Oil prices erase 2022 gains as protests in China raise demand concerns

WTI is lowest since December 2021, Brent lowest since January 2022 Clashes in Shanghai as COVID protests flare up across China Investors are focusing on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell close to their year-to-date lows on Monday as street protests against strict COVID-19 restrictions in China, … Read more

Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trade levels EIA data on gasoline stocks show higher-than-expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil fell lower on Thursday as West Texas Intermediate (WTI) crude held steady, floating within sight of two-month lows as the level of a … Read more

Wall Street rises as the Fed signals a slowdown in rate hikes

Growth stocks bounce as government bond yields fall Tesla jumps as Citigroup upgrades Nordstrom falls on lowered profit forecast Dow Jones Industrial closed at its highest level since April Dow 0.28% higher, S&P 500 0.59% higher, Nasdaq 0.99% higher Nov 23 (Reuters) – Wall Street’s major indices closed with solid gains on Wednesday after the … Read more

Oil prices hit a 10-month low according to the OPEC+ production boost report

Saudi Arabia And Other OPEC Producers Looking To Increase Production -WSJ Chinese demand fears and the strong dollar are also weighing on prices LONDON, Nov 21 (Reuters) – Oil prices fell to their lowest level since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are … Read more

Wall Street is up on inflation data, but geopolitical tensions weighed on earnings

US producer prices are rising less than expected Walmart jumps on strong forecast, other retailers rise Indexes up: Dow 0.03%, S&P 0.74%, Nasdaq 1.4% Nov 15 (Reuters) – The S&P 500 and Nasdaq were higher on Tuesday but gains were cut after a report that Russian missiles entered Poland and killed two people, somewhat undermining … Read more