Oil tankers are piling up off Turkey from the EU’s price cap on Russian oil
A European Union price cap on Russian oil kicked in on Monday and it's already causing shipping disruption...
A European Union price cap on Russian oil kicked in on Monday and it's already causing shipping disruption — oil tankers are piling up off the coast of Turkey as Ankara is demanding paperwork that the vessels are fully insured, according to the Financial Times.
Georgia voters will decide today between Republican Herschel Walker and incumbent Democrat Raphael Warnock in the state's US Senate runoff amid record-breaking early voting. Warnock finished ahead of Walker in the first round of voting, 49.4% to 48.5%, but failed to pass the 50% threshold needed to avoid a runoff.
Democrats have secured a Senate majority when factoring in Vice President Kamala Harris acting as the tiebreaker. Surveys suggest Warnock enters with a few percentage point lead that remains within the margin of error. Polls close at 7 pm ET.
2023 Predictions. Will Markets Crash and Oil Fall?
The Fed cutting rates by 200 basis points and oil falling to $40 a barrel are among Standard...
The Fed cutting rates by 200 basis points and oil falling to $40 a barrel are among Standard Chartered's list of surprises for 2023. The group listed potential scenarios that could send shockwaves through global markets next year — and one prediction says the Nasdaq 100 will crater another 50%.
US stock futures rise early Tuesday, attempting a comeback after data fired up concerns...
US stock futures rise early Tuesday, attempting a comeback after data fired up concerns the Fed could stick with its aggressive rate hikes at its meeting next week. Meanwhile, Charles Schwab's chief strategist says it's overly optimistic to believe that the Fed will move quickly between a pause and a pivot. Here are the latest market moves.
Earnings on deck: AutoZone Inc., Ashtead plc, and more, all reporting.
U.S. oil futures settle at lowest in more than a week
Oil futures fell on Monday, with U.S. prices settling at their lowest price in ...
Oil futures fell on Monday, with U.S. prices settling at their lowest price in more than a week. The Institute for Supply Management’s reading on U.S. service-sector business conditions rose to 56.5% in November, despite efforts by the Federal Reserve to ease inflation. “Continued Fed tightening can only reduce demand for oil,” said Manish Raj, chief financial officer at Velandera Energy Partners. Meanwhile, on the first day of trading after the European Union ban on Russian seaborne oil, Russian barrels are “flowing unabated with new Asian orders replacing the expiring European ones,” he said. U.S. benchmark WTI crudefor January delivery CLF23, fell $3.05, or 3.8%, to settle at $76.93 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since Nov. 25, FactSet data show.
