If Donald Trump becomes president, he’s going to wave a magic wand on his first day in office and poof! The cost of food, energy, insurance, and many other things will suddenly plunge. This is the gist of Trump’s riff on inflation, which he used to blame on President Joe Biden and now blames on
By Florence Tan SINGAPORE (Reuters) – Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday. Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT
Oil prices are expected to peak this summer before heading toward a steep decline in 2025, say Citi analysts. “We essentially think … global inventories will be building a lot next year,” Citi’s global energy strategist Eric Lee told Yahoo Finance this week. On Thursday, West Texas Intermediate (CL=F) rose slightly to hover above $82
By Trixie Yap and Yuka Obayashi (Reuters) -Oil prices traded lower on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve’s policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand. Brent crude futures fell