday all-time high. The tech-heavy Nasdaq Composite jumped 2.1% to a record amid a pop in Netflix shares.
• S&P 500: 1.39%
• Nasdaq: 2.31%
• Dow Jones: 0.85%
“I believe we will be able to turn the page,” said Kristina Hooper, Invesco’s chief global market strategist. “I expect markets to continue to move in expectations of a robust recovery later in 2021 when vaccines are broadly distributed.”
Crude Oil and Natural Gas News
Crude oil prices steady as E&P sectors awaits US earning season. CL prices currently trading at $53.18. Natural gas prices fall amid warmer temperatures. NG prices currently trading around $2.543
US Energy News
• Colgate Partners raises $300mm
International Energy News
• Iran sanctions under Biden?
• TC Energy responds to Keystone XL
• Chevron subsea pipelines
• Equinor divests from Canada
• Russian sanctions?