New Covid-19 restrictions in China dragged oil prices further below recent highs on Monday,...
New Covid-19 restrictions in China dragged oil prices further below recent highs on Monday, with the prospect of reduced fuel demand easing some pressure on global crude markets.
U.S. oil prices slid 7% to $105.96 a barrel, continuing their fall from a recent closing high of $123.70 reached earlier this month. Oil prices remain sharply higher since Russia invaded Ukraine in February, as Western sanctions and boycotts against Russia have effectively cut worldwide supply. Brent crude, the global price benchmark, dropped about 6.8% to $112.48.
‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing...
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking questions over whether the long-term trend will imminently end, according to a research note from Deutsche Bank.
S&P 500, Dow book 3rd day of gains Monday, stocks end higher as investors await Russia-Ukraine talks
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials...
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials both booking a third straight session of gains as investors monitored potentially positive developments ahead of Russia and Ukraine talks in Turkey on Tuesday. The Financial Times reported on Monday that Russia no longer will demand that Ukraine be "denazified," a claim Russian President Vladimir Putin used to justify his invasion, in ceasefire talks. The DowDJIA, +0.27% rose about 93 points, or 0.3%, finishing near 34,955, after flipping positive in late afternoon trade. The S&P 500 SPX, +0.71% advanced 0.7% and the Nasdaq Composite IndexCOMP, 1.31% jumped 1.3%. Treasury yields also trimmed some of last week's advance and oil prices fell, with the U.S. benchmark CL00, -9.03% down about 7% Monday to settle at $105.96 a barrel.
Natural gas futures are mixed early, trading in a range between $5.45 and $5.70 as of 9:30 AM...
Natural gas futures are mixed early, trading in a range between $5.45 and $5.70 as of 9:30 AM ET, on forecasts for cooler weather and higher heating demand than previously expected. Russia is working out methods for accepting payments for its gas exports in roubles and it will take decisions in due course should European countries refuse to pay in the Russian currency, the Kremlin said on Monday.
The energy sector is poised for a lower start, pressured by weakness in the underlying commodities,...
The energy sector is poised for a lower start, pressured by weakness in the underlying commodities, while U.S. stock index futures edged higher as investors remained hopeful about progress in the Russia-Ukraine peace talks.
WTI and Brent crude oil futures are trading lower as fears over weaker fuel demand in China grew following a lockdown in Shanghai in an effort to curb a surge in COVID-19 infections. Amid the growing list of sanctions on Russia following its invasion of Ukraine, Britain instructed public sector bodies to review energy and other contracts they have with Russian firms and consider switching suppliers, noting that existing energy agreements could benefit the Russian state. India also just announced it will not consider buying oil from Russia or any other country using Indian rupees, the junior oil minister told parliament. Additionally, Kurdish Prime Minister Masrour Barzani told an industry conference in Dubai that the Kurdish region of northern Iraq has the capacity to make up for at least some of the energy shortfall in Europe, claiming that Kurdistan would soon become an important source of energy that would meet global demand and it would export to Turkey soon.
