US News LONDON-Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S. crude stocks that trounced expectations offset a boost from a potential extension to OPEC+ supply curbs. Brent crude futures fell 76 cents, or 0.91%, to $82.89 a barrel by 1227 GMT. U.S. West Texas Intermediate futures (WTI)
Oil Price Oil prices rose by more than 1% early on Thursday, buoyed by a larger-than-expected U.S. crude draw, Chinese stimulus, and continued attacks by the Houthis in and near the Red Sea. As of 10:50 a.m. ET on Thursday, the U.S. benchmark, WTI Crude, had risen by 1.53% to $76.00. The international benchmark, Brent Crude, was up by 1.36% at $80.95.
Nasdaq NEW YORK – Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red. Brent crude LCOc1 has surged nearly 40% since the start of the year and stands at $110.73 per barrel as tight inventories, rising demand and the war in Ukraine
Nasdaq LONDON/NEW YORK – U.S. stock prices were mixed in early Tuesday trading, as oil prices fell from near three-year highs reached after the world’s main crude producers failed to set production plans. Wall Street made a slow restart after the July 4 holiday, while Europe’s equity markets spluttered at the prospect of higher inflation and China spooked its tech
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