In the second half of 2023, the International Energy Agency forecasts a 2 million bpd supply deficit. The rise in oil prices is a result of positive developments in the US debt ceiling negotiations. Due to a slowdown in China’s economic growth, US crude oil prices are rising despite rising …

Natural gas demand has been an unexpected beneficiary of the green revolution, leading to a boom in demand for natural gas as a multi-year trend. Companies that supply major parts necessary for the natural gas business, like Chart Industries, report that business is booming and that booming business is very …

Treasury Secretary Janet Yellen warned the US could breach its debt limit by June 1, potentially setting off a recession in the event of default. Yellen also and said a default “could lead to a recession,” so several analysts believe a resolution to the debt ceiling issue could potentially buoy …

On Wednesday, Wall Street’s Big Tech will return.As investors continue to employ the strategies that have been successful for them over the previous ten years, the tech sector continues to be the primary driver of the major US stock indices. Investors are still primarily focused on discussions regarding lifting the …

Gold was subject to a sharp drop below $2,000, remaining under pressure and potentially testing the crucial support level of $1,970. Silver also lost ground, falling to $23.60. Crude oil prices retraced some of Monday’s gains, with WTI ending around $70.55. Cryptocurrencies also experienced losses; BTC/USD falling below $27,000 by …

“Fed will have to stay ‘super strong’ in its inflation commitment,” said Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic while participating in a conference hosted by the Federal Reserve Bank of Atlanta. “Fed is ‘far beyond success’ on its employment mandate, a ‘bit of pulling back’ in the …

Wall Street is watching for signs of movement in the debt-ceiling impasse, with a meeting between President Joe Biden and House Speaker Kevin McCarthy set for Tuesday afternoon in Washington.US stocks were mixed during midday trading on Tuesday as investors digested fresh economic data and focused on negotiations over the …

Oil futures retreated on Tuesday as weaker-than-expected economic data in China and the United States counterbalanced a forecast of higher global demand from the International Energy Agency. Brent crude futures settled 32 cents lower to $74.91 a barrel and US crude edged down 25 cents to $70.86. Chinese data showed …

Home Depot’s weak Q1 earnings send warning signs for other retailers. The revised prediction for Home Depot shows that even more affluent Americans who own homes have started to be frugal with their money. Target and other retailers who report in the upcoming weeks may be worse off due to …

Gold prices fall 1.48% as US economic data showcases resilience, led by strong retail sales and industrial production figures. Hawkish tones from Fed officials Mester and Barkin contribute to rising US Treasury bond yields, further pressuring gold prices; trading at $1985. 76 per ounce at the time of writing. Upcoming …