U.S. oil falls to lowest price of 2022 as China protests spark fears

Oil futures fell sharply on Monday, with the U.S. benchmark hitting the lowest price of the year, on track to wipe out almost all that remains of this year’s big gain, as protests over restrictions China’s strict COVID-19 measures have fueled concerns about weak demand for rough from one of the world’s largest consumers. price … Read more

U.S. Crude Oil Price Touches $80 a Barrel

The darkening outlook for the global economy last week dragged U.S. oil prices below $80 a barrel to their lowest levels since September. The declines extended a recent selloff in crude futures fueled by a rise in Covid-19 cases in China. The outbreak has tested Beijing’s relaxation of pandemic controls, threatening to thwart economic activity … Read more

Fact check: Biden’s midterms message includes false and misleading claims

Washington CNN  —  President Joe Biden has been back on the campaign trail, traveling in October and early November to deliver his pitch for electing Democrats in the midterm elections on Tuesday. Biden’s pitch has included claims that are false, misleading or lacking important context. (As always, we take no position on the accuracy of … Read more

U.S., Allies Set Parameters for Price Cap on Russian Oil

WASHINGTON — The United States and its allies have reached an agreement on sales of Russian oil that will be subject to a price cap, rushing to flesh out details of the major new sanctions program before it begins Dec. 5. . The United States and its allies have determined that each shipment of Russian … Read more

The Fed and White House combine for a day that cuts to the heart of Biden’s political problem

CNN — On Wednesday, two Washington power centers will expose the politically toxic dynamics of the top economic issue threatening President Joe Biden’s congressional majorities with the midterm elections less than a week away. The Fed is likely to trigger another historic interest rate hike and, about half a mile from the White House, Biden … Read more

Oil slips as China Covid curbs outweigh concerns over U.S. output

An aerial view of the Phillips 66 oil refinery in the United States. Tayfun Coskun | Anadolu Agency | Getty Images Oil prices fell on Monday on fears that China’s widening Covid-19 restrictions could reduce demand, offsetting signs that production from America’s premier shale field is running out of steam. Crude Brent futures fell 36 … Read more

Opinion: Inflation has driven US politics before

Editor’s note: Meg Jacobs teaches history at Princeton University. Follow her on Twitter @MegJacobs100. The opinions expressed in this commentary are his own. Lily more reviews on CNN. CNN — President Joe Biden is accused of playing politics with oil. His opponents say the reason he releases millions of barrels of oil from the strategic … Read more

Frackers Jockey With Potash Miners for Space to Grow in Top U.S. Oil Field

Frackers at America’s busiest oilfield clash with miners working to boost production of a vital nutrient for crops in short supply after Russia invaded Ukraine. Relentless drilling in the Delaware Basin has boosted New Mexico’s oil production faster than any other state in the past 10 years. But Delaware, part of the Permian oilfield that … Read more

America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive

New York CNN Business — The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also one of the most troublesome. Angry officials in Washington have vowed ‘consequences’ after Saudi-led OPEC sharply cut oil production earlier this month, driving up prices at the pump … Read more

US stocks march higher ahead of tech-heavy earnings week | News

NEW YORK (AP) — Stocks shrugged off an early bout of choppy trading and rose Monday ahead of a week of heavy earnings from big tech companies. The S&P 500 was up 1% at 12:03 a.m. EST. The Dow Jones Industrial Average rose 375 points, or 1.2%, to 31,462 and the Nasdaq fell 0.3%. Bond … Read more