High oil prices pressuring price levels, says analyst With Wall Street looking toward March's Consumer Price Index numbers scheduled for release Wednesday, Bankrate chief financial analyst Greg McBride says oil prices continue to slow the progress made in lowering inflation. "We don't have the tai...
Oil prices fell Tuesday as the U.S dollar grew stronger after a Federal Reserve official indicated the central bank may not cut rates as aggressively as the market expects. TheWest Texas Intermediatefutures contract for February dropped 56 cents, or .77%, to trade at $72.12 a barrel. TheBre...
Morgan Stanley rallied 6.4% after reporting stronger profit for the latest quarter than analysts expected. CEO Ted Pick said the investment bank enjoyed a “constructive environment” in its businesses around the world. And with stock prices near records, it’s manag...
These really are the lowest prices crude oil has seen since George W. Bush's first term in office. Crude closed at its lowest settlement since May 2003 on Wednesday and the shock of another selloff was more than enough to rattle equities again. In fact, it was a day of reversals, ...
^IN Stock Market Today: Stocks tumble, Treasury yields leap on hot jobs report CBACWFC Fed members reset interest rate cut forecasts for 2025 Iconic retail chain removes favorite services, fires 400 workers TheStreet Pro ⭐Job data show U.S. economy is undeniably hot, but markets got bad ...
India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off... More Must read New Zealand Shares Remain Subdued as Asian Equities Fall Las Vegas Cy...
This relationship between high oil prices, high debt and low economic development is very much a concern today. In 2000, Kofi A. Annan, the Secretary General of the United Nations, wrote in the International Herald Tribune, that “debt-servicing costs are likely to increase if higher oil ...
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We examine the asymmetric effects of daily oil price changes on equity returns, market betas, oil betas, return variances, and trading volumes for the US oil and gas industry. The responses of stock returns associated with negative changes in oil prices are higher than that associated with posit...