Demand Concerns News Today

Then we did much better in 2020. They had to tell you. We did much better. We are going to swamp them. We are going to swamp them. We actually did much better, including in michigan. They ended obamas war on american energy. We had a war on american energy. Gas prices plummet and soon reached 1. 87 a gallon. How does that sound . Now it is over five and six and even 7 a gallon in some places and it is going up higher and higher. And some places and it is going up higherand higher. And i think th...

The transition to Electric Vehicle is the focus. It could mean less job security. Michelle fleury visited lordstown. Stretching across 64 acres, the factory is far from the picket line. But this site, a partnership between General Motors and a korean battery supplier, lg, is at the forefront of the United Auto Move to electric does. A Maintenance Technician here at the only american Battery Plants to be represented by a union. Seeing those machines move and make a sale. It was like a kid in the ...

Workers are determined these new green jobs wont be worse jobs, as the bbc� s north America Business correspondent Michelle Fleury found out when she visited lordstown, ohio. Stretching across 64 acres. Altium sells a Battery Factory in lordstown, ohio, is far from the picket line. But this site, a partnership between car maker General Motors and korean battery supplier lg, is at the forefront of the United Auto Workers fight to protect workers through the move to electric cars. Connie ziegler...

Meanwhile, traders scramble to slash their bullish bets.

Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices.

Brent crude futures fell $1.11 to $80.50 a barrel by 1311 GMT and U.S. crude lost $1.20 to $76.17, with both benchmarks registering their lowest levels since late July.

The US Dollar rally stalled at a key inflection point once more as US PCE Data failed to provide a catalyst for USD Bulls. PCE data was largely in line with estimates keeping the DXY rangebound ahead of the FOMC meeting next wee

Oil prices drop as dollar strengthens and traders take profits, but market could resume rally next week on easing inflation and supply disruptions

Global equities and Treasury yields decline as investors focus on the U.S. debt ceiling vote. Market jitters prevail with potential default concerns.

A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question