Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.67, or 3.13%, to settle at $82.69 a barrel. June Brent futures were down $2.73, or 3.03%, at settle at $87.29 a barrel. […]
In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares An escalating Middle East conflict risks leading to higher oil prices, a reversal of the recent fall in inflation and a puncturing of the optimistic mood in financial markets, the International Monetary Fund has warned.The Washington-based IMF said it was closely monitoring events in the region after Iran’s missile strike on Israel at the weekend and stressed the possibility that a war between the two...
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?
Pump prices for fuel products may decrease next week, the Department of Energy Oil Industry Management Bureau assistant director Rodela Romero said.
Latest wave of redundancies is the the EV-maker’s response to sluggish demand for electric cars in North America
Investors may want to keep a close eye on these stocks, whose results risk
Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the US Federal Reserve’s policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.36 per cent higher, set to clock […]
PepsiCo, Inc. (NASDAQ:PEP – Get Free Report)’s share price shot up 0.1% on Monday . The stock traded as high as $176.32 and last traded at $175.68. 796,225 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 5,792,084 shares. The stock had previously closed at $175.58. Wall Street […]
Chevron Co. (NYSE:CVX – Get Free Report) was down 0.3% during mid-day trading on Monday . The stock traded as low as $164.69 and last traded at $165.35. Approximately 1,716,490 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,392,820 shares. The stock had previously closed at $165.89. […]
Oil firms are set to implement a rollback in pump prices on Tuesday, April 30.
Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Gold and the safe-haven dollar pulled back from near their peaks, and crude oil prices declined as the potential for a major supply disruption waned. Iran on Friday […]
Oil prices eased after Iran said a missile strike from Israel did little damage.