Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average at $3.58 per gallon as of April 4. The national average hit a new multi-month high on Thursday morning, rising to $3.58 per gallon, the highest since October 14, Patrick …
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Israel’s security agency Shin Bet announced on Thursday it prevented a terrorist cell from conducting a series of terror attacks across the country and the West Bank and assassinating National Security Minister Itamar Ben-Gvir. Shin Bet said in a statement the cell comprised four Palestinians and seven Israeli Arabs, who planned to create a weapon …
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The United States Central Command (CENTCOM) stated that its forces intercepted one inbound anti-ship ballistic missile (ASBM) along with two unmanned aerial systems (UAS) launched by the Yemen-based Houthis toward the USS Gravely (pictured) in the Red Sea. Additionally, US forces neutralized a mobile surface-to-air missile system in a Houthi-controlled area of Yemen, CENTCOM …
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With Brent crude oil closing in on $90 per barrel on Wednesday, Bank of America energy analysts have boosted their price forecast for this year to average $86 per barrel and peak this summer at $95 per barrel.Citing an improving global economic outlook and tightening inventories, Bank of America is sees Brent crude averaging $86 per …
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Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, increased by 3.2 million barrels to 451.4 million barrels in the week ending March 29, the Energy Information Administration (EIA) revealed in its report on Wednesday. The figure marked a larger-than-expected buildup. The country’s inventories …
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Russia’s crude oil exports by sea reached the highest point yet this year in the last week of March, as weather conditions at Russia’s Pacific Port improved. Bloomberg tanker tracking data shows that four-week average seaborne crude exports in the period to March 31 reached their highest level since November. Russia agreed to cut crude …
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The prices of precious metals rose late Sunday, with gold hitting a fresh all-time high of $2,254.40. The surge follows data released on Friday, suggesting a cooling in the Fed’s preferred inflation measure in February, suggesting a potential reduction in borrowing costs within the year, despite the central bank’s overall cautious stance. So far this year, gold has …
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During Monday’s virtual meeting between the United States and Israeli officials, the formers expressed serious concern about the looming threat of famine in Gaza and strongly criticized the Israeli Defense Forces’ (IDF) plans for Rafah, Israel’s Channel 12 reported on Tuesday, citing a readout of the meeting. “You’re going to be responsible for the third famine crisis of …
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Ukrainian drones hit the primary refining unit of Russia’s third-largest refinery southeast of Moscow more than 800 miles from the front line, Reuters reported on Tuesday. The Taneco refinery of Russian company Tatneft in Tatarstan, an industrialized region southeast of Moscow, was attacked by Ukrainian drones in the latest such attack from Ukraine on Russian refining …
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Senior general killed in air strike on embassy compound Tehran says Israel bears full responsibility for consequences Iran said it would take revenge on Israel for a deadly air strike on its embassy compound in Syria — a rare direct confrontation in the adversaries’ escalating proxy conflict over the war in Gaza. “The crime won’t …
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