California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but an average price that’s nearly 70% more t...
Tag: Commodity markets
Oil prices jump on reports OPEC+ will cut production
Oil prices jumped on Monday following reports that the OPEC+ cartel is planning a large production cut. Price action West Texas Intermediate crude CLX22, +4.20% for November delivery rose $3.20, or 4%...
Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC
The S&P 500 is approaching an important level to watch beyond its 2022 low, as investors anticipate a spike in jobless claims amid recession fears and soured sentiment in the U.S. stock market, ac...
$8 a gallon gas? RBC energy guru on why we should brace for higher oil prices
American consumers may have gotten a bit of a break from sky-high gas prices over the past few months as the prices for oil and natural gas in the U.S. have eased off their peaks from earlier this yea...
Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor
This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a bargain for those who can b...
There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist
Ahead of that, stocks are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, -1.99% profit caution last week. The dollar and cash have been among the most popular havens for ...
Impact on Philippines, Indonesia, Thailand: Nomura
Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this ye...
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
Most investors think the next big move for the S&P 500 will involve a near 20% drop, says Deutsche Bank survey
Last week’s first gain in four for stocks has likely emboldened some bulls out there, but investor wariness remains, according to a new survey from Deutsche Bank. Observe the chart below that shows ho...
These three potential ‘naked swimmers’ threaten stocks and financial markets
Following a hat trick for all three major indexes last week, both optimism and trepidation are in the air as a new trading stretch begins. But some, like the Kobeissi Letter’s editor in chief and foun...
Oil Prices Slump as Recession Fears Grow
Another turbulent week in oil markets carried crude prices to their lowest point since January, with thin trading and a blurry outlook for supply and demand driving a fitful 30% decline from this year...
Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How.
U.S. investors are watching the Federal Reserve but the European Central Bank is likely to keep hiking rates to pull down prices, and those moves deserve more attention. Graeme Sloan/Bloomberg Text si...
Crude Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
Oil Prices Tick Higher After Putin Threatens to Let Europe ‘Freeze’
Text size Russian President Vladimir Putin Mikhail Klimentyev/SPUTNIK/AFP via Getty Images Oil prices inched up on Thursday after Russian President Vladimir Putin hinted that he might tear up supply c...
EU’s Energy Plan Beats Inaction
A perfect storm has hit European energy markets, pushing leaders to intervene. It isn’t all bad news for investors. The confluence of extreme summer heat, dwindling Russian gas deliveries, unplanned o...
Germany Agrees on Gas Relief Package for Businesses, Consumers
BERLIN—Germany unveiled its third energy crisis relief package this year to shield consumers from soaring prices over the winter, a day after Russia indefinitely suspended gas deliveries to Europe’s l...
Russia Signals Opposition to OPEC+ Oil-Production Cut
Russia doesn’t support an oil-production cut at this time, and it is likely OPEC+ will keep its output steady when it meets Monday, people familiar with the matter said, as Moscow maneuvers to thwart ...
Oil Has Been Falling, OPEC Cuts Could Drive Them Up Again
OPEC’s biggest producer, Saudi Arabia, recently suggested that the group may consider an output reduction. Asaad Niazi/AFP/Getty Images Text size Oil prices posted their biggest monthly loss of the ye...
Silver is at a 2-year low, but it’s not gold that will determine what happens next, this analyst says
A tie can feel like a loss if you were in line for a victory. Conversely the draw can be celebrated if you were facing defeat. After a number of sessions when early gains evaporated, traders will be r...
Don’t buy Occidental stock just because Warren Buffett is buying, analyst says
Shares of Occidental Petroleum Corp. continued to outperform its peer group and the broader stock market after the oil- and gas-production company disclosed that Warren Buffett’s Berkshire Hathaway In...