LONDON—Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6 percent, at $105.89 a barrel at 1358 GMT and U.S. crude fell $7.01,…
Oil Falls $7 on Russia-Ukraine Talk Hopes, China Lockdowns
March 14, 2022
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Farmers Hit Hard by Price Increases as Food Price Spike Looms
March 14, 2022
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Goods and services around the country are becoming increasingly more expensive, but farmers may be among the hardest hit as inflation, supply chain issues, and Russia’s invasion of Ukraine are expected to send food prices soaring even higher. That impact is being felt by farmers around the country. “The cost of fertilizer is up as…
Global LNG Demand Growth Shifts From Asia to Europe on Russia Sanctions
SINGAPORE—Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Ukraine crisis, analysts and industry sources said. High spot prices since late last year have already slowed trade and are likely to crimp demand growth…
Palm Oil Prices Set for New Record Highs in Coming Months: Analyst James Fry
KUALA LUMPUR—Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in export surpluses, including the impact of war in Ukraine, analyst James Fry said on Wednesday. He expected locally delivered crude palm oil prices in Malaysia to range…
Jet Fuel Price Surge Deals Heavy Blow to Fragile Air Travel Recovery
March 8, 2022
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SINGAPORE—Global jet fuel prices have surged to near 14-year highs in line with crude oil’s surge on supply shortfall worries, slamming air carriers and travellers with steep cost increases just as air travel was starting to recover from COVID-19 restrictions. Oil prices have soared to their highest since 2008 as supplies lag recovering global demand…
Average UK House Price Soars by 10.8 Percent to Hit Record High: Index
House prices increased at the fastest annual pace since 2007 in February to hit a new record high, according to an index. At 10.8 percent, the annual rate of house price growth was the strongest since June 2007, Halifax said. The increase took the average house price across the UK to a new record high…
Analysts Adjust Price Target on Salesforce Ahead of Quarterly Results
Analysts slashed their price targets on Salesforce.com Inc (NYSE: CRM) ahead of its quarterly results. Cowen analyst J. Derrick Wood lowered the price target to $285 from $325 (36 percent upside) and kept an Outperform. The analyst previewed its upcoming results. While his reads on Government and MULE are more mixed, he still expects a solid beat and raise…
UK Food Prices Rising as Inflation Bites
Food prices in Britain are rising at near-record levels as the cost-of-living crisis bites, according to new data. Kantar said inflation in February was 4.3 percent, with prices rising fastest for savoury snacks, fresh beef, and cat food, while the cost of bacon, beer, lager, and spirits fell. Sales in the 12 weeks to February…
Oil Prices Soar as Ukraine Conflict Stokes Supply Concerns
LONDON—Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $5.14, or 5.25 percent, to $103.11 a barrel by 1145 GMT. The benchmark touched a seven-year high of $105.79 after the invasion…
Oil Prices Take Breather as Russia Advances Further on Ukraine
LONDON—Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down 33 cents, or 0.3 percent, to $98.75 a barrel at 1045 GMT, after climbing to as high as $101.99. The more active…
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