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Oil demand growing at slowest rate since height of pandemic, says IEA
Energy watchdog says global oil prices could continue to fall from three-year lows as supply outstrips demand
The world’s demand for oil is growing at its slowest pace since the height of the Covid-19 pandemic, causing global market prices to slump to three year-lows, the International Energy Agency has said.
The global energy watchdog used its closely watched monthly report to warn the industry that oil market prices could continue to fall as the leading producers kept pumping out more crude than the world could consume.
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MarketWatch - Business
Oil prices end higher after exploding-pagers attack on Hezbollah members in Lebanon
Oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time in an apparent attack — raising fears of a broader ...1 hour ago -
CNBC - Business
U.S. crude oil rises more than 1%, closes above $71 per barrel amid Fed rate cut optimism
The oil market is also bracing for the Fed's decision Wednesday on interest rates.2 hours ago - Federal Reserve -
The New York Times - Lifestyle
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MarketWatch - Business
History says Fed interest-rate cut sets up ‘crapshoot’ for stock-market investors
A decent rule of thumb is to watch the next two weeks after a first Federal Reserve interest-rate cut, says Jason Goepfert, senior research analyst at SentimenTrader2 hours ago - Federal Reserve -
ABC News - World
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Photo shows Thai king during Covid-19 pandemic, not directing flood relief in September 2024
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