Oil Prices Up: The attack added to market concerns about the potential impact a broader conflict in the Middle East would have on oil supplies from the region, especially those moving through the critical Strait of Hormuz.
Limiting gains, economic news from Germany, Europe s biggest economy, was weak and the U.S. dollar rose to a five-month high against a basket of other currencies after U.S. Federal Reserve Chair Jerome Powell further interest rate hikes may be needed to fight inflation.
NEW YORK, Feb 23 ― Crude oil futures yesterday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed international responses after Russia sent troops into parts of Ukraine. Markets were jittery a day after Russia's move but the.
SINGAPORE, Feb 22 ― Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived today as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. Brent crude futures rose 4 per cent to.
WASHINGTON, June 26 ― Wall Street notched broad gains yesterday, with the S&P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week. Weaker-than-expected inflation data and news that US President Joe Biden has.