Oil funds and a Turkey ETF were 2022 market winners, but Russia and crypto tanked
New York CNN — Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this year. But the top fund of…
The West is struggling to set an oil price cap that hurts Russia
London CNN Business — Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile…
As the US-Saudi oil spat intensifies, what are Biden’s options?
Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi…
Saudis aren’t weaponizing oil like Americans claim, top official says
CNN — Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in order to stabilize markets and denied that there…
Lower gas prices push consumer confidence to highest level since May
CNN — Lower gas prices helped consumer confidence bounce back in August, breaking a three-month stretch of worsening sentiment. However this improvement, while welcome, is tempered by ongoing worries that…