|Day's range||71.08 - 72.59|
(Bloomberg) -- Oil clung to gains as a disagreement between Iraq and Kurdish officials curtailed exports and fears of a banking meltdown receded.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock Says$52 Billion Chipmaking Plan Is Racing Toward FailureWest Texas Intermediate edged forward Tuesday and has recovered almo
Crude prices rose for a second day in a row since the start of this week, settling up about half a percent or so on Tuesday to add to the previous day’s 5% surge, as Senate testimony by the Federal Reserve’s supervisory chief Michael Barr did not expand on contagion worries about the U.S. banking crisis unearthed three weeks ago. In a two-hour appearance before a Senate panel on banking, Barr stuck to the inadequacy in risk mismanagement and other “safe” practices at Silicon Valley Bank that led to billions of dollars in customer deposit withdrawals from the California-based lender and at least two other banks that triggered the crisis. If traders were waiting to hear about contagion from the Silicon Valley fallout, they did not get such headlines — from Barr, at least.
(Bloomberg) -- The OPEC+ coalition is showing no signs of adjusting oil production next week, staying the course amid turbulence in financial markets. Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysAlibaba Shares Soar After Historic Overhaul Heralds IPO WaveGroup leader Saudi Arabia has said publicly that the 2