#WTI Crude (Jun&x27;22)

[reportwire]

Oil prices jump after EU leaders agree to ban most Russian crude imports

Oil prices jump after EU leaders agree to ban most Russian crude imports

EU leaders reached an agreement to ban 90% of Russian crude by the end of 2022. Joe Klamar | Afp | Getty Images Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year. During Asia hours on Tuesday, U.S. crude futures for July were up 2.81% to $118.29, while Brent crude futures rose 0.93% to $122.80. Contracts for August also traded…

[clothinglennyco]

JPMorgan predicts $6 gasoline by the end of the summer

JPMorgan predicts $6 gasoline by the end of the summer

Consumers are already feeling pinched at the pump with gas prices at record levels, and it could be about to get worse, according to JPMorgan. The firm forecasts the national average surging above $6 come August, topping out at $6.20 for a gallon of regular gasoline. If these prices come to fruition, JPMorgan said it would “pose significant upside risks to [the firm’s] inflation forecast.” The…

[reportwire]

Hong Kong's Hang Seng index drops 1%; Alibaba and Tencent shares drop

Hong Kong’s Hang Seng index drops 1%; Alibaba and Tencent shares drop

SINGAPORE — Shares in Asia-Pacific were lower in Wednesday trade, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Hong Kong’s Hang Seng index shed 1.24%, as of its final hour of trading, with shares of Tencent and Alibaba both declining more than 3% each. Elsewhere, the Kospi in South Korea dipped 0.11% to close at 2,677.57 while the…

[reportwire]

Warren Buffett is on a roll. Here is what's behind his big moves and what could come next

Warren Buffett is on a roll. Here is what's behind his big moves and what could come next

After a six-year deal-making drought and a long stock-selling streak, Warren Buffett is back with a bang. Source link