NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
Hi, I’m Mark and we’re back with this week’s edition of Morningstar Minute, where we catch up on everything happening in markets. So I’m joined by Bryce today. So Bryce headlines continue to talk about Iran, the impact on markets markets plunging. What’s happening. Anderson: Yeah. So Iran continues to dominate the headlines. And understandably … Read more
India’s crude inventories fell sharply in March, falling 33% to 8.31 million barrels. (AI image) Impact of US-Iran war: Indian diesel prices rose 20% in March amid the ongoing Middle East conflict. A widening gap between crude oil prices and refined diesel prices led India to raise diesel imports by nearly 20% month-on-month in March, … Read more
CAMBRIDGE, Mass. (AP) – Federal Reserve Chairman Jerome Powell said Monday that it is important to carefully watch inflation during the rise in energy prices since the Iran war. Watch Powell’s comments in full in the video player above. Powell, who spoke in front of about 400 students at Harvard University when gas prices averaged … Read more
Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
Benchmark oil prices extended gains on Monday, as Wall Street indexes and European shares continued in surprise trading. Dublin Euronext Dublin deepened recent losses as it slipped 0.4 per cent, with budget airline Ryanair the standout underperformer as it fell 2.9 per cent to €23.90 a share. In a generally quiet trading day, banks had … Read more
The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more
The S & P 500 Index ($ SPX) (SPY) today fell -0.75%, the Dow Jones Industrial Average ($ DOWI) (DIA) fell -0.21%, and the Nasdaq 100 Index ($ IUXX) (QQQ) fell -1.18%. Stock indexes fell this afternoon as the market dug in for the first oil price of $100+ since 2022, an important milestone reached … Read more
Buy-to-let prices have risen to their highest level in more than a year as turmoil in the Middle East causes a sharp rise in the cost of borrowing for UK landlords. The average two-year rate for homeownership rose from 4.66 per cent at the start of March to 5.29 per cent on 26 March, according … Read more
Competitor Dangote has been forced to import raw materials, exposing Nigeria to global price shocks Nigeria’s petrol pump prices rise by 65%, the highest in Africa The collaborative approach has led to a reduction in household raw food supply Nigeria does not have a formal fuel storage policy LAGOS, March 30 (Reuters) – Fuel prices … Read more