The Latest Breaking News from Oil

Crude oil tops $95 a barrel raising fears of return to rising inflation

Oil price is bad news for central banks trying to tame inflation and will add to pressure to further increase interest rates

The Guardian - UK · Sep 19, 2023

As autoworkers' strike continues in US, Ford workers threaten walkout in Canada

Negotiations between the Canadian Unifor union – representing 5,700 workers – and carmaker Ford have been extended for another 24 hours after a prior labour contract expired at midnight on Monday. A strike could be on the cards if a deal is not found by then. Meanwhile, the US's major…

France 24 · Sep 19, 2023

S&P Futures Tick Higher Ahead of FOMC Meeting, Oil’s Climb Raises Inflation Concerns

December S&P 500 futures (ESZ23) are trending up +0.12% this morning as market participants geared up for a big week for central banks, with the spotlight on the Federal Reserve’s interest rate decision on Wednesday.

Barchart · Sep 19, 2023

Crude Prices Continue Higher on Tight Supply Outlook

October WTI crude oil (CLV23 ) today is up +1.14 (+1.26%), and Oct RBOB gasoline (RBV23 ) is up +0.0141 (+0.52%). Oct WTI crude oil prices today climbed to a new 11-month high, extending the rally seen in the past three months. Oil prices have support from forecasts last week...

Barchart · Sep 18, 2023

Scottish university develops 'sustainable and healthy' alternative to palm oil

RESEARCHERS at a Scottish university have developed a healthy and environmentally friendly alternative to palm oil.

The National (Scotland) · Sep 18, 2023

Iran frees Americans in a swap, gets access to oil money, release of Iranians in U.S.

It's the latest in what has been decades of prisoner swaps between the two countries. The Americans include Siamak Namazi, held since 2015, and Morad Tahbaz and Emad Shargi, both detained in 2018.

WEKU · Sep 18, 2023

Five Americans head home in $6bn US-Iran prisoner swap deal

Joe Biden announces return of detainees as US in turn frees five Iranians under controversial agreement

The Guardian - UK · Sep 18, 2023

Jane Baxter’s budget recipes for Spanish-style chickpeas

A spinach and chickpea salad and a chickpea and chorizo fideuà made with toasted angel-hair pasta

The Guardian - UK · Sep 18, 2023

Inflation rate set to rise again as Bank of England decision on interest rates looms

Core inflation, which excludes food and energy prices, fell to 6.2 per cent, shocking economists and likely putting an interest rate pause on the table when the Bank of England meets on Thursday

Evening Standard · Sep 18, 2023

2 Oil Stocks to Buy Today, 1 to Keep an Eye On

Surging oil prices on solid demand worldwide and extended production cuts by Saudi and Russia are driving the energy sector’s growth. Amid this backdrop, it could be wise to invest in fundamentally sound oil stocks Cheniere Energy (CQP) and Global Partners (GLP), while investors could keep an eye on Viper…

StockNews.com · Sep 18, 2023