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Oil prices fall after US crude inventories rise
... to market sources. Analysts had predicted a small 400,000 barrel drop in crude inventories. The official data is due to be released on Wednesday at 10: 30 a.m. EDT. By 0002 GMT, the price of crude LCOc 1 fell 6 cents to $96.25 a barrel. The US West Texas Intermediate crude CLc 1 futures declined 16 cents to $90.34 a barrel. On Tuesday, oil prices fell slightly after a choppy trading session that saw investors weigh economic concerns over the Russia-to-Europe Druzhba pipeline that transits Ukraine....
Updated: 08/10/2022
Asian markets await inflation data, wait for Fed plans
... this week could mean the Fed is back to its aggressive rate hiking path, which would re-strengthen the USD, said Chao . Oil prices fell after an overnight surge petered out. Brent crude futures fell 15 cents to $96.16 a barrel, while the U.S. West Texas Intermediate WTI crude fell 22 cents to $90.28. The price of gold was down 0.09 per cent at $1,792, down 0.09 per cent. 54 an ounce. It broke through the $1,800 barrier overnight for the first time in more than a month. The price of cryptocurrencies,...
Updated: 08/10/2022
Oil Gains As Ukraine Pipeline Huts
... from Russia to Europe would resume flows, and compared industry estimates that pointed to an increase in US inventories last week. None Home Inventory Soars at a Record Rate With US Buyers Pulling Back the Home Inventory - Soars at a Record Rate West Texas Intermediate held above $90 after Russia spokesman Transneft said Ukraine halted flows through the southern section of the Druzhba pipeline toward Hungary, the Czech Republic and Slovakia on August 4 as sanctions blocked payment of Moscow's transit ...
Updated: 08/10/2022
Cuban fuel depot fire casts shadow on economy
... Venezuela and Europe and shipping it out to smaller terminals across the island. It also supplies fuel to some of the island's thermoelectric generators. Jorge Pinon , the director of the Latin America and Caribbean Energy Program at the University of Texas in Austin, said that it is the sole entry point for Cuba's estimated 40,000 barrels per day domestic crude production. Matanzas critical port and dock installations do not appear to have been affected, he said. The true scope of the damage is not ...
Updated: 08/10/2022
Oil prices fall as inventories rise
... ending August 5, according to market sources. Analysts had predicted a small 400,000 barrel drop in crude inventories. The official API S data is due on Wednesday at 10: 30 a.m. EDT. By 0002 GMT, crude futures fell 6 cents to $96.25 a barrel. U.S. West Texas Intermediate crude futures fell 16 cents to $90.34 a barrel. On Tuesday, oil prices fell slightly after a choppy trading session in which investors were worried about the suspension of oil exports on the Russia-to-Europe Druzhba pipeline that transits ...
Updated: 08/10/2022
House tax panel can access Trump's tax records after legal battle
... rare for a member of Congress to work for a legislative purpose. If he appeals, Trump would have to ask the full circuit court to rehear the case or appeal directly to the Supreme Court . The House committee's top Republicans, Rep. Kevin Brady of Texas, urged Trump to appeal the decision. Brady said in a statement that the ruling will give Congress the ability to target and make public the tax returns of political enemies, as well as give them the ability to make public the tax returns of political ...
Updated: 08/09/2022
Tesla's Full Self-Driving software is a 'deadly threat' to child pedestrians
... proves that the vehicles won't mow down children in crosswalks. Tesla has repeatedly hit back at claims that its self-driving technology is too underdeveloped to guarantee the safety of the car occupants or other road users. After a fiery crash in Texas in 2021 that killed two, Musk said that the autopilot feature, a less sophisticated version of FSD, was not turned on at the moment of collision. At the shareholder meeting earlier this month, Musk said that Full Self-Driving has greatly improved,...
Updated: 08/09/2022
Bitcoin miner earns $9.5 million in power credits in July
RiotBlockchain, one of Texas's largest Bitcoin mining operations, earned $9.5 million in power credits last month by turning off its miners. RiotBlockchain , one of Texas's largest Bitcoin mining operations, earned $9.5 million in power credits last month by turning off its ...
Updated: 08/09/2022
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