IBT Staff Reporter

13891-13920 (out of 154954)

Oil Rises From 3-week Low As Supply Concerns Linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook.

Oil Falls On Uncertainty Over Russia Sanctions, China Demand

Oil prices fell $2 after rising earlier in the session on Thursday amid uncertainty that the eurozone will be able to effectively sanction Russian energy exports, and after consuming nations announced a huge release of oil from emergency reserves.

Oil Settles Lower On Doubts About Russia Oil Sanctions

Oil settled lower on Thursday, adding to weekly losses on uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves.

Dollar Buoyant As Fed Readies To Step Up Inflation Fight

The dollar hovered near a two-year high against a basket of majors on Thursday and pushed commodity currencies further down from recent peaks, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation.

Factbox: How Western Sanctions Target Russia

The West's punishment of Moscow over its invasion of Ukraine ramped up this week following the discovery of civilians shot dead at close range in the Ukrainian town of Bucha, seized from Russian forces.

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