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(Bloomberg) – Oil rose as U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy tempered expectations that a resolution to the conflict with Russia will be reached quickly. Ukranian President Volodymyr Zelenskiy West Texas Intermediate advanced about 1% to settle above $63 a barrel after Zelenskiy said during a meeting at the White House that the countries need to find diplomatic ways to end the war. Brent crude rose more than 1% to settle below $67. “Zelenskiy’s latest comments may have lowered already-slim ceasefire odds even further,” said Rebecca Babin, a senior energy trader at CIBC Private…
2025-08-19T00:07:55Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. SoftBank is investing $2 billion in Intel common stock, paying $23 per share. The investment fits with SoftBank’s focus on AI and semiconductor expansion in the US. Intel’s stock rose after hours, while SoftBank’s shares fell. SoftBank is betting big on semiconductors in the age of AI.The investment holding…
Pictured: The Peregrino FPSO. Images courtesy of Equinor. (Reuters) — Brazilian oil company Prio announced on Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system. According to a Reuters report, the stop-work order has negatively impacted Prio’s stock, as the Peregrino field is crucial to its output, especially since the company is in the process of acquiring the remaining stake from Equinor. Equinor is currently working on these adjustments, which are expected to take three to six weeks.…
Pictured: The Peregrino FPSO. Images courtesy of Equinor. (Reuters) — Brazilian oil company Prio announced on Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system. According to a Reuters report, the stop-work order has negatively impacted Prio’s stock, as the Peregrino field is crucial to its output, especially since the company is in the process of acquiring the remaining stake from Equinor. Equinor is currently working on these adjustments, which are expected to take three to six weeks.…
A dovish Powell could weaken the U.S. dollar – driving capital into safe-haven metals such as Gold, Silver, Palladium and Platinum – pushing them toward multi-year or even all-time record highs in the coming weeks, if not days ahead. On the flipside, a hawkish Powell could fuel a U.S dollar surge – triggering short-term pullbacks across the Commodity complex that traders can exploit for rapid windfall gains. For traders, this is where fortunes are made, says GSC Commodity Intelligence. “The asymmetry of risk-reward is staggering: a single well-timed trade on Gold, Silver or Crude Oil could yield what used to…
Oil rose as US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelensky tempered expectations that a resolution to the conflict with Russia will be reached quickly. West Texas Intermediate advanced about 1% to settle above $63 a barrel after Zelensky said during a meeting at the White House that the countries need to find diplomatic ways to end the war. Brent crude rose more than 1% to settle below $67. “Zelensky’s latest comments may have lowered already-slim ceasefire odds even further,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth Group. “Crude traders have been whipsawed by…
The controversial felony conviction of a peaceful climate activist has been overturned by an appeals court due to “pervasive” prosecutorial misconduct.Mylene Vialard, 56, was found guilty of felony obstruction in 2023 for her role in trying to halt construction of a fossil-fuel pipeline through Indigenous territory in Minnesota, in a trial beset by irregularities.Vialard was charged after attaching herself to a 25ft bamboo tower erected to block a pumping station in Aitkin county in August 2021, as part of a crackdown on non-violent Indigenous-led protests opposing the expansion and re-routing on Line 3 – a 1,097-mile tar sands oil pipeline…
(Bloomberg) – Oil swung between gains and losses as traders awaited a meeting between Presidents Donald Trump and Volodymyr Zelenskiy, with the Ukrainian leader facing U.S. pressure to agree to ceding territory to Russia. Russian president Volodymyr Zelenskiy West Texas Intermediate futures were little changed near $63 a barrel after fluctuating in a roughly $1 range. In a show of support, European leaders including European Commission President Ursula von der Leyen, French President Emmanuel Macron and NATO Secretary-General Mark Rutte will join the high-stakes meeting in Washington. The U.S. president said after his talks with Vladimir Putin in Alaska…
US President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil, citing progress he said was made with Vladimir Putin toward ending the war in Ukraine. “Because of what happened today, I think I don’t have to think about that,” Trump said Friday in a Fox News interview with Sean Hannity after his summit with Putin. “Now, I may have to think about it in two weeks or three weeks or something, but we don’t have to think about that right now.” Trump earlier this month threatened buyers of…
Shopping for a new TV can be daunting, especially if you’re looking for an affordable display that doesn’t cut corners. Plenty of TVs cost under $500, but very few are truly worthwhile. To help you find the right balance between value and performance, I’ve put together a carefully vetted list of the four best TVs under $500. My picks range from 43 to 65 inches, so all spaces are accounted for.I’ve focused on selecting models that deliver the best performance available at each size while still meeting the price requirement. For instance, people who want a solid 65-inch TV for…