By Robert Harvey and Georgina McCartney LONDON/HOUSTON (Reuters) – If you want to buy a cargo of oil in Asia or jet fuel in Europe right now, you may have to pay a record price for it. Rising oil prices in physical markets – where oil is traded on ships, rail cars or in storage…
The dollar index (DXY00) rose +0.51% on Wednesday. The dollar today recovered from initial losses and rose after February producer prices in the United States rose more than expected, a hawkish factor for the Federal Reserve’s policy. Additionally, signs of escalation in the war with Iran sent stocks tumbling and boosted liquidity demand for the…
Maybe the war in the Middle East will end soon. But it has become very expensive and is becoming more expensive at home and (obviously) in the combat zone. Crude oil prices rose in early trading on March 19, as did prices at the pump, both in the United States and elsewhere. Gasoline futures prices…
By Sam Li and Siyi Liu BEIJING/SINGAPORE (Reuters) – Oil prices fell on Wednesday to reverse some of Tuesday’s strong gains after the Iraqi government and Kurdish authorities reached a deal to resume oil exports through the Turkish port of Ceyhan, providing modest relief to concerns about Middle East supplies. But with no sign of…
Ecora Royalties emerges as defensive commodity play as conflict with Iran roils mining sector Proactive uses of images from Shutterstock The company’s royalty structure protects investors from rising fuel and chemical costs that are putting pressure on conventional miners. RBC Capital Markets has highlighted Ecora Royalties PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF, FRA:HGR), the London-listed mining royalties…
As the war in Iran spreads to other parts of the Middle East, energy experts expect the price of several oil and gas products to soar in the coming months, driven by shortages. This is likely to affect flight prices, with several airlines warning of expected price increases. It could lead to a drop in…
U.S. stock futures swung overnight Sunday as investors sought to stabilize after another weak week for stocks, while keeping a close eye on rising oil prices due to the U.S.-Iran war. Futures linked to the Dow Jones Industrial Average (YM=F), S&P 500 futures (ES=F) and Nasdaq 100 futures (NQ=F) hovered around the flat line. The…
When it comes to the benchmark federal funds rate, we are all in agreement. This is because it guides interest rates for car and student loans, home equity loans and credit cards. It also affects the 10-year Treasury bond, which in turn affects mortgage rates in the stagnant real estate market. Billions of dollars in…
President Trump and his administration maintain every day that the United States and Israel’s campaign against Iran is succeeding, and it is doing so in every way possible. Except in markets and gas stations across America, where motorists seem stunned when they realize this. Retail gas prices have risen almost 30%. from the beginning of…
The Qatar round of the World Endurance Championship has been rescheduled for October 22 and 24, making it the new penultimate round of the 2026 season. The WEC postponed its season opener in Qatar due to conflict in the Middle East raising security concerns as Iran launched drones and missiles at its neighbors in response…
