Tag : oil prices

Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs
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Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs

manamalive.com
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum....
Shell profits drop 16% but maintains strong shareholder returns
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Shell profits drop 16% but maintains strong shareholder returns

manamalive.com
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion share buyback....
Brent crude inches higher amid falling U.S. crude inventories
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Brent crude inches higher amid falling U.S. crude inventories

manamalive.com
Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism....
Dow Jones rises while Fed decision draws investor focus this week
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Dow Jones rises while Fed decision draws investor focus this week

manamalive.com
Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro and boosted MicroStrategy....
Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut
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Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut

manamalive.com
In a pivotal move, OPEC+ members, responsible for over 40% of global oil supply, have agreed to substantial voluntary production cuts for early next year. The decision, led by Saudi Arabia’s commitment to maintain its...
Nasdaq falls as oil prices soar amid concerns of inflation and recession
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Nasdaq falls as oil prices soar amid concerns of inflation and recession

manamalive.com
The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat after a lower open, while the Dow Jones Industrial Average...