The move in oil prices higher effectively halted a plunge that began immediately after Trump announced the ceasefire Tuesday night. U.S. crude oil dropped more than 16% Wednesday. “Prices rebounded as fighting in the Middle […]
Steve Kopack
13 posts
The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war. In the month since the U.S and […]
U.S. stocks and bonds sold off and oil continued its weeks long upward trajectory Thursday morning, as optimism faded about possible peace talks or a U.S.-Iran ceasefire. Thursday also marks 48 hours until the expiration […]
U.S. stocks rose Wednesday and global oil prices fell in yet another volatile trading session, as traders and investors were buffeted by constant headlines about the war in Iran. On Tuesday night, reports surfaced that […]
U.S. stocks were set to surge at the opening bell Monday, after President Donald Trump announced that he was postponing all military strikes on Iranian power plants for a 5-day period. Iranian state media responded […]
Federal Reserve Chair Jerome Powell says he will not step down from the central bank’s board until an investigation launched by President Donald Trump’s Justice Dept. into Powell’s congressional testimony last year is fully put […]
The Federal Reserve’s decision on interest rates Wednesday is all but a foregone conclusion. Traders overwhelmingly expect it to keep rates on hold, a scenario that’s likely to persist for the rest of the year. […]
U.S. crude oil hit $100 per barrel Sunday, continuing its surge as the U.S.-Israeli war with Iran shows no signs of ending soon and despite attempts by the Trump administration and allied countries to slow […]
The price of oil jumped more than 8% on Thursday, as the International Energy Agency said the U.S.-Israel war on Iran was “creating the largest supply disruption in the history of the global oil market.” […]
The Trump administration announced Wednesday that it will launch a wave of tariff-related investigations into more than a dozen U.S. trade partners, the next phase in President Donald Trump’s sweeping global trade wars. In a […]
The International Energy Agency said Wednesday that member countries had unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices that are soaring due to the Iran […]
The Consumer Price Index for February will be reported at 8:30 a.m. ET Wednesday and is expected to show that prices rose only slightly right before the Iran war sent energy costs skyrocketing. Analysts and […]
Oil prices swung sharply Tuesday as conflicting reports about shipping in the Strait of Hormuz drove the cost of crude oil down for much of the morning, then higher in the afternoon. U.S. West Texas […]