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Dollar drops on cooler-than-expected U.S. inflation data

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 10 (Reuters) – The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a …

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Shrinking U.S. cattle herd signals more pain from high beef prices

Cuts of meat are seen for sale at a butcher shop in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register CHICAGO, Aug 9 (Reuters) – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle …

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Oil falls 2% on U.S. crude, gasoline build, slight OPEC+ hike

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register U.S. crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target U.S. had …

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Oil drops as weak China factory data fan demand concerns

SINGAPORE, Aug 1 (Reuters) – Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures were down $1.19, or 1.1%, at $102.78 a …

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Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for …

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Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register U.S. drillers add oil rigs for record 23rd month in a row – Baker Hughes. Brent at highest since …

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Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback programme Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – …

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