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2:41 p.m. Nov. 26, 2021 - Barrons.com
The Wild Ride of 2021 Home Prices Home sales were hot in 2020, but got even hotter this year, based on National Association of Realtor numbers. For next year: probably lower growth and higher mortgage rates.
9:42 a.m. Nov. 26, 2021 - By William Watts
U.S. oil benchmark plunges 13% as new COVID variant sparks shutdown fearsInvestors pushed the sell button on crude Friday, on concerns a new strain of COVID will cut into demand for the commodity.
9:33 a.m. Nov. 26, 2021 - By William Watts
OPEC+ has excuse to pause oil production increases after COVID variant sparks crude plungeA plunge in crude-oil futures sparked by the discovery of a new COVID variant raises the probability OPEC+ will pause production increases next week.
2:59 a.m. Nov. 25, 2021 - Barrons.com
Oil Prices Hover Near Year-Highs as OPEC Mulls Output Freeze Prices remain at around $80 a barrel as U.S. decision to release strategic reserves fizzles out
2:22 a.m. Nov. 25, 2021 - By Barbara Kollmeyer
International Hotels Group climbs as Jefferies says time to buy leisure, while Vivo Energy soars on buyoutLondon stocks were modestly higher on Thursday, with gains for hotel and pub operators, but energy stocks weighing on the downside.
11:38 a.m. Nov. 24, 2021 - By William Watts
Oil ends slightly lower as inventories rise, traders await OPEC+ response to reserve releaseOil futures end slightly lower, holding their ground after a rise in U.S. crude inventories as traders awaited OPEC+'s response to a coordinated release of strategic reserves.
1:56 a.m. Nov. 24, 2021 - Barrons.com
U.S. Moves to Lower Oil Prices, Retailers Close for Thanksgiving: Barron’s Daily Retailers closed on Thanksgiving amid labor shortage, Macy’s promotes 95th Thanksgiving Day Parade with NFTs, Jamie Dimon jokes JPMorgan will outlive China’s Communist Party, and other news to start your day.
11:15 p.m. Nov. 23, 2021 - Barrons.com
Why High Gas Prices Will Stick Around Actions by OPEC+, green energy policies in the U.S., and investor demands will keep gas prices elevated.
7:05 p.m. Nov. 23, 2021 - MarketWatch.com
Asian markets decline amid inflation, oil price worriesAsian shares fell Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might raise interest rates.
11:10 a.m. Nov. 23, 2021 - By William Watts
Why oil prices jumped despite the U.S. tapping the Strategic Petroleum ReserveOil futures rise sharply after President Joe Biden taps the Strategic Petroleum Reserve in a move joined by five other countries. Here's what's happening.
11:04 a.m. Nov. 23, 2021 - Barrons.com
OPEC's Response to Biden's Oil Move Could Matter More The cartel could slow its production increases, but there is a political risk.
10:18 a.m. Nov. 23, 2021 - By Robert Schroeder
Biden vows gasoline prices will drop 'before long' but not 'overnight' as he orders oil-reserve releasePresident Joe Biden vowed Tuesday that Americans would see a decrease in gasoline prices following his order to release oil from the nation's strategic reserve, but cautioned they wouldn't pay less right away.
10:17 a.m. Nov. 23, 2021 - By William Watts
Oil prices end higher after U.S. Strategic Petroleum Reserve releaseOil futures, which have been in retreat over the last four weeks, end solidly higher after the U.S. and other countries announced a coordinated release of crude from their strategic reserves.
7:53 a.m. Nov. 23, 2021 - By William Watts
U.S. taps Strategic Petroleum Reserve in global effort to push down oil pricesPresident Joe Biden on Tuesday tapped the Strategic Petroleum Reserve as part of an effort by energy-consuming countries to exert pressure on prices.
5:59 a.m. Nov. 23, 2021 - By Barbara Kollmeyer
Oil price rise helps FTSE 100 chisel out gainsEnergy prices kept the FTSE 100 in the black on Tuesday, when the rest of Europe stocks were struggling.
4:44 a.m. Nov. 23, 2021 - By Barbara Kollmeyer
Stick to these stock themes in what could be a volatile 2022, says Charles Schwab's top strategistOur call of the day from Charles Schwab's Jeffrey Kleintop who offers some advice on what he sees are some winning themes in 2022.
4:23 a.m. Nov. 23, 2021 - Barrons.com
U.S.-Led Oil Release Is a New Wild Card for Crude Markets The Energy Department will release 50 million barrels of oil from the Strategic Petroleum Reserve as part of efforts to lower gasoline prices.
2:33 a.m. Nov. 23, 2021 - By Mark Decambre
U.S. oil down early Tuesday as White House announces release of 50 million barrels from strategic reservesWest Texas Intermediate oil oil was down sharply on Tuesday as President Biden to release 50 million barrels of oil from the U.S. Strategic Petroleum Reserve, or SPR, in coordination with other countries, to help ease pricing pressures, supply-chain bottlenecks and surging demand that have emerged in the economic recovery phase of the COVID-19 pandemic. WTI crude for January delivery was trading 29 cents, or 0.4%, lower at $76.43 a barrel on the New York Mercantile Exchange, after rising 1.1% on Monday. "As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand, forcing working families and businesses to pay the price," wrote Secretary Granholm, U.S. Secretary of Energy, in a Tuesday statement. "This action underscores the President's commitment to using the tools available to bring down costs for working families and to continue our economic recovery," the energy secretary said. The White House said that the release will come in two parts: 32 million barrels will be an exchange over the next several months, releasing oil that will eventually return to the SPR in the years ahead; and "18 million barrels will be an acceleration into the next several months of a sale of oil that Congress had previously authorized." The statement from the White House said that the U.S. would be ready to take additional action as needed to relieve pricing pressures. The U.S.'s SPR is the world's largest emergency stockpile of crude oil. The SPR was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program, according to the Energy Department. The stocks in the reserve, which have an authorized capacity of 714 million barrels, are federally owned and are stored in underground salt caverns at four sites along the Gulf of Mexico coastline. As of Nov. 12, the SPR had a total of 606.1 million barrels of crude oil, following a drawdown of 11.6 million barrels in October. The Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, have rebuffed calls to increase production, amid concerns that the current prices will compromise the global economic recovery. Biden had previously asked China, Japan, India and South Korea to also release strategic oil along with the U.S. to help lower prices across the globe.
10:25 a.m. Nov. 22, 2021 - By William Watts
Oil bounces as reports indicate Biden, OPEC+ near showdown over crude reservesOil ends higher after a news report said OPEC+ was rethinking plans to boost output as the U.S. leads a coordinated effort to release reserves.
9:58 a.m. Nov. 22, 2021 - By William Watts
Oil ends higher on report OPEC+ could rethink production increasesOil futures ended higher Monday after a news report said the Organization of the Petroleum Exporting Countries and its allies may not stick to a plan to continue slowly boosting production in a possible response to the Biden administration's efforts to organize a coordinated release of crude from reserves of major oil-consuming nations. West Texas Intermediate crude for January delivery rose 81 cents, or 1.1%, to close at $76.75 a barrel on the New York Mercantile Exchange. Bloomberg reported that OPEC+ members were poised to rethink their timetable for raising output, which has proceeded in monthly increments of 400,000 barrels a day, if there is a release from strategic reserves. Bloomberg also reported that President Joe Biden could announce an SPR release as early as Tuesday.
6:04 a.m. Nov. 22, 2021 - By William Watts
Here's what a 1970s inflation-fighting fiasco says about the battle against rising pricesSurging inflation is stirring memories of the 1970s on Wall Street, but isn't doing much to bolster the value of one of the era's notorious political artifacts.
10:13 a.m. Nov. 19, 2021 - By Myra P. Saefong
Oil settles at a 7-week low as rising Europe COVID cases may hurt on demandOil prices settle Friday at their lowest in about seven weeks, down a fourth straight week, after Austria announced a national lockdown starting Monday.
5:45 a.m. Nov. 19, 2021 - Barrons.com
Oil Prices Drop on Bearish Supply and Demand Signals Surging Covid cases in Europe and the potential release of oil from strategic reserves weigh on crude and energy stocks.
10:10 a.m. Nov. 17, 2021 - By Myra P. Saefong
Oil logs lowest finish since early October as Biden administration seeks ways to tamp down pricesOil futures dropped on Wednesday to their lowest settlement since early October, as President Joe Biden seeks ways to lower the price of gasoline for U.S. consumers.
9:38 a.m. Nov. 17, 2021 - Barrons.com
Biden's Gasoline Letter Won't Change the Price at the Pump The president asked the Federal Trade Commission to investigate whether oil and gas companies are artificially boosting the cost of gasoline.
6:52 a.m. Nov. 17, 2021 - Barrons.com
Could Monetary Policy Be Skewed by Fiscal Objectives? Calculations of how inflation could affect government debt are too obvious for even the independent Fed to ignore. Leslie Lipschitz on why the Fed has to resist anyway.
6:21 a.m. Nov. 16, 2021 - Barrons.com
Oil Prices Could Slip, International Energy Agency Predicts The forecast goes against the Wall Street view of modest growth in supply.
10:14 a.m. Nov. 15, 2021 - By Myra P. Saefong
U.S. oil futures finish higher, shake off losses from fears of a possible Strategic Petroleum Reserve releaseOil futures finish on a mixed note Monday, with global prices lower but the U.S. benchmark ending higher after shaking off earlier losses tied to the possibility of a release of crude from the Strategic Petroleum Reserve.
8:27 a.m. Nov. 15, 2021 - By Myra P. Saefong
Why tapping the SPR is one of many 'bad' options to ease gasoline pricesThe U.S. Strategic Petroleum Reserve is the world's largest emergency stockpile of crude oil, but talk of a release from the reserve may be only a short-term fix to high prices of oil and gasoline.
1:38 a.m. Nov. 13, 2021 - By Rachel Koning Beals
Expect 2022 to be a record year for wind and solar power, S&P Global says --- but what about supply-chain bottlenecks?U.S. solar and wind growth is on pace to notch records in 2022, pushed there by government incentives and private-sector demand, a new report from S&P Global Market Intelligence says.
10:19 a.m. Nov. 12, 2021 - By Myra P. Saefong
Oil ends lower, down a third-straight week ahead of potential U.S. move to ease high pricesOil futures fall Friday to end lower for the week on strength in the dollar, as traders consider the possibility of a release of crude from the Strategic Petroleum Reserve.
5:19 a.m. Nov. 12, 2021 - Barrons.com
GE and the Death of the Conglomerate, Alibaba and Stock Buybacks: Barron’s Daily AstraZeneca says Covid-19 vaccine now profitable, schools relax mask requirements, Alibaba looks to make its Singles Day a global thing, and other news to start your day.
6:56 a.m. Nov. 11, 2021 - Barrons.com
Why Oil's Hot Streak Could Cool The latest OPEC report indicates that high prices are starting to hurt demand again.
3:01 a.m. Nov. 11, 2021 - By William Watts
OPEC leaves 2022 forecast for global oil-demand growth unchangedThe Organization of the Petroleum Exporting Countries on Thursday left its forecast for global oil-demand growth in 2022 unchanged from its October estimate at 4.2 million barrels a day, while trimming its forecast for 2021 growth by around 160,000 barrels a day to 5.7 million barrels a day. That would put global oil demand at 100.6 million barrels a day in 2022, around 500,000 barrels a day above 2019 levels, while 2021 demand is seen at 96.4 million barrels a day, OPEC said in its monthly report. The organization, meanwhile, left its forecast for non-OPEC liquids supply growth in 2021 and 2022 unchanged at 700,000 and around 3 million barrels a day, respectively. That puts non-OPEC supply at 63.6 million barrels a day this year and 66.7 million barrels a day in 2022.
10:04 a.m. Nov. 10, 2021 - By Myra P. Saefong
Oil prices suffer first loss in 4 sessions as weekly U.S. crude supplies edge higher, U.S. dollar strengthensOil futures fall on Wednesday, posting their first loss in four sessions, pressured by a weekly rise in U.S. crude inventories, as well as strength in the dollar on the heels of a hotter-than-expected inflation reading.
10:04 a.m. Nov. 9, 2021 - By Myra P. Saefong
Oil prices end at 2-week high as talk of potential U.S. SPR release highlights supply shortageOil futures settle on Tuesday at their highest level in two weeks, with some analysts pointing out that talk of a potential release of crude from the U.S. Strategic Petroleum Reserve highlights the shortage of supplies.
12:28 p.m. Nov. 8, 2021 - By William Watts
U.S. infrastructure bill 'screams bullish for oil' as crude futures post back-to-back session gainsOil futures finish higher to kick off the week Monday, finding added support following the passage of a $1 trillion infrastructure spending package.
9:42 a.m. Nov. 8, 2021 - By Myra P. Saefong
Oil futures post back-to-back session gains Oil futures , with prices settling at their highest level in almost a week. Prices got a boost on the back of the $1 trillion U.S. infrastructure spending packet and Saudi Arabia's move to lift prices for crude exports, analysts said. Meanwhile, a survey from S&P Global Platts revealed that OPEC+ -- the Organization of the Petroleum Exporting Countries and its allies -- has struggled to raise production to meet its current output quotas. OPEC+ output rose by 480,000 barrels per day in October, but , the survey said. December WTI oil rose 66 cents, or 0.8%, to settle at $81.93 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since Nov. 2, according to FactSet data.
8:40 a.m. Nov. 8, 2021 - Barrons.com
Biden Wants to Tackle High Gas Prices. He Has Few Options. Oil companies -- and their investors -- are hesitant about growing production.
6:02 a.m. Nov. 8, 2021 - By Myra P. Saefong
Only half of OPEC+ members raised oil output last month: report Crude-oil production by the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, rose by 480,000 barrels per day in October, but only half of the group's members actually lifted output last month, . The survey said many OPEC+ members are "struggling to pump [oil] as they had promised." The 19 OPEC+ members with production quotas were a combined 600,000 barrels per day below their allocations for the month, putting compliance at 113.21%, the survey said. Within OPEC+, Russia was the largest producer, with output at 9.96 million barrels per day - well above its quota of 9.81 million barrels per day and Russia's highest production since April 2020, the survey showed. Last week, in place, raising production quotas by 400,000 barrels per day in December. , December crude was up 47 cents, or 0.6%, at $81.74 a barrel on the New York Mercantile Exchange. January Brent crude traded at $83.18 a barrel, up 44 cents, or 0.5%, on the ICE Futures Europe exchange.
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