(Bloomberg) -- Oil steadied after a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate...
-- Oil steadied after a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate decision by the Federal Reserve.Real Estate Pain Is Showing Up in an Obscure Investment Product
Crude has climbed by about 13% this year, having broken out of a tight trading range that stifled volatility in the opening weeks of 2024. The advance has been supported by supply cuts delivered by OPEC+ and geopolitical risks, including Ukrainian drone strikes on Russian refineries. The head of the U.S. Federal Aviation Administration said Boeing must improve safety culture and address quality issues before the agency will allow the planemaker to boost 737 MAX production. The FAA in late January took the unprecedented step of telling Boeing it would not allow the company to expand 737 MAX production in the wake of a mid-air emergency on an Alaska Airlines jet earlier in the month.
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