Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
Category: Oil (Petroleum) and Gasoline
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Oil Markets Edge Higher After Days of Attacks in Persian Gulf
Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
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Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
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How Much Have Airfares Risen With High Jet Fuel Costs?
While prices are up overall, there’s a surprising pattern depending on your destination.
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In Europe, Tesla Sales Are Rising Despite Views on Elon Musk
Price cuts and low-interest-rate loans are luring buyers, including people offended by the company’s chief executive.
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Oil Prices Return to Prewar Levels After Four Months
The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
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How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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Stocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares
Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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Oil Prices Fall Toward Prewar Levels as Gulf Shipping Resumes
Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
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Asia Tech Shares Swing Wildly as A.I. Jitters Persist
The turbulence in Asia’s chip-dominated stock markets highlighted how heavily global equities have come to depend on enthusiasm for artificial intelligence.