Today’s build in crude inventories is in line with seasonal trends and adds to the 4.1 million barrels that the EIA estimated for the week prior.

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From a technical analysis standpoint, Brent has tapped into a key area just above the 77.00 price handle. There is an area of resistance resting above at 77.68 with the 200-day MA resting at 77.91.

Producer output (factory gate) prices rose by 0.3% in the year to January 2025. This is up from a revised fall of 0.1% in the ...

President Donald Trump took office with a promise to “immediately bring prices down.” But conquering inflation is tricky, and ...

In addition, further weakness in the euro - UBS sees it falling to $0.99 by the end of 2025 - would be consistent with improving earnings revisions. A 10% fall in the euro may increase European ...

Gas prices could surge as much as 50 cents per gallon in the Midwest, as Canada and Mexico supply more than 70 percent [PDF] of crude oil imports to U.S. refineries. Also at risk are cars and ...

Also in today’s newsletter, Apple teams up with Alibaba to develop AI in China and Elliott builds a 5% BP stake ...

Take a look at how various financial markets are trading following the release of January's consumer-price index: U.S. st ...

Overnight price action was centred around a hotter-than-expected CPI print in the US. US equity markets weakened, as expected, while European bourses rallied mildly on talk of a reciprocal tariff ...

“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...

Oil prices fell in Wednesday's morning session, ending three days of gains thanks to rising U.S. crude stockpiles and hawkish ...