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In Surprise, OPEC Plus Announces Cut in Oil Production

Coronavirus (2019-nCoV) International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Saudi Arabia Saudi Aramco

In Surprise, OPEC Plus Announces Cut in Oil Production

Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.

By Clifford Krauss

In Surprise, OPEC Plus Announces Cut in Oil Production

Coronavirus (2019-nCoV) International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Saudi Arabia Saudi Aramco

In Surprise, OPEC Plus Announces Cut in Oil Production

The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.

By Clifford Krauss

The Fed’s Preferred Inflation Gauge Cooled Notably in February

Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Personal Finances Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

The Fed’s Preferred Inflation Gauge Cooled Notably in February

A closely watched measure of price increases provided encouraging news as the Fed considers when to stop raising rates.

By Jeanna Smialek

Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned

European Central Bank Inflation (Economics) Prices (Fares, Fees and Rates)

Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned

Companies’ rising profit margins could be contributing to persistent inflation, a European Central Bank policymaker says.

By Eshe Nelson