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U.S. equities declined at the close on Friday, with losses in the Dow Jones Consumer Goods, Dow Jones Oil & Gas, and Dow Jones Technology sectors driving shares lower. At the NYSE close, the Dow Jones Industrial Average fell 0.93%, the S&P 500 index dropped 0.71%, and the NASDAQ Composite index decreased 0.78%.
The cost of jet fuel is a major factor in determining the price of airline tickets. Jet fuel, also known as aviation turbine fuel, is a type of kerosene-based fuel that is used to power jet engines.
Read MoreOil spills are one of the most devastating environmental disasters that can occur in marine and coastal ecosystems. These spills can have a catastrophic impact on the delicate balance of these ecosystems, causing long-term damage to the wildlife that calls them home.
Read MoreAlberta is grappling with a surge in wildfires fueled by hot and dry weather, endangering more than 400,000 barrels per day (bpd) of oil sands production.
Read MoreJapan plans to boost jet fuel production and imports to meet rising demand from flights amid a surge in tourism, according to a draft government plan presented on Tuesday.
Read MoreIn a strategic move aimed at addressing soaring fuel costs in the United States, Ford Oil Corporation has inked a significant contract with Boskra Crude, an Iraqi crude supplier. The deal, announced yesterday by Ford Oil's executives, marks a pivotal moment for the 5-year-old corporation as it looks to bolster its presence in the global energy market.
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