oil prices

Markets

S&P Hits Record High as 86% of Members Blow Past Wall Street Forecasts

Photo via JOHN ANGELILLO/UPI/Newscom

About 86% of reporting S&P 500 companies exceeded consensus earnings-per-share estimates in Q2, but plenty of pitfalls may stymie performance.

2 min read

Photo via Tom Williams

Inflation & Prices

Fed’s Warsh Promises Congress a Hard Line on Inflation Amid Looming Risks

Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate.

2 min read
Photo via Hannes P Albert/dpa/picture-alliance/Newscom

Energy

Slashing Crude Costs, Saudi Arabia Signals Brewing Price War

International benchmark Brent crude stood at roughly $72 per barrel on Monday, barely above pre-war levels.

1 min read
Photo via Maksim Konstantinov/ZUMA Press/Newscom

Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read

Energy

Energy Market Disruption From Iran Conflict Flows into Gas Pumps

Photo via Jeremy Hogan/Sipa USA/Newscom

Oil prices are surging as Iran’s counterattacks on the US and Israel curbed shipments through the Strait of Hormuz.

2 min read

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