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Wall Street Hit By Walmart Wipeout, Gas Supply Cut Concerns Knock Europe
World shares skidded and bond markets rallied on Tuesday as some disappointing earnings, the prospect of another super-sized US interest rate hike this week, and Europe's looming gas crisis all kept investors on edge.
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"Operation Fly Formula": US' Plan To Bridge The Gap Amid Supply Crisis
The US government will fly in baby formula on commercial planes contracted by the military in an airlift aimed at easing the major shortage plaguing the country, the White House said on Wednesday.
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Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
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Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
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Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
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Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
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Brent Oil A Whisker Above $100 Per barrel As Crude Markets Extend Losses After Second Straight Weekly Decline
Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.
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Crude Markets Mark Second Straight Weekly Decline On Supply Boost
Global crude markets fell for the second straight week on supply boost after announcement of release of oil from strategic reserves even as the wild gyrations in the benchmark futures were the most since the middle of 2020.
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Oil Rises To Near $108, Paring Early Losses, On New Russian Sanctions' Threat
Oil prices rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and China's extended lockdown.
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Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
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Oil Prices Rise Over 1% To Near $109 A Barrel On More Russia Sanctions
Crude oil prices extended their gains to near $109 a barrel early on Tuesday as the focus remains on supply concerns, driven by expectations for more sanctions on Moscow following the US' decision to build a case against Russia for war crimes in Ukraine.
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Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
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Oil Prices Extend Losses After 13% Fall last Week; Biggest In 2 Years
Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.
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Oil Falls To $104, On Course For Biggest Weekly Losses In 2 Years
Oil prices dipped in and out of the negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a supply boost by the US.
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Oil Prices Range-Bound, But On Course For Worst Week In Two Years
Crude oil prices traded in a narrow range early on Friday, oscillating between the optimism of a supply boost from the US and investors' fears about the impact of Russia's demand for rouble gas payments starting from today.
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Wall Street Hit By Walmart Wipeout, Gas Supply Cut Concerns Knock Europe
World shares skidded and bond markets rallied on Tuesday as some disappointing earnings, the prospect of another super-sized US interest rate hike this week, and Europe's looming gas crisis all kept investors on edge.
-
"Operation Fly Formula": US' Plan To Bridge The Gap Amid Supply Crisis
The US government will fly in baby formula on commercial planes contracted by the military in an airlift aimed at easing the major shortage plaguing the country, the White House said on Wednesday.
-
Ford Reportedly Sells $214 Million Worth of Its Shares in Electric Truck Maker Rivian
Ford Motor has sold eight million shares of electric-car maker Rivian Automotive for $214 million, or $26.80 apiece, the US automaker said in a filing. Rivian is said to be struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants.
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Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
-
Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
-
Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
-
Brent Oil A Whisker Above $100 Per barrel As Crude Markets Extend Losses After Second Straight Weekly Decline
Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.
-
Crude Markets Mark Second Straight Weekly Decline On Supply Boost
Global crude markets fell for the second straight week on supply boost after announcement of release of oil from strategic reserves even as the wild gyrations in the benchmark futures were the most since the middle of 2020.
-
Oil Rises To Near $108, Paring Early Losses, On New Russian Sanctions' Threat
Oil prices rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and China's extended lockdown.
-
Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
-
Oil Prices Rise Over 1% To Near $109 A Barrel On More Russia Sanctions
Crude oil prices extended their gains to near $109 a barrel early on Tuesday as the focus remains on supply concerns, driven by expectations for more sanctions on Moscow following the US' decision to build a case against Russia for war crimes in Ukraine.
-
Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
-
Oil Prices Extend Losses After 13% Fall last Week; Biggest In 2 Years
Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.
-
Oil Falls To $104, On Course For Biggest Weekly Losses In 2 Years
Oil prices dipped in and out of the negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a supply boost by the US.
-
Oil Prices Range-Bound, But On Course For Worst Week In Two Years
Crude oil prices traded in a narrow range early on Friday, oscillating between the optimism of a supply boost from the US and investors' fears about the impact of Russia's demand for rouble gas payments starting from today.
