China Reenters The Oil Market As Hormuz Turmoil Drives Crude Prices Toward $110
After several months of relying on its own crude reserves, China is re-engaging with the global oil market, introducing a new layer of demand as disruptions from the ongoing war in Iran cause supplies to dwindle and prices to rise. As the leading crude importer worldwide, China had tempered global market dynamics earlier this year […]
Costco begins limiting motor oil sales as global scarcity drives up prices
Costco has started rationing its Kirkland Signature motor oil due to a global shortage of a vital ingredient used in synthetic lubricants, causing prices to spike. A 10-quart pack that used to cost around $30 is now priced at nearly $58. The retailer is limiting purchases to two packs per member every week as supplies […]
Costco Increases Motor Oil Prices and Limits Customer Purchases as the War in Iran Continues
Costco has started rationing motor oil and nearly doubled the price of its Kirkland Signature brand, responding to upheaval in global oil markets due to ongoing conflict in Iran. The cost of a two-pack of five-quart Kirkland Signature full-synthetic motor oil has surged to about $58, from approximately $30 last year, as reported by the […]
10-year Treasury yield temporarily exceeds 5% due to soaring diesel prices
On Monday, the yield on the US 10-year Treasury briefly crossed the 5% mark for the first time since 2023, driven by rising diesel prices. This surge might lead to higher borrowing costs for mortgages and auto loans. By around 3:20 p.m. ET, the yield retreated to approximately 4.967%. Additionally, the yield for the 20-year […]
Gas prices rise significantly over the past week, with diesel reaching the highest average ever recorded.
Gas and Diesel Prices Surge Amid Ongoing Conflict Gas prices have surged in the last week, increasing by more than 15 cents, with the national average now exceeding $4.31 per gallon, as reported by AAA. In a further setback for consumers, diesel prices have hit an all-time high, reaching roughly $6.23 per gallon as of […]
Forex prices for Monday, 14 September 2026
Foreign Exchange Trading Risks High risk warning: Trading in foreign exchange involves significant risk, which may not be suitable for every investor. The use of leverage can amplify both risk and potential losses. It’s crucial to think carefully about your investment goals, experience, and risk tolerance before engaging in forex trading. You could lose part […]
Trump holds Ukraine responsible for the increase in diesel fuel prices and asks Zelensky to refrain from targeting Russian refineries.
President Trump remarked on Sunday that the surge in diesel prices is linked to Ukraine’s attacks on Russian refineries, urging President Volodymyr Zelensky to put an end to these operations. “Zelensky has to do one thing — he has to stop knocking out diesel fuel in Russia,” Trump stated at his golf course in Doonbeg, […]
Dow rises by 400 points, oil prices drop as inflation figures ease concerns on Wall Street
On Friday, stocks made a significant recovery, bouncing back from much of the week’s losses as oil prices stabilized. The latest news on inflation in the US was also in line with what economists had anticipated, which helped ease market tensions. The Dow Jones Industrial Average jumped by 509.19 points, about 1%, finishing at 52,573.29. […]
Ticket prices for the 2026 US Open tennis Finals are falling quickly
Only the best remain on the court. After quite a journey through six challenging rounds, just two players are left in the Women’s Singles competition at the 2026 US Open. This Saturday, September 12, tennis fans can witness a much-anticipated showdown between the top-ranked Aryna Sabalenka from Belarus and No. 2 Elena Rybakina from Kazakhstan […]
August CPI inflation: Growth in consumer prices stayed high
Inflation Trends and Federal Reserve Considerations Inflation levels continued to stay high in August, with consumer prices reflecting persistent growth, as the Federal Reserve deliberates on a potential interest rate increase in the coming month. The Bureau of Labor Statistics (BLS) reported on Wednesday that the consumer price index (CPI)—a broad indicator of the cost […]