Tag: @LCO26Z
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Rubio says Tehran missed ‘multiple’ chances for nuclear deal amid Iran stalemate
Iran has failed to take advantage of “multiple opportunities” to reach a deal on its nuclear program, Secretary of State Marco Rubio said Wednesday.
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Chevron CEO warns against ‘unwise’ diesel export ban, saying it could make things worse
His comments come as rising Middle East crude exports and an emergency G7 stockpile release appear to have helped to ease supply fears.
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Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
Oil rose Wednesday, as concerns over attacks by Yemen’s Iran-backed Houthis on Saudi Arabia outweigh a higher crude supply in Middle East.
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Trump isn’t ‘completely wrong’: Hormuz disruption is Asia’s problem, says Singapore’s foreign minister
Trump has said that Asian economies, which are heavily reliant on energy shipped through Hormuz, should shoulder more of the burden of keeping the waterway open.
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CNBC Daily Open: Fragile rebound in oil exports threatened by Iran attacks in Hormuz
Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through Hormuz, the Persian Gulf or off the coast of Oman.
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How quant funds beat the market by being ‘early, contrarian and right’
Quantitative hedge funds have captured big trends in bonds and oil to outperform the stock market this year.
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CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
Beijing shuts down a quarter of its banks in order to shore up its financial system, while worries persist over oil and AI.
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Stocks remain under the thrall of higher yields and higher oil. Here’s what’s ahead
Wall Street got a taste this week of what a reprieve on both fronts could mean for the stock market.
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Eurozone inflation hits its highest level in three years at 3.8%
Annual euro zone inflation hit 3.8% last month, its highest level since September 2023.
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Oil prices fall over 3% on report of potential diesel, crude stock release; Brent back below $100
It comes after Reuters reported that EU nations were discussing a proposal to release diesel reserves following pressure from the Trump administration.
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