US Oil Futures Rise for Third Consecutive Week, Settling at a Moderate High
US oil futures continued to rise throughout the holiday-shortened trading week, ultimately settling at $80.70 a barrel. This marks the third consecutive week of gains for West Texas Intermediate (WTI) crude oil, even though many economic indicators are suggesting that the US economy is quickly weakening due to supply chain disruptions and an increase in […]
“US Natural Gas Supply Dips, Yet Demand Soars: A Cleaner Energy Future Unfolds”
The U.S. Energy Information Administration (EIA) revealed Thursday that the nation’s natural gas stocks fell 23 billion cubic feet for the week ending March 31, 2021. This decrease aligns with the average decline of 24 billion cubic feet anticipated by analysts surveyed by commodities research firm S&P Global Commodity Insights. As of the most recent […]
“US Job Cuts Soar 15% in March: Interest Rates Fuel Layoff Surge & Employment Challenges”
Job cuts at U.S.-based employers surged in March, with a total of 89,703 layoffs announced—a 15% increase from the prior month. This figure marks the third time this year that job cuts have been significantly higher than in the same month the previous year. In fact, job cuts in March 2023 were more than four […]