Although price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without ...
Although price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution.
For now, oil has reacted directionally as many would suspect, although the extent of its climb remains modest given the political stakes. U.S. crude hovered about $87 per barrel on Monday - marginally off highs hit late last week, still down some 8% from late September peaks, and little changed year-on-year. Yet the extent to which the backup in oil prices over recent months can impact wider economic sentiment was clear from the University of Michigan's household survey on Friday.
Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock. -- Lithium giant Albemarle Corp. has walked away from its A$6.6 billion takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.
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