relief

The Fed’s Logan said US oil producers are unlikely to provide near-term relief for consumers

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The Fed's Logan said US oil producers are unlikely to provide near-term relief for consumers

Written by Michael S. Derby April 2 (Reuters) – Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to increase production and protect consumers from higher gasoline prices in the near future. The price US producers say they need to see to start drilling is just shy of $70 … Read more

‘Oversold’: Wall Street says relief rally coming for stocks as Iran war drags markets

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Line chart

Good news for investors: The charity event may finally be on its way. Loading audio description… That’s the word on Wall Street as markets assess the damage caused by the Iran war, which has dragged stocks lower for much of the past month as investors worry about the impact of higher oil prices on the … Read more