A disturbance near Florida could get serious, and Hurricane Nigel is quickly on the move
Hurricane Nigel still brings the strongest winds in the Atlantic...
Hurricane Nigel still brings the strongest winds in the Atlantic Ocean, but the two other systems have more potential to affect United States and Caribbean life over the next week.
A tropical wave near the Cabo Verde Islands is expected to “merge with another disturbance located a few hundred miles to its west in a few days,” the hurricane center said, as it moves west at 10 to 15 mph.
Benchmark U.S. crude oilfor October delivery fell 92 cents to $90.28 a barrel Wednesday. Brent crudefor November delivery fell 81 cents to $93.53 a barrel.
Wholesale gasoline for October delivery fell 4 centsto $2.62 a gallon. October heating oil fell 4 centsto $3.33 a gallon. October natural gasfell 12 centsto $2.73 per 1,000 cubic feet.
Nasdaq falls 200 points as Fed signals rates will stay higher for longer
U.S. stocks finished lower on Wednesday and logged their lowest...
U.S. stocks finished lower on Wednesday and logged their lowest closing levels of September after the Federal Reserve signaled it would likely keep interest rates higher for longer.
The S&P 500SPX fell 41.70 points, or 0.9%, to 4,402.25, while the Nasdaq CompositeCOMP shed 209.06 points, or 1.5%, to 13,469.13. The Dow Jones Industrial AverageDJIA shed 76.98 points, or 0.2%, to 34,440.75. The central bank left its policy rate on hold Wednesday but signaled another hike could come later this year. The Fed’s dot-plot of rate-path projections suggested its policy rate target would remain above 5% through the end of 2024.
The arbitrage window for US crude exports to Europe and...
The arbitrage window for US crude exports to Europe and Asia has closed due to the recent surge in West Texas Intermediate prices, causing shifts in global oil trade patterns and increased demand and prices for alternative oil sources such as Middle East crude. WTI crude futures settled at $91.20 per barrel on Tuesday, reflecting a $3.49 discount to Brent, the narrowest since August. Full Story: Reuters