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US gasoline futures held near $3.45 a gallon, close to their highest level in eight weeks, as concerns over feedstock supply eased after Saudi Arabia stated it would offer additional cargoes via Oman. Attacks last week by Iran-backed Houthi rebels shut down a crucial crude pipeline in Saudi Arabia that bypasses the Str
HEADLINESInflation Held at 3% in AugustCanadian inflation steadied last month as rising travel costs and a rebound in rents countered a softer jump in gasoline prices.The consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said.The pace was in…
Canada’s annual inflation rate held at 3% in August, unchanged from July, with crude-firming gasoline pressures and only moderate cooling in food prices, according to data reported Monday.
JP Morgan says the U.S.-Iran situation holds steady, cutting the probability the Strait of Hormuz returns to normal before year-end to roughly 30% and urges watching refined-product crack spreads.