Crude prices climb to 2 month high on summer demand prospects, 5th weekly fall in U.S. oil rigs
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CNBC - Business
U.S. crude oil posts fourth straight weekly gain on solid demand outlook
U.S. inventory data shows a tightening market, with crude stocks declining by 12.2 million barrels last week. -
CNBC - Business
Oil prices hold firm as large draw on U.S. crude, gasoline inventories signal uptick in demand
Gasoline prices are averaging $3.51 per gallon ahead of the Fourth of July holiday, up about 2 cents from last week. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
The Wall Street Journal - World
U.S. Crude Oil Inventories Fall More Than Expected
Government data showed crude-oil inventories fell by 12.2 million barrels last week, much greater than the decline of 1.1 million barrels that analysts expected. Gasoline and distillate fuels fell too, as refineries raised their capacity use. -
MarketWatch - Business
Oil prices tally 4th straight weekly gain as data hint at better demand
Oil futures fell on Friday, but U.S. and global benchmark prices tallied a fourth straight weekly gain as a recent drop in U.S. crude supplies and a rise in gasoline demand helped ease some concerns over the outlook for energy demand. -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
Financial Times - Business
Oil prices rally as peak driving season gets under way
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle -
MarketWatch - Business
Gold prices settle at 1-month high as silver jumps 4%
Gold futures posted their highest settlement in about a month on Wednesday, while silver prices climbed by 4%, with both precious metals supported by weakness in the U.S. dollar and bond yields following the release of downbeat economic data. -
MarketWatch - Business
Gold and silver futures end at highest levels since May after U.S. jobs data
Gold and silver futures posted their highest settlements since May on Friday, as downbeat U.S. economic data helped put pressure on the dollar and fueled expectations for an interest-rate reduction by the Federal Reserve. -
The Wall Street Journal - World
Oil Slips After U.S. Data Points to Cooling Economy
Oil prices were weaker on a thinner trading day due to the Fourth of July holiday and despite softer-than-expected U.S. employment and business activity data fuelling optimism for future rate cuts. -
CBS News - Top stories
Putin and Xi meet for 2nd time in 2 months
Russian President Vladimir Putin and China's Xi Jinping met Wednesday for the second time in two months. Markus Garlauskas, director of the Atlantic Council's Indo-Pacific Security Initiative, joins to discuss. -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
MarketWatch - Business
Bitcoin may head towards $50,000 as Mt. Gox prepares crypto repayment
Bitcoin on Friday plunged to the lowest level in over four months.Crypto -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 99.83
The WSJ Dollar Index was down 0.2 to 99.83 — down for four consecutive trading days. -
MarketWatch - Business
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022. -
Financial Times - World
India’s ‘passion for gold’ fades as prices hover near record high
Some brides switch to artificial jewellery, although richest consumers have not been put off -
CNBC - Business
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Samsung said Friday it expects operating profit for the April to June quarter to be approximately 10.4 trillion won — a jump of about 1,452%. -
The Wall Street Journal - World
Cooler U.S. Job Creation Pushes Gold Back Toward $2,400/Oz
The June jobs report lifted gold futures toward their highest levels in nearly a month. -
The Wall Street Journal - World
Treasury Yields Fall as U.S. Jobs Growth Slows A Bit
Treasury yields extended recent losses as U.S. jobs creation cooled while the unemployment rate ticked higher. -
Inc. - Business
AI Deals Push VC Funding Total to 2-Year High
While the number of investments isn't climbing, the huge amounts of capital needed for AI development drove the quarterly figure to $55.6 billion.Artificial Intelligence -
ESPN - Sports
$25 hot dogs, sky-high ticket prices: Lack of fans shows Copa is too expensive
For years, the U.S. has been viewed as some sort of "golden goose" by world soccer. This Copa, however, has shown that there is a ceiling on what fans are willing to pay. -
The Wall Street Journal - World
Canada Unemployment Rate Continues to Climb
Hiring in Canada ground to a halt last month, pushing the unemployment rate to 6.4% and taking some of the heat out of the recent surprise acceleration in inflation ahead of the central bank’s next rate decision.Canada -
The New York Times - Top stories
This Is the Drink of the Summer Every Summer
Vibrant, refreshing pink lemonade, a circus concession turned classic, is the taste of the season. -
The Wall Street Journal - World
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market. -
The Wall Street Journal - World
New-car prices in the U.S. are on track to drop this year for the first time in more than a decade, but many buyers are stretched as higher interest rates increase financing costs.
New-car prices in the U.S. are on track to drop this year for the first time in more than a decade, but many buyers are stretched as higher interest rates increase financing costs. -
MarketWatch - Business
2-year Treasury yield ends at almost three-week low after ISM data offers signs of waning U.S. growth
Treasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020. -
The New York Times - Top stories
Iranians’ Demand for Their Leaders: Fix the Economy
In a series of interviews, virtually every resident of Tehran listed Iran’s sickly economy as the No. 1 issue for the country’s next president.Iran -
BBC News - Top stories
Where has summer gone?
It's been a return to cooler and wetter weather following late June's spell of heat. Can we expect the return of anything warmer soon? -
ESPN - Sports
Sources: NBA prospect Pate, 18, joins Capitanes
Dink Pate, who became the youngest known pro basketball player in U.S. history last year at age 17, is joining the G League's Mexico City Capitanes, sources told ESPN.NBA -
Financial Times - World
Samsung expects profits to surge on demand for AI chips
World’s largest memory chipmaker forecasts 15-fold rise in second-quarter figures -
ABC News - Top stories
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May -
CBS Sports - Sports
ACC coach rankings 2024: Clemson's Dabo Swinney remains on top as Florida State's Mike Norvell climbs
The ACC is loaded with coaches rising and falling through the middle of the power-conference coach rankingsFlorida -
The Wall Street Journal - World
The Civilizational Imperative to Wear Seersucker in Summer
Shorts and T-shirts have become our national go-to outfit, but a classic lightweight suit looks better on almost every man—and the stripes are optional. -
BBC News - Top stories
Weekly quiz: How did Dua Lipa start her Glastonbury party?
Test how closely you've been paying attention to what's been going on over the past seven days. -
ESPN - Sports
Dueling MLB mock draft: Selecting the best possible teams of 2024 prospects
We tasked our experts with creating the best team out of 2024's top prospects -- here's how they did. -
The Guardian - World
Can the climate survive the insatiable energy demands of the AI arms race?
New computing infrastructure means big tech is likely to miss emissions targets but they can’t afford to get left behind in a winner takes all market. The artificial intelligence boom has driven big tech share prices to fresh highs, but at the ...Climate -
Financial Times - World
Lib Dems return record number of MPs after Tory rout
Ed Davey’s party makes biggest gain in seats in its history, defeating two cabinet ministers -
CNBC - Business
GlobalFoundries races to find semiconductor talent as demand for chips soars
GlobalFoundries and other semiconductor companies are looking for workers as demand for chips soars, spurred by CHIPS Act funding and artificial intelligence. -
Financial Times - World
Ask a Stylist: dressing for summer events — whatever the weather
Choose clever materials that can help to regulate your body temperature