Spencer Kimball

2 days ago | cnbc.com | Spencer Kimball

President Donald Trump has posted more than 200 times about oil prices since he joined Twitter in 2009, with his missives providing some insight on what price he prefers for crude — and it's not a good level for the U.S. shale industry. Goldman Sachs mined all of Trump's posts on Twitter, X, and his social media platform Truth Social. The bank found that Trump has called for lower oil prices 213 times and higher prices 15 times.

3 days ago | cnbc.com | Spencer Kimball

Centrus Energy is a "must-own" stock for any investor who wants to profit from the planned expansion of U.S. nuclear power to meet electricity demand from artificial intelligence data centers, according to Evercore ISI. Evercore initiated coverage of Centrus on Tuesday with the equivalent of a buy rating, giving it a 12-month price target of $145, implying upside of more than 50% from its Tuesday close at $92.57 per share.

4 days ago | cnbc.com | Spencer Kimball

FILE PHOTO: Coal moves on an overland belt from inside the newly opened Ramaco Resources Inc. Stonecoal Alma mine near Wylo, West Virginia, U.S., on Tuesday, Aug. 8, 2017. Andrew Harrer | Bloomberg | Getty ImagesA small coal miner headquartered in Kentucky could play an important role in helping the U.S. break its dependence on China for rare earth elements that are crucial for national defense.

5 days ago | cnbc.com | Spencer Kimball

U.S. Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer attend a news conference after trade talks with China in Geneva, Switzerland, May 12, 2025. Olivia Le Poidevin | ReutersCrude oil futures jumped 4% on Monday, after the U.S .and China agreed to slash tariffs, easing trade tensions between the world's two largest petroleum consumers. U.S. crude oil was up $2.52, or 4.1%, to $63.54 per barrel. Global benchmark Brent rose $2.33, or 3.65%, to $66.24 per barrel.

1 week ago | cnbc.com | Spencer Kimball

OPEC+ producers led by Saudi Arabia have launched a "slow grind" oil price war that could last for more than a year, according to Bank of America. OPEC+ has agreed to surge oil supply by 411,000 barrels per day for two consecutive months, after cutting production for years. Oil prices fell to the lowest level in four years earlier this week in response, as the supply increase has coincided with President Donald Trump's trade war.