US EditionOil closes in on $95 per barrel, keeping gas prices near summer highs
- Stocks, bonds, and the dollar experienced minimal movement as major central banks prepared for a busy week, with the S&P 500 closing near 4,450.
- Brent oil briefly reached $95 a barrel, raising concerns about inflation, while Apple Inc. Saw gains and Tesla Inc. Saw a drop due to lowered earnings estimates from Goldman Sachs.
- The Federal Reserve is expected to keep interest rates on hold and maintain a cautious tone, while demand for oil remains steady, potentially bolstered by China's economic recovery.
9 Articles
9 Articles
Oil closes in on $95 per barrel, keeping gas prices near summer highs
Oil prices are closing in on $95 per barrel as production cuts from Saudi Arabia and Russia continue to impact global markets, keeping gas prices near summer highs at a time when drivers typically expect to see relief at the pump. The price of international benchmark Brent crude rose to $94.34 per barrel as of Monday…
Oil prices rise as tight supply outlook offsets demand woes
Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended output cuts by Saudi Arabia and Russia as well as weak shale production outweighed concerns about demand.
Wall Street Gearing Up for Fed’s ‘Hawkish Pause’: Markets Wrap
(Bloomberg) -- Stocks, bonds and the dollar saw small moves at the start of a busy week for major central banks, whose rate decisions will set the tone for global markets for the rest of the year. The S&P 500 closed near 4,450. Brent oil pared gains after almost hitting $95 a barrel earlier Monday in a move that added to inflation concerns. Apple Inc. climbed, while Tesla Inc. dropped as Goldman Sachs Group Inc. lowered its earnings estimates fo…
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