Crude oil slides for third straight week as EU price cap talks stall (NYSEARCA:XLE)

SlavkoSereda/iStock via Getty Images The European Union has suspended talks on approving a price cap on Russian oil until at least Monday, with some of the bloc’s eastern-most members objecting to a proposal they consider too generous to Russia, although diplomats said Friday they still believe a deal will be struck in the coming days. … Read more

Chiliz Slides 15% As Sporting Spectacle Unfurls

The World Cup just kicked off and the native token of the sports-themed cryptocurrency ecosystem, Chiliz, has dropped 15% in value over the past 24 hours. This is not the kind of news traders and investors want to read about. The long-awaited World Cup clearly had no compensating effect on the prevailing economic conditions. Here’s … Read more

Oil slides on China demand concerns, easing supply worries

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Nov 18, 2022  •  0 minutes ago  •  2 minute read Join the conversation Article content LONDON — Oil fell around 2% on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate … Read more

Calfornia gasoline slides as Chevron refinery production fears ease (NYSE:CVX)

kckate16 California gasoline futures fell in the Los Angeles wholesale market on Friday as fears of production disruptions at Chevron’s (NYSE:CVX) El Segundo refinery went unrealized, Reuters reported, citing West Coast market traders. CARBOB gasoline for November delivery sold at an $0.80/gal premium on December Nymex RBOB gasoline (NYSEARCA:UGA), down $0.25 from Thursday’s price, and … Read more

Brussels warns of EU recession as German output slides

A steep drop in German output will help drag the EU into recession this winter, as higher inflation and the Ukraine war take a heavy toll on the bloc’s economy, the European Commission has predicted.  Output across the union will contract in the current quarter and the first three months of 2023, with Germany suffering … Read more

Wallbox slides to new post-SPAC low after clipping full-year guidance

Igor Kutyaev Wallbox N.V. (NYSE:WBX) sunk to a new post-SPAC low on Wednesday after the company’s Q3 earnings report disappointed investors. The EV charging tech provider generated 140% revenue growth during the quarter and said it continued to exceed gross margin targets. WBX also sold approximately 67K chargers, which marked a 93% increase compared to … Read more

Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weakness 

After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently.    DOGE suffers more sell-off as price loses steam to rally higher, falling to its key support for bulls to push price up. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and … Read more