Oil reverses losses, demand concerns remain

China unexpectedly cuts key interest rates as economic data disappoints Iran responds to EU nuclear text and seeks US flexibility Oil production in the Permian Basin will rise to a record high in September -EIA Coming soon: API data on US oil inventories at 4:30 PM ET LONDON (Reuters) – Oil prices rose on Tuesday … Read more

Stock market bulls are looking at a technical signal for more gains

A statue of Charging Bull, also known as Wall St. Paul, is seen in the financial district of Manhattan in New York City, New York, US, September 9, 2020. REUTERS/Carlo Allegri/ Register now to get free unlimited access to Reuters.com Register NEW YORK, Aug 12 (Reuters) – Some stock market bulls are watching a technical … Read more

Fed officials say more rate hikes are needed, despite slowing inflation

A picture of the Federal Reserve building in Washington, DC, US, August 22, 2018. REUTERS/Chris Watty/File Photo Register now to get free unlimited access to Reuters.com Register Kashkari sticks to his view on the 3.9% fed funds rate at the end of 2022 Evans sees 3.4% policy rate this year Both are pushing back market … Read more

Wall Street rally lifts Nasdaq 20% from low as inflation fears recede

Traders work on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register The Fed has now seen a 50 basis point rise in September US consumer price growth slows in July Musk sells … Read more

Oil rises as Russian pipeline halt revives supply fears

A poster with crude oil written on the side of a storage tank in the Permian Basin in Menton, Loving County, Texas, United States, November 22, 2019. REUTERS/Angus Mordant Register now to get free unlimited access to Reuters.com Register Russian oil exports through the southern part of the Druzhba pipeline have stopped The European Union … Read more

Oil falls with dollar on recession fears; Wall Street ends mixed

Oil hits lowest level before Ukraine as demand outlook deteriorates The Bank of England predicts a recession throughout 2023 Treasury yield curve inversion deepened The dollar falls, the pound falls against the euro OTTAWA (Reuters) – Crude oil fell along with Treasury yields and the dollar on Thursday as recession fears escalated after the Bank … Read more

Oil prices hit their lowest levels since the Ukrainian invasion, amid fears of a recession

FILE PHOTO – A PetroChina worker inspects a crane at an oil field in Tacheng, Xinjiang Uyghur Autonomous Region, China, June 27, 2018. REUTERS/Stringer At Register now to get free unlimited access to Reuters.com Register Bank of England raises interest rates, warns of recession risks Saudi Arabia and UAE maintain oil firepower in case of … Read more