Funding & Business
Oil Prices Caught Between a $70 Summer and Growing Surplus Fears
Oil traders are grappling with a tension — there’s a growing chorus of warnings about the market weakening later this year and into 2026, but for now prices are holding strong near $70 a barrel.
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The Trump administration asked a federal court to cancel the approval of a $6 billion wind project planned off the coast of Maryland as part of a wider effort to halt the development of the offshore clean- energy resource.
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Australian Treasurer Jim Chalmers spoke to ANZ Group Holdings Ltd.’s boss Nuno Matos on Tuesday about the bank’s plan to cut thousands of jobs, the Australian reported.
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Emerging markets are likely to receive heavier inflows early next year as more evidence on the resilience of these economies fuels a further shift from US assets, according to Bank of America Corp.
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