Oil futures get lift on China demand hopes
Oil futures rose Tuesday, finding support as ongoing hopes a revival in crude demand from China run strong. A devastating earthquake that left thousands dead in Turkey and Syria and Turkey’s Ceyhan oil export terminal, with a capacity of 1 million barrels a day, was expected to be closed through Wednesday, Reuters reported. See: How […]
Here’s why a record-setting lack of snow in New York City is pretty chilling
Snow has been a no-show in New York City this winter, the longest stretch without measurable accumulation in the several decades that meteorologists have been paying attention to this figure. New York isn’t alone, as much of the East Coast has been blanketed in a gray, rainy and noticeably warmer 2022-2023 winter. As of Monday, […]
IAG shares fall in Australia after massive flooding in New Zealand
SYDNEY — Shares in Insurance Australia Group Ltd. IAG, -3.74% fell early Monday after the general insurer said that claims in New Zealand will likely rise after severe storms and flooding around Auckland, and that it may review its natural peril costs for fiscal 2023. The stock was down 4.5% to 4.88 Australian dollars (US$3.45), […]