National average gasoline prices hit $4.0030 per gallon as crude oil rallies amid renewed Middle East hostilities and shipping disruptions. The US national average gasoline price climbed to $4.0030 per gallon on July 20, driven by a crude oil price rally following renewed
Rising geopolitical risks in the Middle East drive US gasoline prices to a one-month high, stoking inflation concerns. US average gasoline prices rose above $4 per gallon for the first time in a month, driven by escalating Middle East tensions that lifted global fuel costs
BNY’s Geoff Yu notes that Iran’s signals of continued military response alongside active mediation keep the Middle East conflict in a managed but unstable phase. This backdrop leaves Oil prices higher after recent strikes, though the survival of a diplomatic track marginal
Rising fuel costs threaten inflation progress, complicating the Fed’s policy path amid geopolitical tensions. National gasoline prices jumped from $3.87 to over $4 per gallon in a week as WTI crude surpassed $82 per barrel. The increase follows months of decline, with pric
NEW DELHI, July 20 India's infrastructure output grew 5% year-on-year in June, its fastest pace in five months, according to the first data released under a revised series with 2022-23 as the base year, as strong iron ore and electricity output offset weakness in energy-related...</strong
India’s April-June crude oil import bill surged 60% year-on-year despite lower volumes, pressuring fiscal balances. India’s crude oil import bill rose 60% in the April-June quarter compared to the same period last year, driven by elevated international oil prices. The incr
WTI oil trades down 0.54% at $81.30 West Texas Intermediate oil prices have decreased by 0.54% to trade around $81.30. The decline comes after a recent sharp rally in the commodity. Investors are taking profits as Tehran leaves the door open to diplomacy, p
Oil prices retreat slightly after Tehran hints at backchannel talks despite ongoing Middle East tensions and supply risks. West Texas Intermediate crude fell 0.54% to $81.30 on Monday as investors locked in gains following a weeks-long rally. The pullback comes despite per
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June LNG imports reached 5.68 million tons, marking the second straight monthly increase as China braces for peak power consumption. China’s liquefied natural gas imports climbed 8.3% year-over-year to 5.68 million tons in June, customs data showed. The increase reflects p
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