Oil may ‘collapse’ below $50 a barrel in 2025 if this perfect storm hits
the market
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Oil prices look set to end the year lower as demand weakness, particularly
from China, prevails — but 2025 may bring an even steeper loss, with the
possibi...
42 minutes ago
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New York's main contract, West Texas Intermediate for delivery in November, fell 38 cents to $101.95 in mid-morning trade, while Brent North Sea crude for November dipped 33 cents to $108.04.
ReplyDeleteA mood of crisis enveloped Washington late Monday as a midnight deadline (0400 GMT) loomed with no sign of compromise between the Democratic-led Senate and Republican House of Representatives to head off the first US government shutdown in 17 years.
More than 800,000 non-essential federal workers were to be placed on unpaid furloughs beginning midnight due to the impasse.