U.S. stocks eke out gains ahead of closely-watched central bank policy decisions
U.S. stock indexes eked out slight gains in volatile trade on...
U.S. stock indexes eked out slight gains in volatile trade on Monday as investors looked ahead to a busy week of central bank action including interest-rate decisions from the Federal Reserve, Bank of England, and Bank of Japan.Traders were pricing in a 99% chance that the Federal Reserve will keep rates unchanged at a range of 5.25%-5.50% on Wednesday, according to the CME FedWatch Tool. Meanwhile, the chance of a 25-basis-point rate hike to a range of 5.50%-5.75% at the subsequent meeting in November is priced at 30%.
The Dow Jones Industrial Average DJIA was up 6 points, leaving it nearly flat at 34,624, while the S&P 500SPX finished less than 0.1% higher and the Nasdaq Composite COMP ended flat.
Gas prices hit new 2023 highs Monday as a squeeze on oil supply...
Gas prices hit new 2023 highs Monday as a squeeze on oil supply sent prices of refined products higher.
The national average for gasoline in the US hit $3.88, according to AAA. In Western states, prices are well above the national average. California’s average sat at $5.69 per gallon.
The price of diesel, which is used to transport goods via trucks, was up $0.23 from one month ago, at $4.57 per gallon
LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to...
LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.
The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude Tapis reached $101.30 last week, said Bjarne Schieldrop, an analyst at Swedish bank SEB, in a report.
"The overall situation is that Saudi Arabia and Russia are in solid control of the oil market," Schieldrop said.
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At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical...
At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical Cyclone Lee made landfall in Maine and Nova Scotia, Canada, over the weekend. Parts of Massachusetts and Maine saw three-foot storm surges and roughly four inches of rain as the system and its 70 mph winds—just shy of Category 1 status—rolled northeast.
