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Dow Jones futures remain pressured as surging Treasury yields and $100 crude oil weigh on equity markets ahead of expected Fed rate hikes. Despite the broader market weakness following a tough week, …
Oil prices dropped over 2% as diplomatic efforts eased Strait of Hormuz supply concerns. Gold also slipped, while the US dollar rose 0.2% against the Canadian dollar to 1.3864, even as Canadian house…
Energy stocks traded mixed late Friday as WTI and Brent crude futures fell nearly 2% to 2.6%. However, Chevron's CEO cautioned that depleted global oil buffers could drive crude prices higher over th…
Chevron CEO Mike Wirth warned that global oil buffers preventing price spikes are exhausted, tilting crude risks upward. The IEA confirmed global inventories plunged by 95 million barrels in August a…
European equities climbed on Friday, buoyed by declining crude oil prices and a surprise 0.4% expansion in UK July GDP against flat expectations. Germany's DAX rallied 0.8%, while corporate activity …
Energy stocks and crude benchmarks slid in premarket trading Friday. Front-month WTI dropped 3.8% to $98.57 per barrel and Brent fell 3.4% to $103.94, weighing heavily on broader energy sector ETFs a…
August CPI data will critically influence the Fed's next rate decision. Ahead of the release, S&P 500 futures gained while crude oil prices retreated from $100 following reports of diplomatic talks b…
S&P 500 futures advanced ahead of the critical August CPI report, supported by strong Oracle earnings and an oil pullback. Crude eased from above $100 per barrel amid potential diplomatic discussions…
European stock indices climbed midday Friday as Brent crude dropped over 3% following IEA demand downgrades. Easing oil prices provided relief from inflation pressures, lifting bank shares and pushin…
Brent crude tumbled nearly 4% below $105 as Iran and Gulf states planned diplomatic talks in Oman regarding Strait of Hormuz shipping. Additionally, the IEA and OPEC slashed long-term global oil dema…
US stock futures advanced Friday as crude oil pulled back and Treasury yields softened ahead of the crucial August CPI report. Markets are closely watching the inflation figures, which will heavily i…
WTI crude slid over 2% after the IEA warned that high prices will trigger the largest drop in oil demand since the pandemic. Meanwhile, US CPI data raised odds for a Federal Reserve rate hike, while …
U.S. stock futures edged higher ahead of crucial August CPI data, following hot PPI figures and climbing Treasury yields. Tech stocks saw mixed premarket action: Nvidia advanced on partnership news, …
Oil prices declined sharply, with WTI dropping 2.8% below $100 a barrel following reports of diplomatic efforts to secure shipping arrangements with Iran. The news triggered profit-taking and eased i…
WTI crude slipped 1.4% to $101.02 but remains on track for a 10% weekly gain. Despite an intraday pullback and upcoming diplomatic talks regarding Strait of Hormuz shipping, escalating threats to Sau…
Higher crude oil prices and a sovereign bond sell-off pushed equity markets lower as investors adopted a cautious stance ahead of the upcoming CPI inflation report.
US mortgage rates surpassed 7% to reach a year-high of 7.07%, driven by surging oil prices, Iran tensions, and hotter-than-expected PPI inflation data. The rate surge pushed August existing home sale…
Carnival and peer cruise stocks tumbled up to 22% over the past month as surging WTI crude prices, topping $101 per barrel, squeezed operator margins. Despite strong booking demand and solid Q2 earni…
U.S. stock indices dropped as Treasury yields surged following wholesale price data. Escalating Middle East tensions, marked by U.S. forces destroying five Iranian crude tankers, kept oil prices abov…
The EIA raised diesel price forecasts, citing critically low distillate inventories below 100 million barrels—a multi-decade low. Ongoing Middle East disruptions shut in 6.7 million barrels per day i…