Oil prices flat as markets await more economic cues; US inventories shrink
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April 26, 2024 7:03 AM EDT
Colgate-Palmolive (NYSE: CL) shares climbed 3% following the release of their first-quarter earnings, which surpassed analyst expectations. The company reported an adjusted EPS of $0.86, which was $0.05 higher than the consensus estimate of $0.81. Revenue for the quarter was also above expectations at $5.07 billion, compared to the estimated $4.96 billion.
The company's net sales saw a 6.2% increase, and organic sales grew by 9.8%, signaling robust performance across all divisions and categories. This... More
April 25, 2024 8:53 AM EDT
Recent trends in the natural gas market suggest a potential moderation in Henry Hub prices, according to insights from Goldman Sachs. Henry Hub is a natural gas pipeline located in Erath, Louisiana. It serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX).
Goldman Sachs explains that despite US gas production slightly lagging behind expectations, particularly in the Gulf region, a combination of factors, including maintenance activities, well shut-ins, and production declines driven by low investments have influenced market... More
