The US jobs report for September came in much weaker than expected, changing market expectations for the Federal Reserve’s October meeting. The US economy added only 29,000 jobs in September, far below economists’ expectation of 90,000 jobs. US jobs report, inflation and record diesel prices put pressure on the Fed rate outlook. (AFP) The unemployment … Read more
US President Donald Trump used a rally in Vandalia, Ohio, on Saturday to campaign for Republican candidates ahead of the November 3 midterm elections. He attacked Democrats, promised financial support if Republicans won and urged voters to turn out on election day. Donald Trump campaigns for Ohio Republicans as gas prices and AI data centres … Read more
Oil prices rose on Wednesday as markets remained worried about the ongoing US-Iran war. Efforts to end the war have not made much progress, keeping geopolitical risks high. These concerns pushed oil prices higher even as crude exports from the Persian Gulf showed signs of recovery. Brent crude prices rise as Saudi Arabia restores oil … Read more
Middle East oil exports have increased sharply in September, bringing oil flows closer to the levels seen before Iran shut down the Strait of Hormuz in March. The increase could reduce some pressure on global energy prices, according to oil analysts. Oil tankers carry more crude through the Strait of Hormuz as Middle East exports … Read more
Gold prices moved slightly higher on Tuesday, but remained close to a seven-week low. Gold had suffered a sharp fall in the previous session, dropping about 4%, as investors reacted to higher oil prices and rising US Treasury yields. Gold prices remain near a seven-week low as oil prices and US Treasury yields rise. (pexel) … Read more
The S&P 500 could face another major downturn if rising oil prices push inflation higher and force the US Federal Reserve to keep raising interest rates. The index last entered bear-market territory in 2022 and 2023, when high inflation led the Fed to aggressively increase interest rates. Tesla stock could face pressure if rising oil … Read more
By Scott DiSavino Oil prices slide about 2% as US, Iran explore path out of war NEW YORK, Sept 25 – Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing … Read more
US diesel prices have surged to record levels, putting more pressure on businesses that depend heavily on diesel for transportation, farming and other operations. The increase has come as the Iran war continues, disrupting global fuel markets and pushing up the cost of diesel. US diesel prices hit record highs as Trump considers a 90-day … Read more
US diesel prices have hit a new all-time record as fuel costs continue to rise. Gasoline prices are also climbing across the country, adding to concerns about higher costs for consumers and businesses. The national average price of regular gasoline reached $4.48 per gallon on Monday. That is up from $4.32 per gallon a week … Read more
Oil prices fell to their lowest level in 11 days on Monday, as investors looked for signs that the US-Iran conflict could move toward diplomacy and watched for a recovery in Saudi Arabia’s oil shipments. Oil prices fall as US-Iran talks and Saudi oil shipments ease supply fears. (Pexel/Representative image) (Pexel) Brent crude futures fell … Read more