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  • Feb 21, 2025

Oil Falls to 2025 Low as Technicals Augment Ample Supply Outlook

(Bloomberg) -- Oil fell to the lowest closing price this year after the breach of a key technical level accelerated losses driven by the possibility of increased flows from Iraq, weakening the prospects of supply constraints that have gripped the market recently. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fa

  • Feb 21, 2025

US Defense Stocks Drop While Europe Emerges as Surprise Winner

(Bloomberg) -- US defense contractors are on shaky ground just a month into the new administration — taking a backseat to European peers — as mounting concerns over a deluge of policies including a tightened military spending budget send shock waves across the government-sensitive group. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb

  • Feb 21, 2025

Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target

(Bloomberg) -- Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to targeting 2% inflation.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Di

  • Feb 21, 2025

New US House task force focused on the Fed sets first meeting

The Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity will convene its first-ever hearing on March 4 at 10:00 a.m. ET (1500 GMT), titled “Examining Monetary Policy and Economic Opportunity,” according to the House Financial Services Committee website. The hearing comes as the Fed is embarking on a review of its operating framework, a blueprint for executing policy to meet its congressional dual mandate to foster both price stability and maximum employment.

  • Feb 21, 2025

US oil and gas rig count hits highest since June, says Baker Hughes

(Reuters) -U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 34, or 5% below this time last year. Baker Hughes said oil rigs rose by seven to 488 this week, their highest since September, while gas rigs fell by two to 99.

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