President Joe Biden’s national-security adviser on Wednesday said he “can’t put a date or a time on when the president will announce any given step” on U.S. policy toward Saudi Read more
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Oil loses ground after OPEC cuts forecasts for demand growth
Oil futures gave up modest gains Wednesday after the Organization of the Petroleum Exporting Countries cut its outlook for growth in crude demand in 2022 and 2023 in the face Read more
OPEC slashes forecasts for oil-demand growth in 2022, 2023
The Organization of the Petroleum Exporting Countries on Wednesday cut its estimate for growth in global demand of oil, citing an increasingly uncertain outlook for the world economy. The updated Read more
Opinion: The Fed needs to jack up interest rates a lot more to bring inflation back under control
The Federal Reserve must do more to fight inflation in an economy radically changed by the pandemic, conditions in China, the war in Ukraine. and climate change. Counterpoint: Leading indicators Read more
Biden says Saudis will face consequences over OPEC+ production-quota cut that aids Russia and harms Americans
WASHINGTON (AP) — President Joe Biden said Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for Read more
Oil prices down a second session as IMF’s world economic outlook feeds recession fears
Oil futures fell for a second day Tuesday, unwinding part of the previous week’s sharp gains scored after OPEC+ agreed to cut crude production, as a downgrade to the 2023 Read more
Oil prices tick lower after weak China data sparks demand fears
Oil futures traded lower Monday following their strongest weekly gains since March, losing ground after China data raised worries about demand from the world’s largest crude importer. Price action West Read more
Dow books 630-point drop after strong jobs data rattles investors, but stocks cement weekly gains
U.S. stocks finished sharply lower Friday, but still booked their best weekly gains in a month, after September jobs data showed an unexpected fall in the unemployment rate that’s anticipated Read more
Oil prices on track for big weekly gains after OPEC+ production cuts
Oil futures extended gains early Friday, on track for a sharp weekly bounce, after OPEC+ earlier this week agreed to a large cut in its output target. Price action West Read more
Oil up a 4th session, with Brent prices at their highest in a month after OPEC+ agrees to an output cut
Oil futures on Thursday tallied a fourth straight session climb, with global benchmark crude settling at its highest price in a month, a day after OPEC+ agreed to cut production. Read more