On Tuesday, after sinking into negative territory for the first time ever, U.S. oil prices climbed back into positive ground although Brent continued its downward trend midst falling demand during the coronavirus pandemic. As of 0356 GMT, U.S. West Texas… Read More ›
U.S. economy
Crude oil prices edge up on a drop in U.S. drilling activity
The general U.S. oil drilling trend shows that it is set to become the world’s no.1 oil producer. On Monday, two factors contributed in the rise of oil prices. The first was the drop in production of U.S. rigs drilling… Read More ›
Supply exceeds demand in U.S. apartment vacancy market
Here are the findings of Reis Inc, a real estate research firm, for the fourth quarter of 2017; the report also includes its projections for 2018. As per a report by Reis Inc, the apartment vacancy in the U.S. has… Read More ›
U.S. Federal Reserve largely expected to raise interest rates on Wednesday
While the hike of interest rates is on expected grounds, its expected hint on the impact of Trump’s tax overhaul is eagerly awaited by investors. With the widely expected raise of interest rates by the Federal Reserve is likely to… Read More ›