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WTI holds firm as stocks fall, inflation eases

The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty ImagesOil prices held firm Thursday as stockpiles in the U.S. fell for a second week and inflation eased.U.S. crude stockpiles declined by...

WTI edges higher, holds above $79 after sell off

An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023.Liz Hampton | ReutersU.S. crude oil edged higher on Thursday after selling off to a seven-week low on a surge in petroleum inventories on softening demand.Here...

Fed rate decision May 2024: Fed holds rate steady

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately.In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate...