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Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no
Supply Risk Drives Oil Market Upside – TDS
Oil market upside is driven by supply side risk. Meanwhile, the impact to oil supply from hurricane Beryl was less than expected, adding further downward pressure to the market, TDS Senior Commodity Strategist Ryan McKay notes.
Jim Cramer Says He Will Pay No Amount For This Energy Stock, Calls Ferguson A 'Very, Very Good' Company
On CNBC's "Mad Money Lightning Round," Jim Cramer said Ferguson plc (NYSE:FERG) is a "very, very good" company. However, he recommends Trane Technologies plc (NYSE:TT) or Carrier Global Corporation (
Petrobras (PBR) Raises Domestic Gasoline Prices in Brazil
Brazil has been facing several financial challenges, with crude oil prices increasing by 13% this year, recently hitting $87 per barrel, the highest since April.
Petroleo brasileiro SA Petrobras has raised gasoline prices for the first time in 11 months, which may further exacerbate inflation in Brazil.
As crude oil prices rise and mmf depreciates, Petroleo Brasileiro SA Petrobras announced on Monday that it will raise dealer rbob gasoline prices by 7.1% to 3.01 reals per liter ($0.55 USD) each.
GTJA Securities: Crude oil prices continue to trade in line with seasonal expectations.
Last week, crude oil prices continued to remain strong and broke through previous resistance levels. In terms of demand, according to the EIA report, the demand for refined products improved marginally month-on-month and crude oil inventory reduction was better than expected.