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Retail inflation expected to breach 6% mark in October, says UBI Report

The continued spurt in food prices and fading of the high base effect likely led to a spike in Octo…

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Oil oversupply could send prices tumbling in 2025, energy analyst says

Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearl…

Jennifer Sor   


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Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says

Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions …

Jennifer Sor   


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Stock market today: Tech rally leads stocks higher as oil prices plunge and earnings kick off

The market rebounded from Monday's losing session as oil prices plunged 4% and tech stocks gained g…

Filip De Mott   


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Why oil prices have cratered to their lowest level in nearly 3 years

The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…

Matthew Fox   


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Why AI could weigh down oil prices in the next decade, according to Goldman Sachs

The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…

Kelly Cloonan   


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Oil prices surge as US rushes forces to the Middle East ahead of a possible attack by Iran

Oil prices are surging as Israel prepares for an attack from Iran after killing a Hamas leader in T…

Kelly Cloonan   


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Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says

Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estima…

Kelly Cloonan   


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Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report

The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…

ANI   


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Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much

Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.

Filip De Mott   


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How plunging oil prices could help the US avoid recession

Cheaper energy reduces cost burdens in manufacturing, construction, and agriculture, among other ec…

Filip De Mott   


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The world could see a 1970s-style oil shock amid deepening conflict in the Middle East, 'Dr. Doom' Nouriel Roubini says

An oil price shock has the potential to spark a recession or a 1970s-style stagflationary crisis, R…

Jennifer Sor   


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Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much b…

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Stock market today: Microsoft, Meta drag tech stocks lower on concerns over AI spending

Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing …

Kelly Cloonan   


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Stock market today: Indexes drop as tech shares slide before Apple, Amazon earnings

Indexes fell for a second day on Thursday as investors reacted to the latest tech earnings and dige…

Kelly Cloonan   


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Stock market today: Indexes gain after strong retail sales data

Stocks rose Thursday as investors digested strong retail sales data for September. Upbeat earnings …

Kelly Cloonan   


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Goldman trims its 2024 oil-price forecast as the US keeps pumping up supply

Strategists expect Brent crude prices to peak at $85 a barrel in June 2024, and that Saudi Arabia w…

Phil Rosen   


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Stock market today: Indexes close lower after CPI shows sticky inflation in September

Indexes slipped Thursday as investors took in higher-than-expected inflation. The latest data has s…

Kelly Cloonan   


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Stock market today: Indexes decline after inflation comes in hotter than expected

Indexes slipped Thursday as investors took in hotter-than-expected inflation data on the heels of l…

Kelly Cloonan   


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Why oil prices already at highs could surge another 10% by summer, according to BofA

Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump …

Yuheng Zhan