How Washington Persuaded Europe to Put a Price Cap on Russian Oil

[ad_1] President Biden and senior advisers, in last-minute negotiations with world leaders, secured support for a novel plan that aims to keep Russian oil on global markets while limiting the…

Interest-Rate Paths for U.S., Europe Set to Diverge

[ad_1] While the Fed slows its pace of rate increases, European and U.K. central banks will press ahead. [ad_2] Source link

Oil Market Takes Russian Price Cap in Stride

[ad_1] Markets Commodities Oil Markets It is too soon to say whether the cap will succeed in stifling Russian oil revenue, but so far sanctions have avoided causing a surge…

Gas Prices Fall Below Last Year’s Average

[ad_1] Economy U.S. Economy The U.S. average for regular unleaded gasoline has declined to $3.32 a gallon, below its average of $3.36 last year [ad_2] Source link

Oil Price Cap Triggers Tanker Traffic Jam in Turkish Straits

[ad_1] More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a…

Russian Oil-Price Cap Adds to Fiscal Pressure on Moscow

[ad_1] World Ceiling of $60 a barrel threatens Moscow’s long-term ability to fund war in Ukraine [ad_2] Source link

Campbell Soup Raises Outlook After Sales Rise 15%

[ad_1] Business Earnings Soup and snack maker sees sales up as much as 9% in current fiscal year as higher prices lift results [ad_2] Source link