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Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus
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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 -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.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 -
Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
Netanyahu under pressure to detail post-war plans for Gaza
Israel's Prime Minister Benjamin Netanyahu is under pressure from both the U.S. and his country's parliament to explain what will happen in Gaza after the war against Hamas.CBS News - World - Israel -
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 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 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
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