Tag Archives: energy prices

The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …

Financial markets are so edgy about tensions in eastern Europe, for good reason. Geopolitical scares typically produce very short-lived market disruptions, with commodities and risk assets quick to recover. The standoff between Russia and Ukraine could be different. Russia is threatening a massive invasion that could quickly subdue Kyiv, the …

Ahead of Thursday’s key US Consumer Price Index data scheduled for New York’s morning session, the White House says tomorrow’s inflation data will show a high year-on-year figure.The White House states that its irrelevant month on month number will continue trending lower the rest of the year.The consensus in the …

Isabel Schnabel, member of the Executive Board of the European Central Bank (ECB), mentioned during a Twitter session of Q&A that rising interest rates would not lower energy prices. She added that if current inflation “threatens to lead to a de-anchoring of inflation expectations, we may still need to respond”. …

Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January.The US inflation gauge, as measured by the 10-year breakeven inflation rate per the St. Louis …

The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

Front-month WTI futures surged above the $90.00 level for the first time since 2014 in recent trade on Thursday, taking their on-the-day gains to more than $2.0, which would mark the best one-day performance in three weeks. No specific one fundamental catalyst can be singled out as behind the recent …

Under strong pressures to act against surging inflation, the Bank of England looks ready to explain how it will reduce the vast pile of British government bonds it has bought over the last decade in repeated attempts to stimulate the economy.Most economists polled by Reuters think the BoE will on …

US stocks rallied, although indexes gave up gains unevenly ahead of the close, while government bond yields ticked lower, sending the American dollar in a selling spiral, exacerbated by the breakout of technical levels.The EUR/USD pair trades at its highest in two months at around 1.1450, while GBP/USD jumped to …

The prices of energy, crude and gasoline all increased in 2021 from 2020 according to the latest data released Wednesday by the US Energy Information Agency.Prices increased because of higher demand and a range of other factors. By the end of 2021, commodities on the energy index traded 59% higher …