U.S. home prices rose in February at a breakneck pace: Case-Shiller
The ...
The S&P CoreLogic Case-Shiller 20-city price index posted a 20.2% year-over-year gain in February, up markedly from 18.9% the previous month. On a monthly basis, the index increased 2.4% between January and February. Meanwhile, the Case-Shiller national home price index increased 19.8% between February 2021 and February, up from the previous month. This represented the third-largest pace of home-price appreciation in the Case-Shiller report's history. ~From MarketWatch
Asian Buyers Trying to Back Out of Purchases of Russian Oil Grade
(Bloomberg) Asian oil refiners are shunning a major export-grade from the Russian Far East due to sanctions...
(Bloomberg) Asian oil refiners are shunning a major export-grade from the Russian Far East due to sanctions on a tanker company that ships the cargoes.
Buyers are now trying to back out of purchases of Sokol, which was sold out for May-loading two weeks ago, said people with knowledge of the matter. At least one shipment of the variety for loading in end-May has been canceled, with several other refiners trying to wind back purchases for June, said the people who asked not to be named due to the sensitivity of the information.
Sokol is being avoided due to the involvement of Sovcomflot PJSC, a Russian state-controlled firm that transports the crude produced at the Sakhalin-I project from the De-Kastri export terminal to customers in North Asia. The company’s tankers are struggling to get insurance from international firms after it was added to a list of U.K.-sanctioned entities, the people said.
Round raises $350M for startup bitcoin miner Crusoe
Crusoe Energy, a startup that powers its bitcoin mining with natural gas from oil wells that is usually...
Crusoe Energy, a startup that powers its bitcoin mining with natural gas from oil wells that is usually wasted by flaring it off, raised $350 million in a Series C funding round that will allow it to expand across the US and internationally. The startup was also awarded credit facilities that can go as high as $155 million.
Secondary buyers shun energy funds despite rising prices
Private-equity energy funds continue to attract limited interest from secondary buyers...
Private-equity energy funds continue to attract limited interest from secondary buyers despite sky-high oil and natural gas prices, as environmental concerns and pressure to divest from fossil fuels add to investor reluctance. However, activity could improve "if oil prices stay at the $100 a barrel level or above in the next three to six months," according to Solomon Owayda, the founding partner at secondary intermediary Mozaic Capital Advisors.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $3.53 to $98.54 a barrel Monday. Brent crude...
Benchmark U.S. crude oil for June delivery fell $3.53 to $98.54 a barrel Monday. Brent crude for June delivery fell $4.33 to $102.32 a barrel.
Wholesale gasoline for May delivery fell 7 cents to $3.24 a gallon. May heating oil rose 15 cents to $4.09 a gallon. May natural gas rose 14 cents to $6.67 per 1,000 cubic feet.
Gold for June delivery fell $38.30 to $1,896 an ounce. Silver for May delivery fell 59 cents to $23.67 an ounce and May copper fell 13 cents to $4.45 a pound.
The dollar fell to 128.02 Japanese yen from 128.59 yen. The euro fell to $1.0709 from $1.0787.
