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Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

Mon, 10/09/2023 - 12:17

Tech Insider

Oil refinery — (Photo by Janos Kummer/Getty Images)

Markets, mi-exclusive, Oil, oil-prices, oil-production, Israel, Inflation

Defense stocks jump as war rages between Israel and Hamas

Mon, 10/09/2023 - 12:04

Tech Insider

Rockets are fired by Palestinian militants from Gaza into Israel. — Rockets are fired by Palestinian militants from Gaza into Israel.
Mohammed Salem/REUTERS

Markets, mi-exclusive, stock-mover, defense-stocks, military-equipment, Israel, hamas

Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves

Mon, 10/09/2023 - 09:38

Tech Insider

Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023. — Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.
REUTERS/Ammar Awad

Markets, mi-exclusive, Currency, Israel, hamas, palestine, War

Hamas' strike on Israel will force the market to 'beg' Saudi Arabia to pump out more oil, famed crude trader says

Mon, 10/09/2023 - 07:07

Tech Insider

Palestinians react as an Israeli military vehicle burns after it was hit by Palestinian gunmen who infiltrated areas of southern Israel, at the Israeli side of Israel-Gaza border. — An Israeli military vehicle burns after being hit by Palestinian gunmen who infiltrated southern Israel.
Mohammed Fayq Abu Mostafa/REUTERS

Markets, mi-exclusive, Markets, Commodities, Israel, hamas, palestine

Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets

Mon, 10/09/2023 - 05:06

Tech Insider

Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues — Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues
Gil Cohen-Magen/AFP via Getty Images

Markets, mi-exclusive, Markets, Stocks, Commodities, Oil, oil-price

Oil prices drop 6% as worries mount over demand destruction

Wed, 10/04/2023 - 15:29

Tech Insider : Economy

oil drilling — Andrew Burton/Getty Images

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

Europe is almost out of local olive oil supplies as extreme weather takes a toll on harvests

Fri, 09/29/2023 - 14:37

Tech Insider

Spain produces roughly half of the world’s olive oil. — Spain produces roughly half of the world’s olive oil.
Insider

Markets, mi-exclusive, olive-oil, Shortage, extreme-heat, Oil, Europe

Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Thu, 09/28/2023 - 13:00

Tech Insider : Economy

Khurais oilfield, Saudi Arabia oil — A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.
Ali Jarekji/Reuters

Markets, mi-exclusive, Oil, production-cuts, saudi-arabia, OPEC, demand

A 'litmus test' for a looming recession could come next quarter, says an economist who's been predicting a downturn for 18 months

Wed, 09/27/2023 - 23:36

Tech Insider

david rosenberg — David Rosenberg is still calling a recession.
WealthTrack

Markets, News, Markets, mi-exclusive, Oil, energy, News

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

Wed, 09/27/2023 - 14:13

Tech Insider

Fatih Birol, head of IEA — Fatih Birol warned summer could be difficult for energy markets.
Anadolu Agency/Getty Images

Markets, mi-exclusive, Markets, IEA, international-energy-agency, fatih-birol, fossil-fuel

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