Commodities

Oil prices rallied Monday as production cuts took hold and states pressed ahead with reopening their economies.

The month of May begins what can be a ho-hum period for stocks.

Shell said it would reduce its quarterly dividend by two-thirds to 16 cents per share

CME Group says negative oil prices were the result of “oversupply, reduced demand and increasingly full U.S. storage.”

Oil prices got a boost as American Petroleum Institute data showed a smaller-than-expected inventory build while trials of a coronavirus treatemnt yielded promising data.

Starbucks, Ford, Google set to report results Tuesday after the bell.

'Stay-at-home' orders issued by governments worldwide to slow the spread of COVID-19 have gutted global crude demand.

West Texas Intermediate crude oil plunged Monday as bloated supplies have storage capacity nearing its limit.

3M, Apple and Amazon will dominate the week's earnings.

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic.

The company said it plans to cut $800 million, or about 30%, of its planned capital expenditures for the year.

Continental Resources has reportedly stopped most production in the Bakken shale field.

The oil market has come under siege this year as ballooning supplies exacerbated by the price war between Russia and Saudi Arabia hit the market at the same time that government responses to COVID-19 has destroyed demand.

Even with a Trump-brokered deal, oil prices have slumped to historic lows.

Gold will climb 74 percent over the next 18 months, Bank of America predicts.

West Texas Intermediate crude oil, the U.S. benchmark, gained 32 percent to $15.29 a barrel after having fallen to an overnight low of $10.26.

CME Group switched its options pricing and valuation model to accommodate negative oil prices.

While some U.S. states have announced plans to begin reopening, others have extended “stay-at-home” orders until at least the middle of May, keeping demand at significantly depressed levels -- and prices low.

Oil's collapse is now on the Treasury Dept.'s radar.

Monday's plunge in May-delivery prices was prompted partly by a selloff among traders speculating on oil prices who needed to dump their holdings before the contract's expiration required them to take delivery of the crude.