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US stocks fell and oil prices climbed, as concerns about rising commodity prices and uncertain progress in cease-fire talks between Russia and Ukraine weighed on investors. The S&P 500 slipped 0.2% in early trading Wednesday, while the tech-focused Nasdaq Composite Index lost 0.2%. The Dow Jones Industrial Average was recently down less than 0.1%. On […]
US oil refiners are once again making good money, but investors aren’t quite piling into the shares. They should be, a top energy analyst tells me. The profit boom could last through the end of the decade, helped by a price mishap that won’t be easy to fix: the giant premium Europe must pay for […]
President Vladimir Putin’s war in Ukraine, and the wave of Western sanctions in response, is starting to hit Russia’s economic engine: Its prodigious oil-and-gas industry. The US and Canada have barred the little Russian oil they import, while the European Union is considering a ban. But for the most part, Western sanctions have so far […]
Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 […]
Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 […]
The price action has been nothing short of breathtaking — oil has swung by $55 a barrel this year. On Thursday alone, it surged by more than 7% after peace negotiations stalled in Ukraine and billionaire Warren Buffett boosted his stake in a high-flying US oil company. Early on March 17, West Texas crude oil […]
US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]
US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]
The sting of gasoline prices above $4 a gallon leaves some Americans rethinking their driving options, and just how aggressively they burn gas while driving. For some drivers, the double-edged sword of rising inflation after the worst days of the COVID-19 pandemic and Russia’s war in Ukraine leading to a spike in gas prices has […]
The sting of gasoline prices above $4 a gallon leaves some Americans rethinking their driving options, and just how aggressively they burn gas while driving. For some drivers, the double-edged sword of rising inflation after the worst days of the COVID-19 pandemic and Russia’s war in Ukraine leading to a spike in gas prices has […]
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