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Crude prices are responding to concerns that the global economy is slowing as China’s exports continue to fall and U.S. oil consumption softens.

Last month’s sudden surge in Treasury yields and oil prices — both of which tend to suppress investors’ appetite for stocks — looks to be ending.

Last month’s sudden surge in Treasury yields and oil prices — both of which tend to suppress investors’ appetite for stocks — looks to be ending.

This post was originally published on this site

This post was originally published on this site

The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.

One important area that market observers are keeping a close eye on is for potential impact on the world’s most important oil transit chokepoint — the Strait of Hormuz.

The oil giant announced a $3.5 billion share buyback to be carried out over the next three months.

Despite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October.

U.S. stocks edge up in premarket trading Tuesday, as shares of Club name Caterpillar (CAT) tumble on lackluster guidance.