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Original post By Stuart Burns On Thursday, two tankers carrying petrochemicals, one of which was a Japanese-owned ship, came under suspected attack in the Gulf of Oman. The incidents compounded the already simmering hostilities in what's possibly the world's most pivotal maritime cor...
On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman, and Rob Cittadini, director, Americas institutional, discussed the potential market impacts of brewing tensions between the U.S. and Iran. They also chatted about the latest headlines surrounding i...
The global economic and geopolitical landscapes are pulling the price of crude oil in opposite directions. The price of the energy commodity dropped from a high at $66.60 on the nearby NYMEX WTI futures contract and $75.59 on Brent futures in late April to lows that are not far below the curre...
The total count of active U.S. drilling rigs falls by 6 to 969, the fifth decline in six weeks, according to Baker Hughes' latest weekly survey . More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, iPath S&P Crude Oil Total Return Index ETN, Energy stoc...
In the United States, the ethanol mandate requires a blend of gasoline and the biofuel to power automobiles. Last century, the introduction of the blend served three purposes. First, it lowered US dependence on imported oil from the Middle East, which was likely the primary reason for the regu...
Following yesterday's bearish report from OPEC that trimmed its forecast for world oil demand, the IEA has also slashed its estimates for the second straight month. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude...
Crude oil prices jump as much as 4% following attacks on two oil tankers in the Gulf of Oman, close to the Strait of Hormuz, where more than 30% of the world's shipped oil passes through; currently, WTI +3% to $52.67/bbl, Brent +2.8% to $61.67/bbl. More news on: Frontline Ltd...
When the crude oil market becomes ugly, the price action can be hideous. In 2014, the price began to fall from a high at almost $108 per barrel on the nearby NYMEX futures contract. The selling ended in February 2016 with the price at a low at $26.05 per barrel. Crude oil then recovered and ma...
In recent weeks, renewed trade concerns, slowing oil demand, and a notable acceleration in implied U.S. oil production have spurred a material sell-off in oil. Similar concerns caused oil prices to drop at the end of last year, which prompted OPEC+ (i.e., the Organization of the Petroleum Expo...
Just hours ago, oil prices were flashing red as they neared the $50 level, but overnight reports of tanker explosions in the Gulf of Oman has triggered a sudden turnaround. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long...
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GRUBBRR Partners with Olo to Enhance Onsite Dining Experience PR Newswire Streamlining Restaurant Operations with Integrated Self-Ordering and Payment Solutions BOCA RATON, Fla. , July 30, 2024 /PRNewswire/ -- GRUBBRR, a leading provider of self-ordering tech...
Nineteen enhancements launched to help brands increase orders, streamline operations, and improve guest experiences Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and u...