A bullish day is looming for equities after more upbeat inflation news as producer prices fell more than expected. That’s when the clock ticks down to Wednesday’s retail sales report. But while some investors cling to hope that last week’s stock run started with last week’s weaker CPI inflation report, Wall Street remains wary, with …
WASHINGTON — The Treasury Department said ships loaded with Russian oil before Dec. 5 will not be subject to the U.S.-imposed Russian oil price cap, as Washington tries to reassure anxious oil markets about its proposed new sanctions. Beginning Dec. 5, the United States and its allies will ban US companies from providing maritime services …
US Treasury issues new guidance on Russian oil price cap in bid to calm markets Read More »
An aerial view of the Phillips 66 oil refinery in the United States. Tayfun Coskun | Anadolu Agency | Getty Images Oil prices jumped nearly 3% on Wednesday, buoyed by record U.S. crude exports and as the country’s refiners operated at higher levels than usual for this time of year. Dollar weakness added support, as …
Weak dollar and large US crude exports boost oil markets Read More »
