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US oil prices surge to their highest level in 2023

Wed, 09/27/2023 - 12:19

oil rig — Jim Urquhart/Reuters

Markets, mi-exclusive, Markets, Oil, crude-oil, west-texas-intermediate, brent-crude

Here's why the 30% surge in oil prices won't derail the economy or consumer, according to Goldman Sachs

Mon, 09/25/2023 - 12:18

Tech Insider : Economy

California Gas Prices — Gas prices at a Shell station on September 19, 2023 in Burbank, California.
Mario Tama/Getty Images

Markets, mi-exclusive, Markets, Oil, oil-prices, Commodities, economy

Expect $100 to be the new normal for oil prices thanks to production cuts, higher interest rates, and lack of investment, JPMorgan energy analyst says

Mon, 09/25/2023 - 06:42

Crude — Pramote Polyamate/Getty Images

Markets, mi-exclusive, Markets, oil-prices, us-crude-oil, brent-crude-oil, Inflation

Gas prices look like they'll get better — but not before getting worse first

Sun, 09/24/2023 - 07:11

Tech Insider : Economy

California Gas Prices — Gas prices at a Shell station on Tuesday in Burbank, California.
Mario Tama/Getty Images

economy, gas-prices, oil-prices, Russia, saudi-arabia, Inflation

'Shark Tank' investor Kevin O'Leary warns of more pain coming for the economy as the Fed is poised to hike rates higher and as oil prices keep rising

Fri, 09/22/2023 - 10:25

Tech Insider : Economy

kevin o'leary — The US needs to up oil production to around 18 million barrels a day, Kevin O'Leary estimated.
Reuters/Gus Ruelas

Markets, economy, mi-exclusive, kevin-oleary, Fed, interest-rates, fed-rate-hikes

Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says

Wed, 09/20/2023 - 10:05

Tech Insider : Economy

oil — Men work on an well pump near Sweetwater, Texas, Dec. 23, 2014.
LM Otero/AP

Markets, mi-exclusive, oil-price-outlook, oil-prices, crude-prices, rising-oil-prices, oil-supply

US stocks rise ahead of Fed's rate decision as oil prices and bond yields ease

Wed, 09/20/2023 - 09:37

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC.
Kevin Dietsch/Getty Images

Markets, mi-exclusive, daily-market-wrap, federal-reserve, stock-markert, us-stocks, Treasurys

US stocks slump as investors brace for the Fed's next interest rate decision

Tue, 09/19/2023 - 16:21

trader upset worried scared angry — Getty Images / Mario Tama

Markets, mi-exclusive, stock-market-news-today, daily-market-wrap, fed-inflation, fed-interest-rates, interest-rate-outlook

Russia's energy trade is making a comeback amid soaring global oil prices

Tue, 09/19/2023 - 11:13

putin russia — Sergei Karpukh/Reuters

Markets, mi-exclusive, russia-oil, russian-oil-ban, oil-prices, crude-prices, russia-ukraine-war

Oil prices are on track to hit $100 a barrel, but the economy can handle it, Chevron CEO says

Mon, 09/18/2023 - 15:58

Tech Insider : Economy

gas pump prices cars — AP Photo/Gene J. Puskar

Markets, mi-exclusive, Markets, economy, Oil, oil-prices, finance

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