Market is Price

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BRUSSELS, Nov 29 (Reuters) - European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday. The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in. The price cap, a softer measure proposed by the Group of Seven (G7) nations, is supposed to replace the tougher EU plan to protect global supply and prevent a price surge, but there is disagreement among the 27 EU countries on the level of the cap. "Consultations have been ongoing since last Wednesday and we are inching towards an agreement, we are closer and closer," one senior EU diplomat involved in the negotiations said. Last Wednesday , representatives of EU governments d

Roku : Keybanc cut its rating of the streaming-device maker's stock, according to Benzinga. The share price fell 3.2% premarket. Coinbase Global : The crypto exchange's shares added 2% off hours as the prices of major cryptocurrencies drifted higher. Bitcoin rose 1.8% on Tuesday from its 5 p.m. ET level on Monday to around $16,484. Wynn Resorts : The casino operator added about 3% premarket. Reopening hopes had earlier helped buoy Chinese stocks listed in Hong Kong and mainland China. Pinduoduo : The Chinese e-commerce company was on course for a second day of gains, after reporting a strong set of quarterly results Monday. Its American depositary receipts added nearly 5% premarket, while counterpart JD.com advanced roughly 7%. Other China tech stocks including NetEase and Baidu also rose. United Pacific Railway , United Parcel Service : Deutsche Bank lifted its price targets for shares of both transport companies, according to Benzinga. Shares of United Pacific added 1.

Topline The most common price for a gallon of regular gas at U.S. pumps fell to $2.99 Monday, according to data from GasBuddy, while the nation's average price fell to the lowest level since around the time Russia started its invasion of Ukraine. Key Facts Patrick De Haan, GasBuddy's head of petroleum analysis, tweeted Monday that $2.99 a gallon had overtaken $3.39 for the most common price at the roughly 150,000 gas stations the company tracks. The most common price is a different metric from average price, which is around $3.51 a gallon—still the lowest recorded in the U.S. since February. Prices are generally cheapest across the South and Midwest, led by Texas, which has a statewide average of $2.82 a gallon and has counties reporting average prices as low as $2.63 a gallon. Average prices are also under $3 a gallon in Oklahoma ($2.92), Arkansas ($2.98), Mississippi ($2.99) and Louisiana ($2.999). Contra Prices remain highest in the West, topped by

In this article @LCO.1 @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT Tom Kaye of Plymouth, Pennsylvania tops off his neighbor's gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now. West Texas Intermediate crude futures for January settled higher Monday at $77.24 per barrel, following a drop to $73.60 per barrel, the lowest price since last December. WTI was up 2.2% for the year, after briefly turning negative earlier Monday. Gasoline prices at the pump have also been falling dramatically and could be cheaper than last year for many Americans by Christmas, according to an outlook from the Oil Price Information Service. On Monday, the national average was $3.546 per gallon of regular unleaded fuel, down from $3.662 a week ago but still higher than the $

Companies Julius Baer Gruppe AG Follow Danang Petroleum Machinery Technology JSC Follow Equinor ASA Follow NEW YORK, Nov 28 (Reuters) - The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike interest rates to combat inflation. Front-month global oil prices in the last week have traded weaker than future-dated contracts, while prices for physical crude grades throughout the world have declined, market participants said. "Differentials are confirming what outright prices have been implying – there is a demand deficit and/or supply surplus," said

With the 2022 season behind us and the Hot Stove ready to burn, we're taking a close look at some of the most prominent players eligible for free agency. Name: Trea Turner Position: Shortstop Team: Los Angeles Dodgers Age (as of Opening Day 2023): 29 2022 stats: .298/.343/.466, 21 HR, 100 RBI, 101 R, 27 SB For the second consecutive offseason, the free-agent shortstop class is loaded. While Carlos Correa, Xander Bogaerts and Dansby Swanson will draw plenty of interest, Turner is the best of the bunch. Turner is trending upward as he hits free agency, having made his first two All-Star teams in 2021 and '22. He led the National League in hits, stolen bases, total bases and batting average in 148 games with the Nationals and Dodgers in '21, then followed that up with another strong performance in '22. Turner ranked 12th in the Majors with a 6.3 fWAR, putting his 13.1 fWAR since the start of 2021 behind only fellow free agent Aaron Judge (17