Economy News Oil Price Surge Is The No 1 Threat To The Us Economy, Moody’s Economist Warns
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Oil prices dip after surge, remain on track for weekly gain amid supply fears
Brent crude futures fell 17 cents, or 0.3%, to $65.82 by 0024 GMT. U.S. West Texas Intermediate crude futures were down 17 cents, or 0.3%, at $61.62. Both benchmarks jumped more than 5% on Thursday ... Read More
‘Jenga Tower’ US Economy Teeters as Middle Class Pulls Back Spending
The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households, as higher-income Americans continue to drive growth. Read More
Oil prices surge as Trump hits Russian energy giants with sweeping new sanctions
Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures ... Read More
Global Oil Prices Surge Above $60 as US Sanctions Target Russia’s Oil Giants
Global oil prices surged more than 3% on October 22, climbing above $60 a barrel to a two-week high following the United States’ announcement of sanctions on Russia’s two largest oil producers, ... Read More
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