Thursday, April 3, 2025
U.S. import prices post largest gain in more than a year- oil and gas 360

U.S. import prices post largest gain in more than a year

CNBC U.S. import prices increased by the most in more than a year in May, driven by higher costs for petroleum products and food, which could further diminish fears of deflation as the economy battles a recession. The Labor Department said on Friday import prices rose 1.0% last month, the largest gain since February 2019, after falling 2.6% in April.

United States Oil Fund receives green light to issue new shares- oil and gas 360

United States Oil Fund receives green light to issue new shares

Reuters NEW YORK – The United States Oil Fund LP, the largest U.S. oil-focused exchange-traded product, stated on Friday in a regulatory filing www.sec.gov/ix?doc=/Archives/edgar/data/1327068/000117120020000430/i20391_uso-8k.htm that it has gained approval to resume offering new shares. USO’s registration of 1 billion new shares has been declared effective by the Securities and Exchange Commission, the fund said, and hence it can once again