Britain's inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices, bolstering the prospect of more Bank..
In today's Financial Focus, we have a check of the stock market and the stocks with ties to Las Vegas. Gas prices are slowing increasing as states start to reopen amid the pandemic. Bike sales are on..
Credit: KTNV Channel 13 Las Vegas Duration: 01:10Published
Reuters reports oil prices opened about 1% lower on Sunday. A persistent glut has continued to drive down prices.
Analysts say North America is battling a severe shortage of storage capacity, and that..
Vladimir Putin's approval ratings have dipped because of the fallout from the novel coronavirus crisis, according to a poll. But support for him changing the constitution so he can rule for longer has..
Equity benchmark indices were in the positive terrain during early hours on Wednesday as Asian markets treaded cautiously ahead of the US Federal Reserve policy decision. Oil prices, meanwhile, jumped..
Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price..
With highways empty and flights grounded, the oil industry has been suffering. Prices fell below zero in North America in April. HuffPost senior business editor Daniel Tencer tells us if they’ll ever..
Reuters reports US energy companies are scrambling for cash and face likely restructuring. Shale producers, refiners and pipeline companies are struggling under heavy debt loads amid the worst crisis..
The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts.. OilPrice.com - Published
Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries that China's new Hong Kong security law could.. Reuters - Published
Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders also worried that China's new Hong Kong.. Reuters India - Published Also reported by •Reuters
The relationship between gold and oil prices have turned upside down. They've gone in opposite directions. Should you buy gold stocks now?
The post Relationship Between Gold and Oil Prices: Why.. Motley Fool - Published
WASHINGTON (AP) — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy.
The Commerce Department said Thursday.. SeattlePI.com - Published
The Energy Information poured cold water on oil bull circles this week when it reported a crude oil inventory increase of 7.9 million barrels for the week to May 22. Fuel inventories posted mixed.. OilPrice.com - Published
Oil traded flat on Thursday morning following yesterday’s correction driven by Saudi Arabia and other OPEC members signaling that they are considering extending the huge output cuts until the end of.. OilPrice.com - Published
Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus.. Reuters India - Published Also reported by •Reuters
S&P/ASX 200 (INDEXASX:XJO) finished 76 points or 1.32% higher today at 5851 - touching a new 11-week high in the process. The market broke through the 5900 barrier for the first time since March 11 but.. Proactive Investors - Published
Oil prices plunged on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries begin to ease their way.. Reuters - Published Also reported by •Reuters India
MELBOURNE: Oil prices fell in early trade on Thursday after US crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus.. WorldNews - Published Also reported by •Reuters India
NEW YORK, May 27 (Xinhua) -- Oil prices retreated on Wednesday as volatile trading continued on the energy market amid the COVID-19 crisis. The West Texas Intermediate (WTI) for July delivery... WorldNews - Published
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy. Reuters India - Published
Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia's relationship with top importer India improves, industry regulator the Malaysian.. Reuters India - Published
Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative.. Reuters India - Published
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. Reuters India - Published
Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as.. Reuters India - Published
Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as.. Reuters India - Published
Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. Reuters India - Published
Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset.. Reuters India - Published
Oil prices rose on Monday, erasing earlier losses, as countries around the world continued to ease lockdown measures imposed to combat the coronavirus pandemic, boosting hopes for a recovery in fuel.. Reuters India - Published
Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them. Reuters India - Published
Oil prices tumbled and global equity markets fell on Friday as China's move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects. Reuters India - Published
Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic will overshadow.. Reuters India - Published
Oil prices slumped on Friday after China's decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in.. Reuters India - Published
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were.. Reuters India - Published
United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years as the oil-producing economy is hit by a "triple whammy" of a slump in oil prices, lower economic.. Reuters India - Published
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries couldn't stop oil prices from marching to a.. Reuters India - Published
Oil prices rose on Thursday to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, offsetting fears over the.. Reuters India - Published
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers.. Reuters India - Published
Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic.. Reuters India - Published