Oil, gasoline prices face a slump
Get the latest news from The Hill here {beacon} Energy and Environment Energy and Environment Full text Judge sides with Illinois attorney general in lawsuit over water use at Trump Tower in Chicago A Chicago judge ruled this week that Trump Tower in Chicago violates Illinois environmental laws by using water from the Chicago […]
Oil prices up over 1% on US hurricane impact concerns By Reuters – Investing.com
Arunima Kumar (Reuters) – Oil prices rose about 2 percent on Thursday as they continued to rebound on concerns over the impact of Hurricane Francine on U.S. production, but a gloomy demand outlook capped gains. November futures were up $1.24, or 1.8 percent, at $71.85 a barrel as of 1008 GMT, while October futures were […]
Gold prices rise, keep record highs in sight amid bets on smaller rate cut – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, remaining near record highs as traders bet the metal will still benefit from a low interest rate environment. But expectations of a big rate cut from the Federal Reserve have plummeted after August core CPI inflation data came in better than expected. Traders were likely […]
Gas prices slump, marking possible good news for Harris
Crude oil prices hit a three-year low this week, a milestone that comes after gasoline prices have fallen for six consecutive weeks. The decline has little to do with direct intervention by the Biden administration and is largely the result of a confluence of economic factors, but it could provide a positive headwind for VP […]
How Hurricane Francine moving through the oil-rich Gulf of Mexico could affect gas prices
As Tropical Storm Francine heads toward the United States, many drivers may be worried about what the storm will mean for their gas tanks and their wallets. At least when it comes to tropical storms and hurricanes, gas prices and gas supplies have a lot to do with whether the storm affects oil refineries. Nearly […]
Oil Prices Fall 3% Without Real Change in Fundamentals – OilPrice.com
Julian Geiger – September 10, 2024, 10:18 AM WTI crude oil was down 3.78% to $66.11 per barrel on Tuesday morning. Brent crude prices fell below $70 a barrel for the first time since 2021. The fundamentals have not changed enough to justify a big price drop. Oil prices fell again […]
Oil Prices Tumble as Traders Turn Bearish – OilPrice.com
Rising global crude supplies and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other asset managers accelerated selling of the most-traded oil futures contracts in the latest reporting week that ended Sept. 3. Portfolio managers cut their overall net long positions — the difference between bullish and bearish bets — […]
Silver (XAG) Forecast: Will the CPI Report Spark a Rebound in Silver Prices? – FX Empire
Daily Silver (XAG/USD)US jobs report causes uncertainty A major factor behind the decline in silver prices was mixed US labor market data, leaving traders uncertain about the Federal Reserve's (Fed) next move. The August nonfarm payrolls report showed employment increased by 142,000, below the expected 160,000, and July's figure was revised down to 89,000. Meanwhile, […]
Bitcoin Prices Plunge Below $53,000 As Multiple Factors Fuel Losses – Forbes
Bitcoin price approached $52,000 early today (Photo: Chesnot/Getty Images) Getty Images Bitcoin prices fell sharply today, dropping nearly 8% in less than 24 hours as the market reacted to several bearish factors, including lackluster employment data. The world's most famous digital currency fell to a low of $52,530 around 5pm ET. Coinbase Data Offered by […]
Tim Walz Ignores Question on How He and Harris Will Lower Prices
Minnesota Gov. Tim Walz, a Democrat, ignored questions about how he and Vice President Kamala Harris would lower prices. The video, shared by the Trump War Room, shows Waltz sitting among the crowd, with one person heard asking, “What is your administration going to do about lowering prices?”, before adding, “Can you answer a question […]