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23.09.26 - 23:12
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Wall Street Slides On Wednesday (AFX)
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WASHINGTON (dpa-AFX) - U.S. stocks spent all of Wednesday under water, thanks to a rebound in crude oil prices that followed comments a day earlier from U.S. President Donald Trump.The major avera......
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23.09.26 - 18:42
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Stocks, Bonds Slip as Oil Jump Fuels Fed-Hike Bets (Bloomberg)
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Stocks joined bonds lower as higher oil prices stoked worries about inflationary pressures, which were further bolstered by data showing jump in US business activity at the fastest pace since 2021.
Gargi Chaudhuri, Global Chief Investment Strategist at BlackRock, discusses the markets and how investors can be more selective amid a higher rate cycle. (Source: Bloomberg)...
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23.09.26 - 17:42
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Oil Holds Highs After Total Crude Stocks Rose, US Production & Gasoline Demand Dipped (ZeroHedge)
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Oil Holds Highs After Total Crude Stocks Rose, US Production & Gasoline Demand Dipped
Oil prices reversed initial losses (Brent back above $100) on Wednesday amid persistent Middle East supply risks, as investors weighed the prospect of improved Saudi export flows and U.S.-Iran diplomacy against the potential for further disruptions.
Saudi Arabia has begun testing its East-West pipeline for structural integrity and pressure, a step toward restoring oil flows after attacks knocked out the route earlier this month. Crude exports from the Red Sea port of Yanbu could restart within a couple of days if the tests are successful, The Wall Street Journal reported, citing people familiar with the matter.
U.S. envoy to the Middle East Steve Witkoff said in a post on X that American officials engaged in lengthy talks with the Iranian delegation through mediators on the sidelines of the United Nations General Assembly. The mediators shuttled between the two sides throughout the day and completed a round o...
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