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Yellen Says Oil Climb Undesirable but Should Stabilize in Time
Treasury Secretary Janet Yellen said the recent increase in oil prices is unwanted, but they should stabilize in time, with the US economy still on track for a soft landing. Market expectations indicate that oil prices will “stabilize and move down” over time, Yellen said in an interview with MSNBC on Tuesday, adding that that was her own hope and expectation also. Benchmark Brent crude oil topped $95 a barrel for the first time since November on Tuesday. Yellen said that the increase reflects in part a previous decision by Saudi Arabia to maintain cuts in oil production, and also the economic recovery — albeit ... (full story)
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From @PriapusIQ|Sep 19, 2023tweet:
United States API Weekly Crude Oil Stock $USD Actual: -5.250M 
Expected: -2.667M Previous: 1.174M - https://t.co/orvmA6Wqwk tweet: API: Crude -5.25 million (-2.667 million exp.) Gasoline +732,000 Distillates -258,000 Cushing -2.564 million (!!) SPR +600,000 #oott #crudeoil
From nypost.com|Sep 19, 2023A federal judge on Tuesday rejected Bill Hwang’s bid to dismiss a Securities and Exchange Commission lawsuit accusing him of fraud that led to the March 2021 collapse of his $36 ...
From oilprice.com|Sep 19, 2023Exxon will boost crude oil production in Nigeria by an additional 40,000 barrels per day, Nigerian President Bola Tinubu's spokesman Ajuri Ngelale said in a statement on Tuesday. ...
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From fxempire.com|Sep 19, 2023video Natural gas shows strength as it rallies above a minor swing low at 2.82, then tests resistance around the August 31 swing high of 2.865. The high for the day at the time ...
From youtube.com/cmegroup|Sep 19, 2023WTI futures pull back after hitting an 11-month high. Bob Iaccino examines.
From traderfeed.blogspot.com|Sep 19, 2023We detect strength in the stock market and we buy. We detect weakness and we sell. Both occasions lose money. What is going on? In this post, we will take a look at market ...
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- Posted: Sep 19, 2023 4:42pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 94
