Oil is climbing on a rebound in U.S. consumer spending. Benchmark West Texas Intermediate crude on Monday rose $2.10, or 2.5 percent, to $87.49 per barrel in New York. Brent crude rose 75 cents to $112.11 in London.
BING NEWS:
- US inflation rises to 2.9% in December, driven by energy prices and holiday spending
Annual inflation in the United States climbed to 2.9% in December 2024, marking its third consecutive monthly increase and aligning with market expectations. This steady rise, up from 2.7% in November ...
01/15/2025 - 4:48 am | View Link - Oil continues strong gains for the second day amid favorable weather forecasts and continued Chinese support measures
Oil price gains come amid support from a set of positive factors, including favorable weather forecasts, continued announcements of measures to support the Chinese economy, in addition to the ...
01/10/2025 - 3:32 am | View Link - US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer ...
12/20/2024 - 6:19 am | View Link - More
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