Dollar hits 5-wk high on hawkish Fed remarks China’s Sichuan extends power curbs on heatwave -Caixin China cuts lending benchmarks to revive faltering economy Western leaders discuss Iran nuclear deal Continue Reading
Oil fell at the start of the week with investors weighing the prospect for more Iranian supply as the outlook for economic growth weakens. Brent futures lost as much as Continue Reading
Hedge funds are pulling out of oil as price volatility becomes excessive. Oil trading activity has fallen to the lowest level in seven years. The volatility is even impacting other Continue Reading
Heatwaves across the globe have weighed on natural gas supplies. Countries are bracing for natural gas shortages this winter. Natural gas prices across the globe are soaring, with European prices Continue Reading
Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at Continue Reading
The price of gasoline is seemingly central to everything right now. The Fed is watching it closely, which means the stock market is watching it closely. The public is focused Continue Reading
Oil is heading for a weekly loss as lingering concerns over an economic slowdown overshadowed signs of improving US demand. West Texas Intermediate futures dropped to near $89 a barrel Continue Reading
Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut Continue Reading
Oil rose as investors weighed lingering concerns about a global economic slowdown against bullish signals from the US and OPEC. West Texas Intermediate climbed 1.1% to over $89 a barrel, Continue Reading
Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut Continue Reading
