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Oil prices spike on crude inventory update and Powell's rate-cut outlook
The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…
Yuheng Zhan
Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…
Filip De Mott
IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.
Yuheng Zhan
RBI sees price of India's crude oil imports at $85 a barrel in FY25
The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…
Oil supply is looking tighter and prices could climb as US production outlook gets cut in half this year, RBC commodities chief says
US oil production growth could be slashed in half this year, down from a million barrels to just 50…
Jennifer Sor
Stock market today: Dow drops 422 points as hot inflation scrambles rate outlook
Odds of a June rate cut have been slashed as the Fed looks like it will have to grapple with furthe…
Jennifer Sor
State-owned oil stocks have more juice left in the barrel
Few stocks can claim to have juice left as markets hit staggering heights as 2023 bid goodbye. Publ…
US stocks fall as investors digest impact of hot inflation data on Fed outlook
Investors this week have taken in a grab bag of economic data, including two hotter-than-expected i…
Phil Rosen
Oil prices drop further as the global demand outlook turns murky
The latest dip follows a 6% drop on Wednesday, amid concerns about lower demand and slower economic…
Phil Rosen
Oil and natural gas prices could spike 40% this year if war spreads across the Middle East, economist says
If tensions in the Middle East spiral out of control it would slow global growth and limit trade vo…
Filip De Mott
Stock market today: US stocks add to records as investors get a boost from Fed rate outlook
Markets continued to cheer the Fed's outlook for three rate cuts in 2024, adding to record highs no…
Phil Rosen
Stock market today: US stocks close at record highs after encouraging May inflation and Fed commentary
The S&P 500 closed above 5,400 for the first time as traders took in upbeat inflation data and mess…
Jennifer Sor
Stock market today: US stocks rise as Powell comments give sparse update on rate outlook
Investors were waiting on Powell's full testimony to begin later on Wednesday, but prepared remarks…
Jennifer Sor
Stock market today: US indexes fall as Fed President tempers rate-cut hopes, oil tops $90
US stocks fell Thursday as Fed rate cut hopes cooled, while oil surged before March job report.
Yuheng Zhan
Here's why oil prices have seen wild swings lately, clouding the outlook for inflation
The Israel-Hamas conflict is just the latest driver of crude prices, which have seen big swings in …
Aruni Soni
Investors see record-setting gold prices as the most overvalued in nearly 4 years amid dimming recession fears, BofA says
Surveyed investors are at their most bullish in two years, with 78% considering a global recession …
Filip De Mott
Amid market volatility, Sensex and Nifty close flat; Construction, automobile and PSU banks outperform
The stock market closed flat on Tuesday amid volatility. The benchmark index, Sensex, ended 33.48 p…
ANI
Stock market today: US stocks trade mixed ahead of key May jobs report
GameStop spiked after more activity from Keith Gill's social media accounts. Traders will parse non…
Max Adams
US stocks rise after soft retail sales data drives dovish Fed outlook
Indexes ticked higher as investors took in fresh data that showed weaker than expected retail sales…
Phil Rosen
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…