The tightening of oil supplies around the world sent crude oil...
The tightening of oil supplies around the world sent crude oil prices upward by more than a dollar a barrel on Friday. The price gains were also boosted by U.S. inflation data that indicated price rises were slowing.
West Texas Intermediate for delivery in May rose $1.30 a barrel to $75.67 on the New York Mercantile Exchange.
Global benchmark Brent crude managed a 50-cent increase to $79.77 a barrel. However, Brent crude for June delivery rose $1.29 or 1.6% and closed at $79.89 a barrel on ICE Futures Europe.
May natural gasrose 12 cents to $2.22 per 1,000 cubic feet.
Key US inflation measure rose less than expected in February
The personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge,...
The personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose 4.6% year-over-year in February, down from a 4.7% annual rate in January. The index, excluding food and energy, rose 0.3% month-over-month, down from 0.5% in January and below analyst expectations of 0.4%. The index measures costs consumers pay across a wide swath of items.
🌪️Tornadoes and storms strike Arkansas, Illinois, Iowa, Tennessee, and more.
At least four people died and dozens were injured when...
At least four people died and dozens were injured when a storm system struck the Midwest and South Friday, flipping over cars, destroying buildings, and leaving hundreds of thousands of people without power. The storm's damage included a collapsed roof during a packed concert in Illinois. See photos from Arkansas here. See footage of a tornado in Iowa here (via Twitter).
The Department of Justice and the US Environmental Protection...
The Department of Justice and the US Environmental Protection Agency have filed a lawsuit against Norfolk Southern over a February train derailment that spilled hazardous chemicals into nearby creeks and rivers in East Palestine, Ohio. The lawsuit alleges the train wreck violated the Clean Water Act (see 101).
