Commodities
Wholesale inflation stirred up again by Iran war and high oil prices. What does it mean for the Fed?
Wholesale costs in the U.S. jumped again in August, driven by higher gasoline prices. This inflation report, the first of two, will determine whether...
Commodities
Oil prices extend gains, Brent stays above $100 a barrel on Mideast worries
Oil extended gains on Thursday, reversing earlier losses, as worries over escalating tensions in the Middle East and their impact on energy supplies drove...
Commodities
Ryanair CEO says to brace for a ‘significant uplift’ in airfares as oil prices soar
Ryanair CEO Michael O'Leary warned Thursday that airfare prices could see a significant increase if oil prices remain elevated. He said he expects pricing...
Commodities
We worry now: Oil tops $100, diesel hits record highs amid Iran war escalation
Oil prices crossed the $101 per barrel threshold on Wednesday for the first time since July, while U.S. diesel rose above $200 per barrel...
Commodities
Saved the day’: How China helped keep the lid on oil price surge as Iran war disrupted supplies
China's years of crude oil stockpiling and subsequent pullback on purchases after the Middle East war erupted in late February helped the world avoid...
Commodities
OPEC+ to pump more oil as market fears shift from shortage to glut
OPEC+ has agreed to raise oil production by 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output quotas. The...
Commodities
Trump says oil and gas prices won’t fall until ‘right after’ midterm election
President Trump said Wednesday that energy prices, elevated due to the conflict with Iran, would not drop until after the American midterm elections. He...
Commodities
The price of oil shoots upward as Trump demands tolls in the Strait of Hormuz
Brent crude oil prices surged to $86 per barrel, up 12% from $77 the day before, as traders realized the siege of the Strait...