World

Oil prices were sharply lower on Wednesday after official government figures showed U.S. crude stockpiles rose last week, contradicting an earlier industry report that suggested inventories had dropped. U.S. West Texas Intermediate (WTI) crude futures fell $2.07, or 3.3 percent, to $61.32 a barrel by 1:53 p.m. ET. The contract …

The United States is on pace to export more energy products than it imports by 2022 as oil and natural gas production from the nation’s shale fields keep booming and domestic energy demand remains fairly tepid, according the Department of Energy’s statistics arm. The country will achieve the feat as …

Asad Zaidi | Bloomberg | Getty Images A car travels past a Careem Inc. cafe on Murree Road in Rawalpindi, Pakistan, on Tuesday, Dec. 12, 2017. Careem, Uber’s rival in the Middle East, will eventually go public, but not at this time, Magnus Olsson, co-founder of the ride-hailing service, has …

Alet Pretorius | Gallo Images | Getty Images Cyril Ramaphosa gives his first speech as president of the African National Congress on December 20, 2017, in Soweto, South Africa. African National Congress (ANC) leader Cyril Ramaphosa said Wednesday he is holding direct talks with Jacob Zuma over a transition of …

Pacal Pavani | AFP | Getty Images An ATR 42-72 of French low-cost Hop! airline company flies after taking off from the Toulouse-Blagnac airport, near Toulouse, on October 19, 2017. The Toulouse-based company — a joint partnership between Airbus and Leonardo — said that it predicted sales of over 1,000 …

Disney Chairman and CEO Bob Iger told CNBC’s “Closing Bell” that the company will price ESPN Plus, the company’s first direct-to-consumer streaming service, at $4.99 per month. That product will roll out with the relaunch of the ESPN app this spring, Iger said. Iger said ESPN Plus will offer “an …

Anton Vaganov | Reuters People attend a ceremony to float out the nuclear-powered icebreaker “Sibir” (Siberia), which is under construction, at the Baltic Shipyard in St. Petersburg, Russia September 22, 2017. Energy resources will likely remain the driver of major investments in the Arctic for the foreseeable future, but for …

Stocks appear to be trying to trying to find a bottom after the worst sell-off in two years. The market staged a ‘turnaround Tuesday’ rally after a steep opening sell-off, but the initial gains did not last and the S&P 500 continues to trade back and forth between positive and …

Wikus de Wet | AFP | Getty Images South African President Jacob Zuma speaks in Johannesburg, South Africa, on December 15, 2017, on the eve of the ANC’s 54th National Conference. South African markets tanked Tuesday afternoon, with the Johannesburg Top 40 index trading over 2.7 percent lower on the …

China Daily | Reuters The first C919 passenger jet made by the Commercial Aircraft Corporation of China (Comac) is pulled out next to a Chinese national flag during a news conference at the company’s factory in Shanghai, Nov. 2, 2015. The manufacturer of China’s first homegrown passenger jet is targeting …