The Standard & Poor’s 500 Index rose to another record and Treasuries fell amid improving U.S. consumer confidence and speculation the Federal Reserve will continue to support the economy. The euro strengthened after data showed faster-than-estimated inflation.
U.S. stocks rose to a record, capping the best month since October, as improving consumer confidence and speculation that the Federal Reserve will support the economy offset concern over escalating conflict in Ukraine.
SandRidge Energy Inc., the U.S. crude producer that ousted its founder Tom Ward in June, received a subpoena in December as part of a probe into potential antitrust violations during the purchase or lease of land, oil or natural gas rights.
As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. They had to look 4,000 miles away to more-expensive heating fuel from Europe.
A creeping Kremlin takeover of Crimea by ostensibly local ethnic Russian forces is more likely than a military assault on all or parts of Ukraine, U.S. and European intelligence officials and analysts said.
Petroleo Brasileiro SA, South America’s second-largest buyer of liquefied natural gas, is set to boost imports as much as 31 percent to supply thermal plants as Brazil’s record drought causes hydro-dams to dry out.
Russian stocks headed for a second week of declines and the ruble slumped as OAO Mechel, the nation’s biggest coking-coal producer, fell to a record and tension with neighboring Ukraine showed little sign of abating.