The S&P 500 averted a bear market Friday, trimming losses to finish flat after trading solidly below a key threshold. But history shows that when a bear arrives, it tends to stick around awhile. The large-cap U.S. benchmark SPX, +0.01% ended the session with a gain of less than a point at 3,901.36 after trading …
A dramatic late-session rally brought the S&P 500 back from the brink of a bear market, but the index still sank for a seventh straight week in a stretch of weakness not seen since 2001. The benchmark closed the day little changed in the green, after a selloff earlier sent it down more than 2% …
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President Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of U.S. adults approve of Biden’s performance as president, according to the poll from The Associated Press-NORC Center for Public Research, dipping from …
China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases. Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 …
The Russian rouble firmed past 64 per dollar on Monday, briefly jumping to 62.71 to the greenback, and climbed towards its highest in nearly five years against the euro, supported by continuing restrictions on currency trading. The rouble is the world’s best-performing currency so far this year, although this is due to artificial support from …
Qatar hopes to start sending liquefied natural gas (LNG) to Germany in 2024, the Gulf state’s deputy prime minister told the German daily Handelsblatt on Friday. “We want to have our U.S. Golden Pass liquefied natural gas plant in Texas, in which Qatar Energy holds a 70% stake, ready to deliver to Germany as early …
Low fuel inventories could lead to a crisis this summer in the U.S. Refinery outages could be disastrous during this period of supply tightness. Sankey: we’ve never seen inventories this low, particularly in the northeast. Very low inventories of oil products in the United States and a shortage of refining capacity have laid the foundations …
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Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand. Crude benchmarks continued their spate of wild swings, with both Brent and U.S. crude rising by nearly $5 a barrel in the …
Continue reading “Oil prices reverse losses as US inventories drop”
The United States is nearing numbers of average daily coronavirus cases not seen since winter as the Indian ‘Delta’ variant continues to spread across the country. On Thursday, officials recorded 109,824 new cases of the virus with a seven-day rolling average of 98,518. The U.S. is almost at an average of 100,000 per day, which …
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(Bloomberg) — Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the bank to handle …
Continue reading “Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak”