Oil Holds Gain With Stockpile Data and Iran Sanctions in Focus
Oil held a gain as a report showed lower US crude stockpiles, and traders tracked progress toward fresh sanctions on Iran.
Oil held a gain as a report showed lower US crude stockpiles, and traders tracked progress toward fresh sanctions on Iran.
Major investors are opposing Woodside Energy Group Ltd.’s climate plans and the chairman’s reelection, raising questions about the strategy of Australia’s largest energy company as it rushes to expand oil and natural gas output.
The Senate passed a long-delayed $95 billion emergency aid package for Ukraine and other besieged US allies, clearing the way for resumed arms shipments to Kyiv within days.
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving sticky and bolstering the case for the Reserve Bank to hold interest rates at a 12-year high.
The Senate voted to send a foreign aid package that includes sanctions on Iran’s oil sector to President Joe Biden, who has said he will sign the legislation into law.
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