Oil rallies, settles at multi-month high on US crude draw, Russia sanctions
By Nicole Jao (Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions…
Macquarie sees oil momentum as tighter sanctions drive price rally
Investing.com — Oil prices started 2025 on a bullish note, with Brent crude breaking out of its late-2024 trading range and hitting its highest level since August last year, supported by…
Oil rises on US crude draw, Russia sanctions; Gaza ceasefire deal caps gains
By Nicole Jao (Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions…
Beacon Roofing rejects QXO’s $11 billion takeover offer
By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly…
Oil rises on large draw from US crude stocks, Russia sanctions impact; Gaza ceasefire deal capped gains
By Nicole Jao (Reuters) -Oil prices rose about 2% on Wednesday on a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S. sanctions on Russia, while…
US bans use of Red No.3 dye in food, drugs over potential cancer links
(Reuters) -The U.S. on Wednesday banned the use of a synthetic food dye that gives some candies, cakes and certain oral medications a cherry-red color, following evidence that the dye…
Diesel hydrotreating unit at Russia’s Lukoil refinery caught fire, now extinguished sources say
MOSCOW (Reuters) – A diesel hydrotreating unit at a refinery of Russian oil major company Lukoil in the city of Volgograd caught fire on Wednesday morning, two oil industry sources…
Slovakia’s Fico set to survive no-confidence vote as coalition rebels say they’ll back him
(Reuters) – Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.…
Dollar weakens after CPI shows cooling inflation; yen firms on BOJ talk
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) -The dollar weakened against major peers on Wednesday after cooler-than-expected data eased fears that inflation was accelerating and increased the chances…
France to decide response to Algeria ‘hostility’ as tensions mount – minister
By John Irish PARIS (Reuters) – President Emmanuel Macron and key members of the government will meet in the coming days to decide how to respond to what Paris deems…
