London — Oil fell for a third day on Thursday as fear about...
London — Oil fell for a third day on Thursday as fear about the economic effect of rising interest rates offset a surprise drop in US crude inventories and hope for Chinese demand.
US Federal Reserve chair Jerome Powell’s comments this week on the likelihood that interest rates will need to be raised more than previously expected in response to recent strong data continued to weigh on oil and other risk assets because of the potential effect on economic and demand growth.
Brent crude fell by 34c, or 0.4%, to $82.32 a barrel by 9.02 am GMT, while US West Texas Intermediate crude slipped by 11c to $76.55. Both benchmarks fell between 4% and 5% over the previous two days.
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Housing market sentiment is nearing all-time lows. Fannie Mae's Home Purchasing Sentiment...
Housing market sentiment is nearing all-time lows. Fannie Mae's Home Purchasing Sentiment Index dropped this week while mortgage rates moved higher. Here's what you want to know.
US stock futures fall early Thursday, as investors pick...
US stock futures fall early Thursday, as investors pick over Powell's latest comments and get ready for the jobless claims report due before the bell. Meanwhile, Silvergate shares are sinking after the key bank for crypto firms said it will shut down. Here are the latest market moves.
Earnings on deck: Oracle, Applied Materials, and JD.com, all reporting.
