Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the curre...
Tag: 14Year
U.S. natural gas is trading at an ‘insane’ price — Why it hit a 14-year high
Natural-gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb in a row, with prices for the fuel settling at their highest in close to 14 years. The front-mont...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
U.S. Oil stocks up as WTI hits 14-year high
The iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is up more than 1.0% this morning after the war in Ukraine had the U.S. crude oil hit $130 a barrel on Monday. U.S. oil stocks are...
Global Stocks Slump, Oil Prices Touch 14-Year High As Russia Intensifies Attack On Ukraine
Topline Global stock markets continued to be roiled by the deepening conflict in Ukraine while global crude oil prices briefly hit a 14-year high after Washington indicated that a ban on Russian oil i...