U.S. Crude Oil Stockpiles Drop 6.2 Million Barrels, Exports Hit Record Weekly High
Commercial crude oil inventories fell significantly while the U.S. recorded record weekly exports, according to Energy Information Administration data.
Commercial crude oil inventories fell significantly while the U.S. recorded record weekly exports, according to Energy Information Administration data.
European automaker Stellantis is reportedly in discussions with Chinese companies Xiaomi and Xpeng about potential investments in its European operations.

Economic pressures from fuel and food price increases are forcing business closures in Gulf Coast shrimping and Texas barbecue industries.
Abbott Laboratories reduced its 2026 earnings outlook due to acquisition costs and lower-than-expected flu season sales affecting recent quarterly results.

Bill Ackman's newly launched investment vehicle has performed well since its debut, though market analysts express reservations about future prospects.
Accounting firm KPMG has shut down its US government audit practice following the loss of a major Army contract.
French spirits company Pernod Ricard and Jack Daniel's maker Brown-Forman have ended discussions about a potential merger.

Two unrelated business stories emerged: venture capital pricing practices and commodity trading profits.

Federal regulators filed suit against Wisconsin over the state's enforcement actions against prediction market platforms, claiming exclusive jurisdiction.

At least 16 colleges announced closures for 2025 amid declining enrollment and financial struggles, including a historically black college filing for bankruptcy.

Coal prices reached their highest level in over a year following escalation of Middle East conflict, while China reported strong export growth before hostilities began.

Mortgage applications increased as interest rates fell to a one-month low, while a Federal Reserve official indicated rates may remain unchanged for an extended period.

European stock markets opened higher Monday as oil prices spiked back above the $100 per barrel threshold, drawing investor attention to energy sector developments.
Yancoal Australia acquires Kestrel coal mine stake for up to $2.4 billion, while separately Australia's richest person faces court order on iron ore mining fortunes.

Turkey's state-owned Halkbank has reached a settlement with US authorities to resolve criminal charges related to violations of Iran sanctions.
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