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News
Stubbornly Hot Inflation Raises Pressure on the Fed
2+ day, 7+ hour ago (78+ words) Prices in the U.S. economy kept rising in August, according to government data released Friday, ratcheting up the affordability squeeze on American consumers while raising pressure on the Federal Reserve to increase interest rates at its meeting next week. The consumer…...
Oil Heads for Weekly Close Above $100 as US Diesel Reaches Record High
3+ day, 6+ hour ago (471+ words) Oil prices declined on Friday but remained on course to finish the week above $100 per barrel for the first time since mid-May, while the US national average diesel price reached a record high amid disruptions to energy supplies and shipping…...
Oil prices poised to end week above $100 for first time since May
3+ day, 4+ hour ago (402+ words) Oil prices declined on Friday 11 September but remained set to end the week over $100 per barrel (bbl), marking the first weekly close at this level since mid-May. The week saw increased concerns over supply disruptions due to ongoing attacks along…...
US producer prices increase as expected in August
3+ day, 15+ hour ago (101+ words) producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The Producer Price Index for final demand rose 0....
Brent oil passes $100 on Mideast flare-up, stoking inflation fears
4+ day, 12+ hour ago (602+ words) International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities, stoking fears of price increases and interest rate hikes. The jump in crude prices -- with Brent up more than three…...
Bank of Korea to assess conditions to determine pace and timing of tightening, says board member
4+ day, 51+ min ago (33+ words) SEOUL, Sept 10 (Reuters) - A board member of the Bank of Korea said on Thursday the central bank would assess external and internal policy conditions, including the impact of the previous two rate...
Oil Prices Are Once Again on the Brink of $100
5+ day, 13+ hour ago (836+ words) Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets....
Brent Jumps Past $100 Amid Widening Middle East War
4+ day, 22+ hour ago (74+ words) Brent crude prices crossed $100 per barrel for the first time since late July as Iran attacked 10 ships near the Strait of Hormuz, deepening the ongoing Middle East conflict. Brent futures were last... Oops, something went wrong Brent Jumps Past $100 Amid…...
Iran Ready for More Intense War and Won’t Relent, Official Says
4+ day, 11+ hour ago (384+ words) Iran is ready for a more intense war and will escalate its counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official from the Islamic Republic....
Brent oil tops $100 as Middle East conflict intensifies, stoking supply fears
4+ day, 14+ hour ago (351+ words) By Tony Munroe and Alex Lawler SINGAPORE/LONDON, Sept 9 (Reuters) - Oil prices topped $100 a barrel on Wednesday for the first time in six weeks as an escalation in fighting by U.S. and Iranian forces...