Latest News
Oil rebounds as escalating Ukraine conflict hits supplies
PUBLISHED FRI, MAR 4 2022Oil prices rebounded on Friday as fears of Western sanctions disrupted Russian oil exports, outweighing the possibility of more Iranian supplies, while reports of a nuclear […] This post is only…
February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
https://www.cnbc.com/2022/03/04/jobs-report-february-2022.htmlJob growth accelerated in February for a U.S. economy wrestling with swelling prices, the potential for higher interest rates and intensifying geopolitical problems.Nonfarm payrolls for the month grew by 678,000 […] This post is only…
Oil rises above $111 as Ukraine conflict offsets Iran supply hope
Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of […] This post is only…
Chinese refiners tap alternative payments to keep Russian oil flowing: sources
https://www.theglobeandmail.com/business/article-chinese-refiners-tap-alternative-payments-to-keep-russian-oil-flowing/Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources […] This post is only…
Russian forces seize Ukrainian nuclear power plant after attack
https://www.cnbc.com/2022/03/04/russia-ukraine-latest-updates.htmlRussian forces attacked Europe’s largest nuclear power plant in Ukraine early Friday morning, causing a fire to break out at an adjacent training facility.Ukraine’s nuclear agency says Russian military forces […] This post is only…
European markets pull back as Russia attacks Ukraine power plant
https://www.cnbc.com/2022/03/04/europe-markets-russia-attacks-ukraine-power-plant.htmlThe pan-European Stoxx 600 slid 0.8% in early trade, with autos dropping 2.7% to lead losses while utilities bucked the downward trend to add 0.8%.A fire broke out at a training facility at […] This post is only…
Crescent Point Energy reports $121.6-million quarterly profit, boosted by higher oil and gas prices
https://www.theglobeandmail.com/business/article-bank-of-montreal-tops-quarterly-profit-expectations-on-strong-retail/Crescent Point Energy Corp. CPG-T +0.32%increase reported a fourth-quarter profit of $121.6-million compared with a loss of $51.2-million a year ago, helped by higher oil and gas prices.The Calgary-based company says the profit […] This post is only…
Jobless claims total 215,000, fewer than expected; productivity rises 6.6%
https://www.cnbc.com/2022/03/03/weekly-jobless-claims-.htmlJobless claims total 215,000, fewer than expected; productivity rises 6.6%Initial claims for unemployment insurance totaled 215,000, the lowest tally since the beginning of the year and fewer than Wall Street […] This post is only…
Crude Oil
Oil jumps, Brent above $116 per barrel as supply issues persisthttps://www.cnbc.com/2022/03/03/oil-markets-russia-sanctions-russia-ukraine-invasion-global-supply.htmlOil prices extended their rally on Thursday, with Brent rising above $116 a barrel, as trade disruption and shipping issues […] This post is only…