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Oil Jumps 5% as Caspian Pipeline Disruption Adds to Supply Fears
Date: March 23, 2022
By Shadia Nasralla and David Gaffen LONDON/NEW YORK (Reuters) -Oil prices jumped 5% to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up $5.95, or 5.1%, at $121.43 a...
Wheat Prices Soar on Ukraine Fears, but U.S. Growers Can’t Cash In
Date: March 21, 2022
By Julie Ingwersen and P.J. Huffstutter CHICAGO (Reuters) – After Russia’s invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. Local prices shot up roughly 30% to nearly $12 a bushel, about the highest Ehmke could recall in 45 years of farming near the western Kansas...
Oil Prices Up, Well Over $100/bbl but Headed for Weekly Loss
Date: March 18, 2022
By Laura Sanicola (Reuters) – Oil prices edged higher on Friday, still above $100 a barrel, but were set for a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market. Brent crude futures rose 38 cents, or 0.7%, to $107.02 a barrel by 12:05...
Stocks Cling to Week’s Gains, Biden Talks Russia With Beijing
Date: March 18, 2022
By Huw Jones LONDON (Reuters) – Global stocks were just below water on Friday with most of their strong gains for the week still intact but the mix of rising interest rates, high oil prices and war in Ukraine kept risk-taking at bay. U.S. stocks were also set for a pause, with trading on Wall...
Ukraine War Throws Vw Outlook Into Question, CEO Warns
Date: March 15, 2022
By Victoria Waldersee and Miranda Murray BERLIN (Reuters) -A lack of wiring harnesses from Ukraine has overtaken a shortage of semiconductors as Volkswagen’s biggest supply chain headache as the Russia-Ukraine war clouds its prospects for this year, the world’s No.2 carmaker warned on Tuesday. Rising raw material costs will drive up prices for both electric...
Scant Progress Evacuating Ukrainian Civilians Despite Russian Ceasefire Promise
Date: March 9, 2022
By Natalia Zinets LVIV, Ukraine (Reuters) – Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee besieged cities, but there were only limited signs of progress providing escape routes for hundreds of thousands of people trapped without medicine or fresh water. The governor of Sumy, an eastern city, said civilian cars...