S&P 500 Index Could Post 30% Rise to Reach 4,900 by End of The Year - Analysts The benchmark stock index, which is currently in the range of 3,800, could likely rise to 4,900 by the end of the year, according to JPMorgan economists. Jul 6, 2022By Jacob J
Russia's Medvedev Says Oil Prices Could Rise to $400 Per Barrel if the West Pushes Russia Too Far The world's richest nations have proposed a price cap on Russian oil so as to stop Moscow from building a war chest for the Ukraine campaign. Jul 5, 2022By Jacob J
Crude Oil Price Can Hit $380 Per Barrel if Russia is Forced to Cut Output Over G-7 Price Cap - Report JP Morgan says the "stratospheric" rise in oil price will happen in the wake of the US and European punishment for Russia over the Ukraine war. Jul 2, 2022By Jacob J
Recession Shock for Wall Street Has Begun, Bank of America Warns According to BofA Chief Investment Strategist Michael Hartnett, the 'bull and bear indicator' remains at maximum bearish for a straight third week. Jul 1, 2022By Jacob J
G-7 Plan to Cap Prices of Russian Crude Oil and Gas is Doomed to Fail, Here's Why The G-7 plan is to form a cartel that suppresses Russian crude prices while still making Russia pump crude so that supplies remain ample. Jun 28, 2022By Jacob J
Analyst Says US Stock Market Bear Run Will End in Months, S&P Will Hit 6,000 Level in February 2023 According to the Bank of America, the bear market cycle is likely to end by the middle of October 2022. Jun 17, 2022By Jacob J
Global Markets Rout Gathers Ominous Pace as Interest Rate Hikes Fuel Recession Fears Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors. Jun 17, 2022By IANS
Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline According to Gazprom, deliveries via the Nord Stream pipeline has been slashed by around 40 percent as Siemens is undertaking repairs on the line. Jun 15, 2022By Jacob J
S&P 500 Confirms Bear Market as US Recession Worry Grows Cryptocurrency- and blockchain-related stocks, including Riot Blockchain, Marathon Digital Holdings and Coinbase Global, all plunged. Jun 14, 2022By Reuters
India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year India used a whopping 60 million barrels of Russian oil so far in 2022, as against 12 million barrels in the whole of 2021. Jun 13, 2022By Jacob J
Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen The supply of neon and xenon gasses had already come under strain after Ukraine stopped production following the outbreak of the war. Jun 13, 2022By Jacob J
Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits According to AAA, the national average price for unleaded gasoline was $5.004 a gallon on Saturday, June 11. Jun 11, 2022By Jacob J
Wall Street Investors Run for Cover as Blistering Inflation Hurts Stocks and Bonds The benchmark S&P 500 index fell nearly 3% on Friday while yields on the benchmark 10-year Treasury hit their highest level since early May. Jun 11, 2022By Reuters
What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption While West Texas Intermediate crude futures traded above $122 per barrel on Wednesday, Brent prices were above $123 per barrel. Jun 9, 2022By Jacob J
Ukraine War Worsens Americans' Economic Hardship; National Average Gas Price to Top $4.80 For some more context, a week into the Ukraine war, the US national average gas price was hovering around the sensitive $4 mark. Jun 4, 2022By Jacob J