oil prices

Economic Jitters Drop Oil $2/Barrel, U.S. Crude Stocks Rise

Credits: Engin Akyurt/Unsplash
  • U.S. business activity contracts in Jan
  • U.S. crude stocks likely to rise – poll
  • OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting
  • Oil stocks rose by 3.4 mln bbls last week – sources citing API

Oil falls $2/barrel on economic jitters, U.S. crude stock build, states a Reuters news article.

Crude oil prices slip

Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in...

https://mfame.guru/economic-jitters-drop-oil-2-barrel-u-s-crude-stocks-rise/

Oil Prices Rise On China’s COVID-19 Easing And U.S. Storm Concerns

credit: ben-wicks-unsplash

A recent news article published in the Shipping Tribune states that oil prices climb on easing China COVID-19 curbs, concerns over U.S. storm impact.

Oil prices rose to three-week highs

Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production continued to buoy prices.

Brent crude was up 88 cents, or 1.1%, at $84.80 a...

https://mfame.guru/oil-prices-rise-on-chinas-covid-19-easing-and-u-s-storm-concerns/

FTSE opens higher following mixed overseas trading, with Tesla helping lift tech sentiment

Sophie Lund-Yates, Lead Equity Analyst at Hargreaves Lansdown
  • Tech-heavy NASDAQ is down over 1% after Netflix’s disappointing subscriber losses, but Tesla results put the worst of tech fears to bed
     
  • FTSE100 up 0.4%, following mixed trading from Wall St and Asia
     
  • US Federal Reserve chair Jerome Powell, ECB President Christine Lagarde and Bank of England governor Andrew Bailey are due to meet today, with inflation, interest rates and the Ukraine crisis likely to be discussed
     
  • Oil price...

https://allaboutshipping.co.uk/2022/04/21/ftse-opens-higher-following-mixed-overseas-trading-with-tesla-helping-lift-tech-sentiment/

3PL recap: Data needed to deal with latest supply chain woes

This fireside chat recap is from FreightWaves’ 3PL Summit.

FIRESIDE CHAT TOPIC: How data keeps the supply chain resilient.

DETAILS: Shipper networks have been put to the test over the past two years and data has allowed for shippers to build resilient supply chains despite the curveballs they have been thrown. Environmental, social and governance — known as ESG — is also in the early innings, but data has allowed for carriers and shippers to find and improve inefficiencies within networks and...

https://www.freightwaves.com/news/3pl-recap-data-needed-to-deal-with-latest-supply-chain-woes

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