 |
Louisiana Light • 3 days | 78.61 | -1.95 | -2.42% | ||
|
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | ||
|
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% | ||
|
Mars US • 29 days | 79.71 | -2.05 | -2.51% | ||
|
Gasoline • 24 hours | 2.121 | -0.055 | -2.51% |
|
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | ||
|
Girassol • 2 days | 81.92 | +1.12 | +1.39% | ||
|
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% |
|
Peace Sour • 2 days | 59.71 | -1.90 | -3.08% | ||
|
Light Sour Blend • 2 days | 63.56 | -1.90 | -2.90% | ||
|
Syncrude Sweet Premium • 2 days | 68.16 | -1.90 | -2.71% | ||
|
Central Alberta • 2 days | 61.71 | -1.90 | -2.99% |
|
Eagle Ford • 3 days | 72.44 | -1.90 | -2.56% | ||
|
Oklahoma Sweet • 3 days | 72.00 | -2.00 | -2.70% | ||
|
Kansas Common • 6 days | 65.00 | -0.75 | -1.14% | ||
|
Buena Vista • 4 days | 83.98 | +1.45 | +1.76% |
Used Car Market In Turmoil As Prices Collapse And Demand Wanes
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Finance / the Economy
Economic Momentum Wanes in Eurozone as Borrowing Costs Soar
The European Commission has downgraded its forecasts for growth across the eurozone this year and next as economic activity in the bloc stumbles in the face of higher…
China’s Central Bank Says Economy On Track To Achieve 5% Growth Target
China is anticipated to achieve its annual gross domestic product (GDP) growth target this year, with a focus on transitioning to a high-quality and sustainable expansion model, according…
Freight Broker Bankruptcies Loom As Debt Woes Persist
On Wednesday, FreightWaves reported that Convoy was winding down operations. Earlier in the morning, I had started writing an article about liquidity issues…
Can Ecuador’s New President End The Security Crisis And Rebuild The Economy?
In a surprise development, center-right businessman Daniel Noboa defeated leftist lawyer Luisa González last Sunday to become Ecuador’s youngest-ever president. The election, triggered by incumbent president Guillermo Lasso’s decision to…
Rising Rates, Geopolitical Tensions, And Debt Maturities Create Risky Mix
Many investors are warning of the risk of a debt crisis, but governments are ignoring all the signals. In an inflationary crisis, the government should reduce…
JPMorgan CEO Dimon: World Is Facing Most Dangerous Time In Decades
Jamie Dimon, chief executive of JP Morgan, said the early 2020s were shaping up to be “the most dangerous time the world has seen in decades” as the Wall Street…
Detroit's Auto Giants Reel As UAW Strikes Bite Hard
One week ago, when previewing the three events that are about to slam U.S. GDP in the tail end of the 3rd and the 4th quarter (including the…
UK Infrastructure Investment Is Falling Behind
The UK has only been able to replace a third of public investment – and just an eighth of infrastructure investment – since leaving the European Union (EU),…
Hurricane Season Stirs Supply Chain Concerns For U.S. Shippers
No one wants a hurricane to make landfall. Among nature’s most damaging events, hurricanes that hit land in the United States usually cause death, destruction and misery. They…
Germany Grapples With Unprecedented Trade Deficit Amid Russian Energy Crisis
Germany is facing severe challenges as its manufacturing output drops, forcing it to import more goods, with strong economic repercussions. Much of this stems from Germany’s reliance on Russian energy,…
Beijing Unveils Massive $40 Billion Fund To Boost Chipmaking
It looks as though the competition in semiconductors between the U.S. and China is only getting started. And hey, when it doubt: nationalize the industry! That…
From Boom To Gloom: China's Economic Momentum Dips
Forecasts for China’s 2023 and 2024 economic growth have been slashed on Wall Street over the past few weeks. The world’s second-largest economy now risks missing Beijing’s own…
Shipping Woes Ease As Rates Drop To Pre-Pandemic Levels
Via Metal Miner Buyers who depend on imports for semi-finished materials or finished components will undoubtedly cheer the recent fall in freight rates.…
Is Beijing Losing Control Of Its Economy?
Via Metal Miner Many speculate that China’s slowdown will not only undermine metal prices but also put China at risk of experiencing a…
Used Car Prices Inch Upwards In August, Reigniting Inflation Concerns
Auto research firm Cox Automotive - the owner of the closely followed Manheim price index - published new data for the first 15 days of August that shows wholesale used-vehicle prices…
Bitcoin Crashes Amid A Wave Of Bearish News
Call it the Bloomberg jinx. One day after the billionaire failed presidential candidate and media mogul's outlet published a report that "Bitcoin’s Extreme Volatility Vanishes Amid ‘Extreme Apathy and…
Russia's Rouble Crisis: Central Bank Hikes Rates To 12%
Russia's central bank unexpectedly hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble's recent plunge…
Economic Chill In China: Domestic Demand And Property Markets Waver
China’s already “tortuous” recovery from the Covid pandemic continued to stall today as fresh data indicated that domestic demand remained depressed. Figures out this morning showed…
Colombia’s Economic Woes Worsen As Cocaine Prices Plunge
Surging cocaine production, which hit yet another annual record during 2021, makes Colombia the world’s top supplier of the illicit narcotic. The vast profits generated by…
What Really Caused The Inflation Crisis?
International supply chains were stretched by a combination of ports suddenly closing at short notice due to virus outbreaks, workers being forced to stay at home and unusually high goods…
