Oil prices fluctuated on Tuesday as investors continued to monitor the ongoing U.S. debt ceiling negotiations. U.S. House Speaker Kevin McCarthy revealed that while he and President Joe Biden engaged in a production discussion, an agreement between Democrats and Republicans is yet to be reached.
West Texas Intermediate traded near...
Oil edged higher on Wednesday as traders await the latest developments from the U.S. government's debt ceiling discussions. In addition, investors continue to monitor demand coming out of China as well as U.S. stockpile levels.
West Texas Intermediate—the U.S. benchmark—erased earlier losses while rising above the previous session's close. This...
Oil fell below $70 per barrel on Wednesday, extending its losses concerns over an impending recession and sustained banking instability continue to hamper market sentiment.
Crude futures fell in New York to their lowest levels since March, while banking stocks including PacWest Bancorp and Western Alliance Bancorp declined during premarket...
Streaming giant Netflix is set to release its first-quarter earnings after the opening bell on Tuesday, thereby providing answers regarding pressing subjects such as the company's recently launched ad-supported tier and its crackdown on password sharing.
According to Bloomberg consensus estimates, Netflix is expected to report quarterly revenue of $8.18...
Oil extended its rally on Wednesday as a further decline in U.S. inventories added to the effects of the recent OPEC+ decision to cut output by 1.16 million barrels per day.
West Texas Intermediate was up to more than $81 a barrel after closing at its highest level in...
Oil pushed higher on Wednesday as data from China and India boosted investor outlook. The rise in Chinese factory activity has boosted oil demand from the world's largest crude importer, thereby offsetting concerns about high U.S. oil reserves.
The news was positive in India as well, where domestic refined...
The price of gold rose above $1810 per ounce on Tuesday morning, thereby contributing to an increase of over 8% this fiscal quarter. According to U.S. economic data, this rise is largely driven by the weakening of the U.S. dollar as well as the recent inflation cooldown and slower...
European Union member states are racing to reach an agreement on a plan to cap natural gas prices in time to deal with the cold winter months. After months of discussions, the bloc has been unable to reach an agreement.
In an effort to reach a consensus, energy ministers descended...
Oil prices continued to rise following news of another large decline in the volume of US crude inventories. The American Petroleum Institute reported a decline of 6.53 million barrels in crude stockpiles last week.
Following this news, West Texas Intermediate futures rose by approximately 2% to $89 per barrel. Aside...
Natural gas prices in the Permian Basin of West Texas are rushing toward zero following a production surge that is currently overwhelming pipeline networks and consequently creating a regional oversupply. Gas from the Waha area of the Permian basin traded at as little as 20 cents to 70 cents...