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HomeFinancial Markets

Financial Markets

For the week ending Nov. 26, the U.S. Energy Information Administration reported that commercial crude oil inventories declined by 900,000 barrels from the previous week and remain about 6 percent below the five-year average for this time of year. (Tom Pennington/Getty Images)
Economy

US Oil, Gas Data Suggest Sluggish Demand

December 2, 2021 1skholloway1975 Comments Off on US Oil, Gas Data Suggest Sluggish Demand

High prices may finally be catching up with consumers, though the Omicron variant could be a significant game changer.
The post US Oil, Gas Data Suggest Sluggish Demand appeared first on Zenger News.
[…]

Gasoline prices may finally be heading lower in the near future. (Photo by Justin Sullivan/Getty Images)
Economy

Omicron Could Finally Bring Relief To The Pump

November 30, 2021 1skholloway1975 Comments Off on Omicron Could Finally Bring Relief To The Pump

But while commodity prices are plummeting, it may take a bit for consumers to notice because of supply chain issues.
The post Omicron Could Finally Bring Relief To The Pump appeared first on Zenger News.
[…]

Drivers line up their tanker trucks to deliver crude oil to Marathon Oil to be refined into gas in Salt Lake City, Utah. (George Frey/Getty Images)
Economy

Weekly Petroleum Data Paints Picture Of US Economic Health

November 25, 2021 1skholloway1975 Comments Off on Weekly Petroleum Data Paints Picture Of US Economic Health

Demand is at the very least holding near pre-pandemic levels despite looming concerns about inflation.
The post Weekly Petroleum Data Paints Picture Of US Economic Health appeared first on Zenger News.
[…]

A customer pumps gas into her vehicle at a gas station on November 22, 2021 in Miami, Florida. Florida Governor Ron DeSantis announced he would ask state lawmakers to temporarily “zero out” state gas taxes next year. DeSantis said the approximately 25-cent-a-gallon “gas tax relief” proposal could save the average Florida family up to $200 over a five- to six-month period. (Photo by Joe Raedle/Getty Images)
Economy

U.S. Prices At The Pump Slowly Starting To Ease

November 24, 2021 1skholloway1975 Comments Off on U.S. Prices At The Pump Slowly Starting To Ease

But it doesn’t have all that much to do with White House actions on the Strategic Petroleum Reserve.
The post U.S. Prices At The Pump Slowly Starting To Ease appeared first on Zenger News.
[…]

Inflationary pressures, the strength of the U.S. dollar, geopolitical risk factors and statements from key figures can move oil markets on any given day.  (Justin Sullivan/Getty Images)
Economy

Oil Watchers Focus On Sentiment

November 18, 2021 1skholloway1975 Comments Off on Oil Watchers Focus On Sentiment

The usual factors that would move the needle for crude oil prices midweek were overshadowed by other high-profile events.
The post Oil Watchers Focus On Sentiment appeared first on Zenger News.
[…]

Gasoline prices above $5 per gallon are displayed at a gas station on Nov. 15, 2021, in Los Angeles. According to AAA, the average price statewide for one gallon of regular unleaded gas hit $4.68 Tuesday, an all-time record high. The price spike is being blamed on the increasing cost of crude oil, higher demand, and other factors. (Mario Tama/Getty Images)
Economy

Will Gasoline Prices Move Even Higher On Holiday-Driven Demand?

November 16, 2021 1skholloway1975 Comments Off on Will Gasoline Prices Move Even Higher On Holiday-Driven Demand?

The average retail price of gasoline is stuck at around $3.40 per gallon and several factors help explain why.
The post Will Gasoline Prices Move Even Higher On Holiday-Driven Demand? appeared first on Zenger News.
[…]

strongCrude oil prices remain at multiyear highs and could undermine U.S. economic growth. (David McNew/Getty Images)/strong
Economy

Did Biden Beat Oil Prices?

November 11, 2021 1skholloway1975 Comments Off on Did Biden Beat Oil Prices?

Crude oil prices remain at multiyear highs and could undermine U.S. economic growth. Will Strategic Petroleum Reserves be tapped?
The post Did Biden Beat Oil Prices? appeared first on Zenger News.
[…]

The 2021 Black Business Owner Spotlight survey conducted by Bank of America reflects a general sense of optimism among its respondents, but continued worries about finding financing. (Spencer Platt/Getty Images)
Business

Access To Capital Remains A Problem For Most Black Businesses

November 10, 2021 1skholloway1975 Comments Off on Access To Capital Remains A Problem For Most Black Businesses

Accounts-receivable factoring is one way to get money to entrepreneurs faster — but it does come at a higher cost.
The post Access To Capital Remains A Problem For Most Black Businesses appeared first on Zenger News.
[…]

Gas prices approaching $5 a gallon are displayed in front of a Circle K gas station on Oct. 05, 2021, in San Rafael, California. Gas prices in the U.S. are continuing to rise to the highest level since 2014. According to AAA, the national average for a gallon of regular unleaded gasoline inched up over $1 per gallon more than one year ago. (Justin Sullivan/Getty Images)
Business

High Gasoline Prices Not Impacting Consumer Demand

November 9, 2021 1skholloway1975 Comments Off on High Gasoline Prices Not Impacting Consumer Demand

Federal estimates for the price at the pump were revised higher in a monthly energy market forecast.
The post High Gasoline Prices Not Impacting Consumer Demand appeared first on Zenger News.
[…]

West Texas Intermediate crude oil was flirting with $85 per barrel in late October, the highest price in seven years. (Tim Boyle/Getty Images)
Business

Crude Oil Prices Choppy After OPEC Sticks With The Plan

November 4, 2021 1skholloway1975 Comments Off on Crude Oil Prices Choppy After OPEC Sticks With The Plan

The White House has been pressuring the production group to open the spigot to bring prices lower, but it was rebuffed again.
The post Crude Oil Prices Choppy After OPEC Sticks With The Plan appeared first on Zenger News.
[…]

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