Oil pulls back from recent gains, but traders remain optimistic on China demand
Oil futures edged lower on Tuesday, easing back after recent gains but underpinned by continued optimism over the demand outlook from China after the country dropped COVID restrictions. Natural-gas futures moved lower after posting a gain of more than 6% a day earlier on forecasts for colder U.S. weather. Price action West Texas Intermediate crude […]
‘Overbought and overpriced.’ Why this investor sees a bubble popping for this popular group of stocks
Investors wouldn’t be blamed for sizing up the first losing week in three for the S&P 500 and decide to start the weekend early. And stock futures are just barely positive.Who can blame them after the mixed bag of data this week that has reigniting worries in some corners about whether the Fed could push […]
Want to estimate your monthly energy bill in a new home — before you buy it? This new service may help.
Home shoppers often try to estimate the cost of monthly utilities payments for prospective homes by quizzing real-estate agents. A new feature offered by a brokerage should help demystify that number. The feature, unveiled on Thursday by real-estate brokerage firm Redfin RDFN, +0.33%, provides energy-cost estimates for 85 million homes nationwide. The estimates are provided […]
Oil futures score a weekly gain of more than 8% as China’s economic reopening boosts demand prospects
Oil futures on Friday posted a gain of more than 8% for the week, supported by optimism over demand from China as the country lifts its strict COVID-19 curbs and reopens its economy. Price action West Texas Intermediate crude for February delivery CL00, +1.94% CL.1, +1.94% CLG23, +1.94% rose $1.47, or 1.9%, to settle at […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]
Oil ends higher on China’s reopening, but traders watch for signs of a global recession
Oil futures settled higher on Tuesday, with U.S. prices up a fourth straight session, finding support as investors continue to monitor China’s reopening and look for signs of a potential global recession. Price action West Texas Intermediate crude for February delivery CL.1, +0.56% CL00, +0.56% CLG23, +0.56% rose 49 cents, or 0.7%, to settle at […]