Russian President Vladimir Putin finished his meeting with United States Special Envoy Steve Witkoff after around three hours, Putin’s press service said on Wednesday. Russian presidential aide Yuri Ushakov stated it was “useful and constructive,” adding that the topics included the war in Ukraine and prospects for the development of bilateral strategic cooperation. US President …
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Crude gained over 1% on Wednesday after United States President Donald Trump threatened to impose tariffs on countries buying Russian energy. The decision could depend on the meeting between Russian President Vladimir Putin and US Special Envoy Steve Witkoff, currently taking place in Moscow. Meanwhile, the latest American Petroleum Institute report on US crude oil inventories saw a 4.2 million …
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Crude oil inventories in the United States decreased by 4.2 million barrels in the week that ended on August 1, private data from the American Petroleum Institute (API) reported on Tuesday. Distillate inventories reportedly increased by 1.6 million barrels in the reported week, while gasoline stockpiles fell by 900,000 barrels. Reserves in Cushing, Oklahoma, increased …
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Crude oil prices slipped almost 2% on Tuesday after reports surfaced claiming that Russia was considering a limited air truce with Ukraine. The halting of drone and missile strikes would reportedly be a gesture to US President Donald Trump to ease pressure from potential US sanctions expected after the August 8 deadline set by him, a …
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A chorus of stock market prognosticators at some of Wall Street’s biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data. On Monday, Morgan Stanley, Deutsche Bank AG and Evercore ISI all cautioned that the S&P 500 Index is due for a near-term drop in the weeks and months ahead. The predictions …
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Israeli Prime Minister Benjamin Netanyahu will supposedly hold a security meeting later today to discuss plans for a military operation in Gaza, Channel 12 reported on Tuesday. According to the news outlet, Israel Defense Forces (IDF) Chief of Staff Eyal Zamir will be in attendance, together with Defense Minister Israel Katz and Minister of Strategic …
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Hedge funds boosted their bullish bets on crude oil at the fastest pace in over a month as US President Donald Trump’s threat of additional levies on Russia drove fears about tighter supplies. Money managers increased their combined net-long position on West Texas Intermediate and Brent by 39,779 lots to 299,295, in the week ending …
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies decided during a virtual meeting on Sunday to hike oil production for September by 548,000 barrels per day (bpd), energy journalist Amena Bakr reported. “The phase-out of the additional voluntary production adjustments may be paused or reversed subject to evolving market conditions. This flexibility …
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United States President Donald Trump announced on Friday that he ordered the deployment of two nuclear submarines in response to recent comments made by Russian Security Council Deputy Chairman Dmitry Medvedev. “Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council …
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The prices of oil futures plunged by almost 3% on Friday as investors assessed the impact of United States President Donald Trump’s numerous sets of tariffs on different countries and industry sectors that took effect on August 1. West Texas Intermediate (WTI) for September’s deliveries plunged by 3.09% at 12:33 pm ET to $67.18 per …
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