Energy stocks move lower as markets search for direction

Yahoo Finance Live's Brian Cheung examines afternoon movements in the stock and bond markets, as well as crude oil pricing in the energy sector.

Video transcript

BRIAN CHEUNG: Let's take a look at where stocks are trading in the final hour here on this Thursday afternoon. If you take a look at the big boards, you can see the Dow Jones down a quarter of a percent. The S&P 500 essentially unchanged from where it ended the day yesterday. And the NASDAQ, the tech stocks, doing relatively well on this Thursday, up about a 1/3 of a percent.

In the yield side of things, we see a little bit of movement in fixed income. When you take a look at the 10 year yield, after a little bit of Fed speak on this Thursday afternoon, down six basis points to 2.69%. But all the action really notable in the commodities market, where you take a look at a barrel of oil. Check this out, sub $90 on WTI Crude Oil, down to $88. We have not seen these levels since the war in Ukraine began. You can see Brent Crude Oil down 3% to $94 as well. A lot of movement on this Thursday, Dave.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Latest stories

  • Met Police Covid fine for ‘partying’ while sitting at desk was ‘slap in face’, says cleared office worker

    Gregory Vooght was accused by the Metropolitan Police of flouting the pandemic restrictions, but told a court he was sitting at his desk working when officers arrived.

  • Jet Lands Dangerously Close to 'Planespotters' at Greek Airport

    A Wizz Air plane was captured landing eye-poppingly close to a crowd of spectators standing along a beach near Greece’s quirky Skiathos Airport on August 5, viral video shows.Footage filmed by pilot Demetrios Gregoriou shows the spectacular moment when the large aircraft, flying in from Naples, spooked tourists watching the low landing steps from the runway.In one moment, the aircraft is seen flying a few feet from a photographer’s head seconds before it lands.According to reports, the runway at Skiathos Airport is just 1,628 meters long, meaning pilots need to approach the landing much lower than at other airports. According to Euronews, the airport attracts planespotters “hoping to get closeup pictures of aircraft as they approach over the beach. It has become a go-to destination for those looking to get as close as possible to these jets as they land.” Credit: Demetrios Gregoriou via Storyful

  • Tens of thousands living with undiagnosed dementia as pandemic cuts referrals in half

    The number of people suspected of having dementia who are undergoing assessments in order to get a diagnosis has halved since the pandemic, official figures show.

  • Big bills for motorists who didn't respond to court summons

    Four drivers and car owners are facing large bills after they failed to respond to court summons and were convicted in their absence.

  • Swindon's drought status confirmed by Environment Agency

    The Environment Agency made the announcement today.

  • Tory members still prefer Johnson to Truss and Sunak by a long way

    Most Conservative Party members still prefer Boris Johnson over either of the two candidates vying to take over as prime minister, a new poll shows. In a head-to-head vote, 63% of party members chose the prime minister compared with 22% for Liz Truss, Opinium found. When asked about Mr Johnson versus Rishi Sunak, 68% went for the PM, with 19% opting for his former chancellor.

  • FBI agents took 11 sets of classified records from Trump’s estate

    Records were marked as classified and ‘top secret’

  • Onlookers Wowed by Dolphins Swimming Alongside Boat off Irish Coast

    Dolphins wowed onlookers as the animals put on a stunning display by swimming alongside a small boat off the west coast of Ireland.Footage by John FitzGerald shows the spectacular moment. He said the video was captured near the Blasket Islands on Wednesday, August 10. Credit: John FitzGerald via Storyful

  • Police Smash Car Window to Rescue Dog as Heat Wave Hits UK

    Police in England have warned residents not to leave dogs in hot cars after an officer had to smash a car window to get to a shih tzu in distress in Nottingham on Monday, August 8.Body camera footage shows police coming to the dog’s aid on the 81-degree day, and rushing the animal to the vet.“The small black shih tzu was barking and panting inside a locked car,” Nottinghamshire Police said in a statement. "The windows were left slightly open but it was not enough to prevent the dog collapsing.“Thankfully, police arrived just in time to save his life,” the department said. “They smashed the car’s window, gave him water and rushed him to a local vet in the back of a police car.”The dog’s body temperature reached 102.4 degrees Fahrenheit (39.1 Celsius) but the canine was “making a good recovery,” police said.A heat-health alert due to high temperatures was extended for another week on Friday. Credit: Nottinghamshire Police via Storyful

  • Remote Icelandic community fights to save pufflings with puffin patrols

    Residents of Heimaey, an island off the coast of Iceland, form puffin patrols to rescue chicks

  • Sizzling temperatures to end as thunderstorms hit earlier than previously forecast

    Storms are now expected to hit across Scotland from 9am on Sunday, with the heavy rain continuing into Monday, the Met Office forecasts.

  • European firefighters help fight blaze in Gironde

    Firefighters from across Europe have joined their French counterparts to help battle several wildfires, including in the south-west of the country.

  • What the papers say – August 14

    Cost-of-living concerns mix with the ghost of George Best in the Sunday splashes.

  • Police arrest man accused of shooting inside Mall of America

    Authorities say a man accused of firing shots inside the Mall of America before fleeing the suburban Minneapolis shopping complex with the help of several accomplices has been arrested in Chicago

  • Tyson Fury: Boxing legend announces second retirement on 34th birthday

    Tyson Fury has announced his second retirement from boxing after failing to entice Derek Chisora into a trilogy fight. The 34-year-old revealed he would step back into the ring and had publicly revealed he was keen to face Chisora, who he has twice beaten before. Fury turned 34 on Friday and posted a message on social media saying: "Massive thanks to everyone who had an input in my career over the years & after long hard conversations (I’ve finally) decided to walk away & on my 34th birthday I say Bon voyage."

  • Officials investigating 28 cases of E coli linked to Scots nursery

    ‘Small number’ of cases hospitalised in East Lothian

  • Will Liz Truss be the ‘war on woke’ prime minister?

    The Tory frontrunner has stoked outrage with claims of ‘creeping antisemitism’ inside government. Adam Forrest looks at whether the controvesy is a sign of things to come

  • ‘Perk’ of hybrid work threatens staff dissent

    With Scotland recording the biggest increase in home working of all the UK regions during the first quarter of this year, one recruitment expert is warning of a growing divide between the “haves” and “have-nots” of hybrid employment.

  • Sunak questions Truss’ criticism of oil and gas windfall tax

    The Tory leadership contender also insisted he is not out of the race, as many members are yet to make up their minds.

  • Gout cases surge after ‘Deliveroo lifestyle’ during lockdown

    It has long been painted as the disease of gluttonous kings.