Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere.
Oil prices were steady on Tuesday, erasing gains earlier in the session, as rising coronavirus cases dampened the outlook for demand and countered optimism over more U.S. stimulus.
Oil edged up on Friday as the dollar fell to an almost two-year low, although demand concerns stemming from rising coronavirus cases and U.S.-China tensions kept a lid on prices.
Largest US battery resource connects to CAISO grid, signaling next phase in California’s storage growth
Jason Burwen, vice president of policy at the Energy Storage Association, said in a statement that the announcement reflects the relentless movement of energy storage into mainstream electric system operations. "It's also important to note that this project is a standalone battery storage system. While there can be benefits to integrating storage directly with generation
"He's got this whole thing going on with solar and with energy that we don't talk about enough," CNBC's Jim Cramer said.