Energy News
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A major championship and a whole lot of money was be awarded at Pinehurst No. 2 as the United States Golf Association announced a record purse for the 2024 U.S. Open. Upping the prize pool by $1.5 million for this year's championship, the USGA will be shelling out a total of $21.5 million after Sunday's festivities. Taking home the largest chunk is two-time ...
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Deutsche Bank AG, London Branch has filed a Complaint against Finepoint Capital LP, Warbler Run I, LLC, and Warbler Run II, LLC. The document, seen by FX News Group, was submitted on June 14, 2024, at the New York Southern District Court. This is an action for breach of contract and breach of the implied covenant of good faith and fair dealing. The parties ...
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Refined Products Gasoline and diesel, along with jet fuel and fuel oil, are collectively called refined products because they are products that are made by refining crude oil. Oil refineries are large, complex industrial process facilities located around the world. The amount of gasoline and diesel produced from refineries depends on global refinery ...
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Business activity declined modestly in New York State, according to firms responding to the June 2024 Empire State Manufacturing Survey. The headline general business conditions index moved up ten points but remained below zero at -6.0. New orders held steady, while shipments inched higher. Delivery times shortened somewhat, and supply availability—a new ...
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post: ECB'S PRESIDENT LAGARDE: ECB IS ATTENTIVE TO PROPER FUNCTIONING OF MARKETS.
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Extreme heat spread across Arizona, New Mexico and parts of Texas, Colorado and Kansas as severe weather swept across many parts of the U.S. on Sunday. There was unseasonable cold in the Pacific Northwest, snow headed to the northern Rocky Mountains and heavy rainfall forecast from the northern Plains to the Upper Midwest. The National Weather Service ...
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Large speculators increased short exposure to EUR/USD futures by 19% (22.9k contracts) and trimmed longs by 0.7% (-53 contracts). • Large speculators reached a record level of ...
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China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic ...
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Africa's largest crude producer is grappling with an inadequate supply of crude oil to its refineries, which is ironic. This inadequacy is stifling the development of the ...
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post: BOJ'S GOVERNOR UEDA: SERVICE PRICES CONTINUE TO RISE MODERATELY, REFLECTING WAGE RISES. post: BOJ'S GOVERNOR UEDA: I WILL SCRUTINISE FX MOVES AND THE IMPACT ON IMPORT PRICES.
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post: ECB’S LANE: THE GOAL IS TO HIT 2% IN THE MEDIUM-TERM. post: ECB’S LANE: WE ARE SEEING SIGNIFICANT WAGE INCREASES IN SOME COUNTRIES. post: ECB’S LANE: THERE SOME QUESTIONS THAT INFLATION MOMENTUM WON'T RESOLVE IMMEDIATELY. WE NEED MORE THAN A MONTH OF DATA ON SERVICES INFLATION.
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post: ECB'S PRESIDENT LAGARDE: ECB IS ATTENTIVE TO PROPER FUNCTIONING OF MARKETS.
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Natural gas is still trending higher on its short-term time frames but is in correction mode to the 50% Fib and rising trend line. Price might be in for a bounce back to the swing high near the $3.000 mark or higher if support holds. A larger correction could still reach the 61.8% Fib at $2.635, which is closer to the trend line and 100 SMA dynamic support. ...
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The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors ...
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The world's two most relied-upon crude oil benchmarks are WTI, predominantly traded on CME Group, and Brent, its European peer. Their attractiveness to financial investors is subject to a number of moving parts: the underlying supply/demand balance, economic considerations, weather and geopolitics. The weekly reports of the Commitment of Traders provide a ...