Oil
Stocks Join Bonds Higher as CPI Fuels Fed Wagers: Markets Wrap
Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling and stocks rising at the end of a wild week for markets. Bitcoin jumped 5%.
Oil Heads for Weekly Loss as Traders Weigh Iran, OPEC+ Outlooks
Oil headed for the first back-to-back weekly drop this year as traders weighed the prospect of expanded OPEC+ supplies against US-Iran nuclear talks and recent weakness in wider markets.
Oil Trading Giants Say Western Sanctions Driving Up Prices
A vast hoard of sanctioned oil that’s stranded at sea is driving up global prices as buyers compete for other barrels, several of the world’s top traders said.
