U.S. Stocks Climb as Beaten-Down Banks, Retailer Shares Rally

U.S. stocks rose, with the Standard & Poor’s 500 Index posting the best two-day gain in more than five months, despite weakness in oil prices as beaten-down banks, technology and retailer shares led an advance. Citigroup Inc. and U.S. Bancorp climbed more than up 2.7 percent. Retailers, one of last week’s bright spots, added to …

Oil settles at lowest level in 3 weeks

Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that major producers might try to tackle a …

Petro River Oil Provides Corporate Update

Petro River Oil Corp. Provides Corporate Update NEW YORK, NY, February 9, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), is pleased to provide an update on our ongoing corporate activities, as well as the development plans for our core acreage in Osage County and our interest in several projects accessible through our pending …

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

Texas has lost at least 60,000 upstream oil and gas jobs, plus as many as 250,000 supply chain and retail jobs indirectly, as a result of the oil crash, according to an analyst with one of the top industry trade groups in the state. Karr Ingham, a petroleum economist who compiles the semi-annual Texas Petro Index …