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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.
Biden won’t rule out Russian oil import ban as he prays for Ukraine on Ash Wednesday
04:48pm, Wednesday, 02'nd Mar 2022 The Independent
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
Biden says ‘nothing is off the table’ when asked about banning Russian oil and gas
04:36pm, Wednesday, 02'nd Mar 2022 National Post
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.
Donald Trump Says U.S. Could Have Made a Fortune From Ukraine War
02:26pm, Wednesday, 02'nd Mar 2022 Newsweek
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.
Bill Miller says oil stocks are very cheap right now even with surging energy prices
02:11pm, Wednesday, 02'nd Mar 2022 CNBC
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.
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.
Sen. Ernst calls out Biden: ''Not one iota'' of SOTU was about unleashing American energy production
02:04pm, Wednesday, 02'nd Mar 2022 Fox News
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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