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At Close: Jun 03, 2026

Oil''s Spike Is Inflationary. Will It Become Recessionary?

04:55pm, Wednesday, 02'nd Mar 2022 Barron''s
"A100% increase in oil prices over a year usually triggers a recession," Nicholas Colas, co-founder of DataTrek Research.

North American stock markets gain in late-morning

04:50pm, Wednesday, 02'nd Mar 2022 CTV News
Canada''s main stock index rose by more than 200 points in late-morning trading as the financials sector advanced after the Bank of Canada raised its key overnight interest rate and the energy sector was helped by further increases in oil prices.

Oil Is Thicker Than Blood for OPEC

04:50pm, Wednesday, 02'nd Mar 2022 The Wall Street Journal
It was easier for the Saudi Arabia-led oil cartel to reach an oil output decision this time around. Their choices will only get more difficult as long as the war in Ukraine continues.
Too early to say if Putin has committed war crimes, says Biden

Oil Prices Soar Past $110 on Growing Russian Supply Disruptions

04:45pm, Wednesday, 02'nd Mar 2022 Hart Energy
“This is playing into the tight market scenario, which is going to keep the market very nervous,” said Phil Flynn, senior analyst at Price Futures Group in Chicago.

OPEC holds oil output steady amid high prices, Russian war

04:43pm, Wednesday, 02'nd Mar 2022 Business Today
The OPEC+ coalition of oil producers chose to increase oil production by 400,000 barrels per day in April.

U.S. crude, fuel stocks dwindle as buyers grab from storage - EIA

04:37pm, Wednesday, 02'nd Mar 2022 Investing.com
https://www.investing.com/news/commodities-news/us-crude-fuel-stocks-decline--eia-2776264
WASHINGTON — U.S. President Joe Biden said on Wednesday that “nothing is off the table” when asked if the United States would ban Russian oil and gas after Moscow’s invasion of Ukraine. Earlier in the day, White House press secretary Jen Psaki said the United States is “very open” to imposing sanctions on Russia’s oil […]

Australia joins global oil release

04:36pm, Wednesday, 02'nd Mar 2022 Perth Now
Australia has united with other nations in preparing to release oil reserves to combat rising petrol prices caused by Russia''s invasion of Ukraine.
The former president urged no country "buy Russian oil" while suggesting if he were still president, he would have sold it across the world instead.
Longtime investor Bill Miller said Wednesday that oil stocks are very cheap right now with energy prices soaring.

Oil price rises again as buyers shun Russian crude

02:09pm, Wednesday, 02'nd Mar 2022 BBC UK
Oil and gas prices continue to march upward as Western nations clamp down on major producer Russia.

Oil Looks A Lot Like A Meme Stock

02:07pm, Wednesday, 02'nd Mar 2022 Seeking Alpha

Average petrol prices hit record price amid Russia-Ukraine conflict

02:07pm, Wednesday, 02'nd Mar 2022 Herald Scotland
UK petrol prices have hit a record high amid a surge in oil prices linked to the Russian invasion of Ukraine.
Iowa Senator Joni Ernst called President Biden''s plan to release oil from U.S. reserves a ''drop in the bucket'' and argued it wouldn''t help lower gas prices for Americans.
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