Oil futures pulled back Wednesday as investors awaited an official read on U.S. petroleum inventories after industry data showed a rise in crude and gasoline stocks. Meanwhile, Russian President Vladimir Read more
Tag: CLQ22
Energy and materials stocks face rough ride as commodity prices come off the boil, says economist
The energy and materials sectors might struggle the next few years as inflation and aggressive interest-rate hikes lead to a sharp global slowdown, warned an economist at Capital Economics. The Read more
Oil pulls back after Monday bounce, but U.S. prices hold above $100
Oil futures pulled back in Tuesday dealings, after posting a gain of more than 5% in the previous session, as fears of a slowdown in economic growth outweighed ongoing worries Read more
Oil prices flirt with $100, as buyers pounce after last week’s sharp selloff
U.S. oil prices moved back close to the $100-a-barrel mark on Monday, as investors took advantage of last week’s steep losses to scoop up the commodity on the view that Read more
Biden expects more Saudi oil output after meeting in Jeddah
President Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia which may help lower U.S. gasoline costs after a meeting with the country’s leaders. Biden’s Read more
Oil bounces as report dampens expectations for Saudi output rise after Biden visit
Oil futures bounced Friday, but remained on track for hefty weekly losses, after a news report said the U.S. doesn’t expect Saudi Arabia to immediately boost production during President Joe Read more
Oil prices extend slide, erasing much of the gain seen after Russia’s invasion of Ukraine
Oil futures were under renewed pressure Thursday, extending a drop below $100 a barrel and erasing a large chunk of the gains seen in the wake of Russia’s late-February invasion Read more
China’s commodities imports might be close to a bottom, but demand remains soft, says economist
China saw a sharp slowdown in its commodities imports in June as the economy saw a slow recovery from the widespread COVID-19 lockdowns, but a report from Capital Economics said Read more
Oil selloff puts crude near ‘inflection point’ as investors weigh inflation outlook
Crude oil is are near a “clear inflection point” after a selloff pulled the U.S. oil benchmark back below $100 a barrel, a technical analyst said Wednesday, leaving prices on Read more
Oil ticks higher after selloff sends crude below $100 a barrel
Oil futures ticked higher early Wednesday, bouncing modestly after a rout in the previous session that took both the U.S. and global benchmarks back below $100 a barrel. Price action Read more