The Daily Finance and Energy News Show 1/26/2021: Oil and Gas Gets Political

Published January 26, 2021 13 Views

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Another choppy day for the markets as stocks finish flat ahead of big corporate earnings.

• S&P 500: 0.00%
• Nasdaq: 0.20%
• Dow Jones: 0.04%

General Electric shares jumped 9% on its better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for the year. Johnson & Johnson popped more than 3% after the drugmaker’s earnings topped expectations.

Crude Oil and Natural Gas News
Crude oil prices are muted as traders await fundamental data to drop this afternoon via API and tomorrow with the EIA report. Currently, crude oil prices are $52.63. Natural gas prices spike after the weather models turn colder for next week, lifting natural gas prices to $2.658

US Energy News
• Ring moves headquarters
• Blackstone CEO: no more investments in fossil fuels
• DAPL loses appeal, shutdown likely
• Enerplus buys Bruin EP
• US tribes now exempt from drilling ban

International Energy News
• US to seize Iranian oil
• Libya fixes pipelines