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Global oil prices fall for fourth straight session, with demand and Middle East risks in focus
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Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.CNBC - Business -
Oil prices ends lower as weekly U.S. crude supplies rise by over 7 million barrels
Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.MarketWatch - Business -
US includes Chinese groups in sanctions over aid to Russian military
Latest measures come as Washington steps up support for UkraineFinancial Times - Business - Russia -
Fed chair Powell signals that rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - Business - Federal Reserve -
How shale rewrote the global oil order
What’s keeping oil prices from jumping higher?Financial Times - World -
European carmakers struggle with falling demand
Industry faces headwinds including price wars and higher interest rates that have put off consumersFinancial Times - Business - Europe -
Natural Gas Falls on Weak Demand
U.S. natural gas futures settled lower with soft demand and the hefty storage overhang weighing on the market despite lower U.S. production.The Wall Street Journal - World -
Middle East Crisis: Hamas Resists Israel’s Latest Cease-Fire Offer
The U.S. secretary of state is on a tour of the Middle East to press for a cease-fire deal, but a Hamas spokesman said the group could not accept the latest Israeli proposal without changes.The New York Times - World - Israel -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage
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