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Oil prices rise nearly 2% after renewed Iranian attacks on UAE
Oil prices rose nearly 2% following renewed Iranian attacks on UAE oil facilities, raising concerns about global supply disruptions amid the ongoing Iran conflict.
Wall Street ends higher as traders return to AI stocks
Wall Street closed higher led by AI-related stocks including Meta and Nvidia, while oil prices eased amid Middle East tensions and upcoming Fed meeting.
Oil prices ease as US says it is fine with some ships going through Strait of Hormuz
Oil prices eased after the US approved some Iranian, Indian, and Chinese ships passing through the Strait of Hormuz amid ongoing Iran war tensions and emergency reserve talks.
US fourth-quarter GDP growth revised down to 0.7%
U.S. GDP growth for the fourth quarter was revised down to 0.7% due to lower consumer spending, business investment, and export growth, government data shows.
Oil prices dip as Indian tanker sails out of Strait of Hormuz
Oil prices fell as an Indian tanker passed through the Strait of Hormuz and the U.S. issued measures to ease supply concerns amid Middle East conflict disruptions.
Oil unlikely to hit $200 a barrel, US energy chief says
U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.
S&P 500, Dow end lower as escalating Iran war sours risk appetite
U.S. stocks closed lower amid escalating Iran conflict, rising oil prices, and inflation concerns despite a moderate CPI report. Dow fell 0.61%, Nasdaq gained 0.08%.
Oil prices up 5% as supply fears mount despite record stocks release plan
Oil prices surged nearly 5% due to attacks in the Strait of Hormuz and concerns over supply despite the IEA's plan for a record 400 million barrel reserve release.
US consumer inflation steady before Iran conflict drives up oil prices
U.S. consumer prices rose moderately in February with steady rents and rising gasoline costs before the Iran conflict escalated oil prices. Inflation remains steady but geopolitical risks loom.
US stocks dip, oil pulls back as Wall Street weighs conflicting messages on Iran
U.S. stock indexes rose on March 10, 2024, as oil prices dropped over 14% following eased sanctions signals and Middle East conflict developments.
Dollar eases on conflicting signals about Trump’s Middle East timeline
The dollar fell as investors reacted to conflicting statements from President Trump on the Middle East conflict timeline and a drop in oil prices following heavy strikes on Iran.
Back to the 1970s? Investors brace for return of stagflation
Investors brace for stagflation as Middle East conflict drives oil prices above $100, threatening inflation and economic growth worldwide.
