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Oil Reverses Losses, Demand Concerns Persist
Oil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.
Oil Dips As Slowdown Worries Limit Price Gains
Nov 30, 2022 06:28 PM
Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.
Oil Prices Down 1.5% For The Week On Recession Jitters
Nov 30, 2022 06:28 PM
Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.
U.S. Hits The EV Accelerator To Cut Chinese Metals Ties - Report
Nov 30, 2022 06:28 PM
Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar panels and electric vehicles.
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Nov 30, 2022 06:27 PM
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Musk Targets Ad Tech Firms In Twitter Suit Over Takeover Deal
Nov 30, 2022 06:27 PM
Elon Musk is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter.
Wall Street Rallies On Economic Data, Crude Falls As Stockpiles Jump
Nov 30, 2022 06:27 PM
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.
Chip Stocks Slip As Taiwan Tensions Mount
Nov 30, 2022 06:27 PM
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.
Oil Costs Spur India To Produce Ethanol From Farm Waste
Nov 30, 2022 06:27 PM
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
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