Post Tagged with: "high energy prices"

Source: Reuters

Analysis: High energy prices could sink U.S. stocks during earnings season


NEW YORK – Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red.


Brent crude LCOc1 has surged nearly 40% …

Source: Fox Business

Tapping US SPR will make oil supply situation worse

Fox Business

There is some speculation the White House may soon announce a plan to curb sky-high energy prices, which could include tapping the U.S. Strategic Petroleum Reserve [SPR]. Reports circulated again Thanksgiving week that President Biden has asked …

Source: Reuters

Oil set for fourth weekly gain with high energy prices in focus

World Oil

(Bloomberg) –Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices.

West Texas Intermediate, which dipped on Friday, has still climbed about 4% this week. Investors have …