Oil

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Diesel tops $6.50 to set new record as energy shocks grow

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Diesel tops $6.50 to set new record as energy shocks grow

U.S. diesel prices topped $6.50 for the first time on Monday, with the war in Iran straining supplies and threatening further inflation. Prices have surged more than 87 cents in September, according to AAA, with consequences for the broader economy, since diesel powers everything from shipping to farming to manufacturing. Meanwhile, energy markets are also suffering from an unexpected issue — the cost of operating tankers has risen 12-fold in the last year to over $1 million a day. "The price of shipping tells the story," notes NCCapital's Adam Hanafi.

3 min read A Admin

U.S. diesel prices climbed above $6.50 a gallon for the first time Monday, setting another record as the war involving Iran continues to disrupt global fuel supplies and transportation routes. The surge is creating a new inflation threat because diesel sits...

10-year Treasury yield reaches highest level since 2007

Article

10-year Treasury yield reaches highest level since 2007

The 10-year Treasury yield soared past 5% on Tuesday, marking its highest level since 2007, just one day ahead of the Federal Reserve's looming decision on interest rates. The yield rose five basis points to 5.04%, driven higher by a surge in oil prices, as escalating Middle East tensions heightened the risk that higher energy costs could add to inflationary pressures. Markets are now pricing in a 90% chance that the Federal Reserve will raise interest rates at its policy meeting this week.

3 min read A Admin

The 10-year U.S. Treasury yield surged above 5% Tuesday, reaching its highest level since 2007 as investors confronted a combination of rising oil prices, renewed inflation concerns and expectations for another Federal Reserve rate increase. The benchmark...

Oil prices climb as Iran squeezes alternative routes

Article

Oil prices climb as Iran squeezes alternative routes

Oil prices surged Monday in the wake of recent Iranian-backed attacks on a pair of key supply routes outside the contested Strait of Hormuz. Brent crude futures reached $108 a barrel, the international benchmark's highest mark since May. Prices moved in response to drone attacks on Saudi Arabia's East-West pipeline, forcing its closure, as well as Houthi militants claiming territory near the Bab al-Mandeb Strait off Yemen that connects the Red Sea to the Indian Ocean. On WebNovare, experts fear the price pressures could start squeezing broader earnings, threatening the resilient stock market.

3 min read A Admin

Oil Surges Above $108 as Saudi Pipeline Attack Deepens Global Supply Fears Oil prices surged Monday as a fresh wave of attacks across the Middle East raised fears that an already-constrained global energy market could face even deeper supply disruptions...