Tag: @LCO27F
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Top Democrat proposes killing tax breaks for overseas oil production
Gas prices in the U.S. averaged $4.06 per gallon on Thursday — a major source of voter discontent heading into November’s midterm elections.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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CNBC Daily Open: Trump’s deal seems to be in dire straits
Trump had said a deal with Tehran could come by Thursday stateside. But if one does not arrive by noon today in Asia, that timeline will have slipped.
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CFRA gets more bullish, hikes S&P 500 year-end target to 8,050
The firm said the revision reflects a confluence of fundamental, technical and historical factors bolstering the market.
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Gas prices could remain high this fall even if crude prices stabilize. Here’s why
The refining market is very tight due to the Ukraine and Iran wars, keeping gas prices elevated even as crude prices fall.
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Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz
Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.
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Stock bears obliterated as Nasdaq 100 logs top 10 bullish stat of past decade
“Pessimists threw in the towel and optimism was running amok today,” said Nations Indexes president Scott Nations.
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Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
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India’s central bank keeps benchmark rates steady, cites ‘moderate’ core inflation
The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.
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U.S. says Strait of Hormuz is ‘free and open’ as Bessent says deal with Iran is close
U.S. Central Command said the “southern route of the Strait of Hormuz remains free and open”
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