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..
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
Broadcom Inc., up $8.19 to $317.08
The chipmaker reported solid fiscal second quarter profits and beat Wall Street's.. SeattlePI.com - Published
· *US equities spiked on Friday after the Bureau of Labor Statistics announced an unexpected decline in unemployment and net job creation in May.*
· *The nation's unemployment rate dropped to.. Business Insider - Published
The recent move by China to pass a national security law in Hong Kong has reignited tensions between Washington and Beijing. Those tensions are now threatening over $52 billion in energy sales and have.. OilPrice.com - Published
WTI Crude prices may be set for a 90-percent jump to $70 a barrel by the fall as U.S. oil producers may have “over-cut” production, Dan Eberhart, chief executive of Canary Drilling Services, told.. OilPrice.com - Published
Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts. Reuters India - Published Also reported by •Reuters
Oil prices rallied early on Friday as the market expects a weekend meeting of OPEC and its Russia-led allies to roll over the current levels of the OPEC+ production cuts by another month after June. As.. OilPrice.com - Published Also reported by •Reuters
· OPEC+ countries will meet this weekend to finalize extending production cuts until July at least, OPEC delegates said.
· Oil spiked on the news, with Brent crude, the international benchmark, up.. Business Insider - Published
Here's what you need to know before markets open.
1. *Global stocks rise as investors digest the ECB's huge new stimulus package and await US jobs data*. Oil prices rose as the OPEC+ may end up.. Business Insider - Published
Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves.. Reuters India - Published Also reported by •Reuters
· Most global stocks are green on Friday as they digest a bigger than expected ECB stimulus package of $676 billion to fight COVID-19.
· The S&P 500 and the NASDAQ closed lower on Thursday the.. Business Insider - Published
U.K. stocks rose sharply on Friday as energy stocks tracked oil prices higher after reports that OPEC+ leaders Russia and Saudi Arabia have clinched a tentative deal to extend record production curbs.. RTTNews - Published
Oil prices nudged higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts. Reuters India - Published Also reported by •Reuters
European supermajors have been all but shouting about it: they are diversifying into renewable energy, and they will all be net-zero companies by 2050, in line with Paris Agreement targets. But who.. OilPrice.com - Published
Saudi Arabia is looking to boost its non-oil revenues while its oil revenue is taking a hit in the low oil prices and is raising customs duties on hundreds of imported products as of June 10. The.. OilPrice.com - Published
WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those rooting for higher oil.. OilPrice.com - Published
Exxon will likely make the final investment decision for its Mozambique LNG project next year, Reuters reports, citing the country’s National Petroleum Institute. The supermajor postponed the FID on.. OilPrice.com - Published
Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported.. Reuters - Published
When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a swift drop in U.S. output. Reuters - Published
Brent Crude prices broke above $40 a barrel early on Wednesday, surpassing that threshold for the first time since Saudi Arabia and Russia broke up the previous OPEC+ pact on March 6 and started an oil.. OilPrice.com - Published
Post-pandemic buying decisions may be influenced by many factors, which might impact EVs
It’s a sad truth that the environment suffers in good times and bad. The latter because there’s less.. Autocar - Published
Shale drillers are bringing some shuttered oil production back online as the glut eases. The total amount of shut-in production in the Bakken stood at 475,000 bpd on May 28, a total that was 7.. OilPrice.com - Published
The American Petroleum Institute (API) estimated on Tuesday a small crude oil inventory draw of 483,000 barrels for the week ending May 29. Analysts had predicted an inventory build of 3.038 million.. OilPrice.com - Published
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil.. Reuters - Published
Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and.. Reuters - Published
Oil prices climb ahead of highly-anticipated OPEC+ meeting. Chart of the Week- The U.S. only sold 729,000 vehicles in the month of April, the lowest since early 2010.- Car sales were down.. OilPrice.com - Published
Oil prices rose early on Tuesday as market participants hope that the OPEC+ group may decide in the coming days to roll over for a month or two the current level of production cuts beyond June to.. OilPrice.com - Published