Oil Prices Settle
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U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Martin Rowson on climate change, and the price of olive oil – cartoon
Continue reading...The Guardian - World - Climate -
Oil prices fall as traders monitor developments in Iran after president's death
Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.CNBC - Business - Iran -
Oil prices drift lower as traders fret over Fed, look for catalysts
Oil futures headed lower Tuesday, on track to notch back-to-back session losses, as traders were concerned about the outlook for crude demand as the Federal Reserve maintains higher interest rates.MarketWatch - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
Oil prices finish lower, giving up early gains seen after death of Iran’s president
Oil futures settled lower on Monday, giving up early gains that had been tied to potential risks to global crude supplies following the death of Iran’s president in a helicopter crash and concerns about the health of Saudi Arabia’s king.MarketWatch - Business -
Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts
U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.CNBC - Business -
Comex Gold, Silver Settle Lower
Gold settled 0.5% lower, snapping a two-session winning streak, and silver fell nearly 1.1%, snapping a five-session winning streak.The Wall Street Journal - World -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
Niger’s first oil exports
The west African country is on the verge of becoming a regional oil majorFinancial Times - World -
Will an antitrust settlement actually settle college sports? Lots of questions remain
A settlement worth more than $2.7 billion could be reached next week. But plenty of questions regarding implementation will remain.ESPN - Sports -
Riverside County Jail Death Lawsuit Is Settled for $7.5 Million Amid Inquiry
A violent encounter captured on video was part of a surge in jail deaths that spurred an inquiry into the Riverside County Sheriff’s Department.The New York Times - Top stories -
Wildfires rage in Canada’s oil hub
Blazes put more than 2mn barrels a day of supply at risk amid geopolitical tensions in Middle East and RussiaFinancial Times - World -
GameStop and AMC pare back gains as dust settles from Roaring Kitty-fueled meme-stock frenzy
GameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday’s gains in premarket trades Tuesday as the dust continued to settle from last week’s meme-stock frenzy.MarketWatch - Business -
Oil Falls on Concerns of Higher-for-Longer U.S. Rates
Oil prices declined as some Fed officials remain cautious on the recent easing of inflation, prompting concerns that U.S. interest rates could stay high for longer.The Wall Street Journal - World -
Biden and Big Oil Had a Truce. Now, It’s Collapsing.
Companies were enjoying record profits. But the president’s decision to pause permits for gas export terminals has whipped up industry support, and donations, for Donald Trump.The New York Times - Top stories - Joe Biden -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Food price rises 'returning to normal'
Grocery price inflation falls to its lowest since October 2021 but shoppers are still buying own-brand goods.BBC News - Top stories -
Comcast releases pricing on 'StreamSaver' bundle
Comcast has made details public on how much its planned streaming bundle will cost consumers. For $15 a month, customers will get access to Peacock, Netflix and Apple TV+, the company announced Tuesday. No annual contract will be required, and the ...The Hill - Politics -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
Dow Edges Higher With Retail Earnings in Focus
Stock indexes were mixed, with the Dow inching higher after retreating from the 40000 mark on Monday.The Wall Street Journal - World -
Crypto Astrologers See Price Moves in the Stars
They predict the ups and downs of Bitcoin based on planetary movements, and their super-secretive clientele listens.Wired - Tech - Crypto -
Target slashing prices on thousands of items this summer
Target is planning to lower prices, saying it will cut the cost of thousands of items this summer, hoping to lure customers back into stores. It comes as Americans juggle short-term needs with long-term financial goals. CBS News business analyst ...CBS News - Top stories -
Chevron to sell UK North Sea assets as it exits ageing oil basin
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in regionFinancial Times - Business - United Kingdom -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Texas barge crash spills "environmentally toxic" oil into water
The barge was carrying vacuum gas oil, which has been linked to skin cancer and lung issues and is considered "environmentally toxic."CBS News - Top stories -
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Latest Houthi strike in Red Sea hits oil tanker: US officials
The latest attack by Yemen's Houthi rebels in the Red Sea struck a Greek-owned and operated oil tanker with a ballistic missile early Saturday, according to U.S. officials. The Iranian-backed group hit the oil tanker Wind at around 1 a.m. local ...The Hill - Politics -
Green activists push Biden to freeze ‘disastrous’ deepwater oil export rigs
Sensing election-year traction, coalition of 20 environmental groups also demand entrenchment of pause in gas-export licences. Joe Biden’s administration is coming under renewed pressure to escalate its curbs on the US’s booming trade in fossil ...The Guardian - World - Joe Biden -
Climate victims file criminal case against bosses of oil firm Total
Case alleges French company’s exploitation of fossil fuel contributed to deaths of victims in extreme weather disasters. A criminal case has been filed against the CEO and directors of the French oil company TotalEnergies, alleging its fossil fuel ...The Guardian - World - Climate -
UK and Finland discuss further efforts to stop Russia’s shadow oil fleet
Third parties could be required to do more to block tankers from operating in Baltic and the Channel. Russia-Ukraine war – latest news updatesBritain and Finland are discussing plans to require third parties to do more to block the Russian shadow ...The Guardian - World - United Kingdom