A surge in the price of olive oil in top grower Spain has increased the cost of making a traditional paella to its highest in five months.
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Oil trades near 10-month highs: Where could prices go from here?Crude oil is trading near 10-month highs. OPIS Global Head of Energy Analysis Tom Kloza tells Yahoo Finance Live that he doesn't think that oil prices are going to go that much higher, however, he cautions that prices could rise again given the high prices of heating oil, diesel, and jet fuel. On a positive note for consumer though, Kloza states that most of the rise in gasoline prices have 'already occurred.'
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Investors Rein in India Bond Optimism as Oil Prices Surge(Bloomberg) -- Investors are holding back from going all in on Indian sovereign bonds even amid easing debt supply as rising crude prices threaten to reignite inflation concerns. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesThe Mighty American Consumer Is About to
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Investors Rein in India Bond Optimism as Oil Prices SurgeInvestors are holding back from going all in on Indian sovereign bonds even amid easing debt supply as rising crude prices threaten to reignite inflation concerns.
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'Nothing worse than higher oil prices' as Fed fights inflationThe Fed's fight against inflation is trickier if oil prices stay elevated, say economists.
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Oil prices ease but supply cuts keep Brent above $90/bblOil prices eased in early Asian trade on Monday as economic concerns in China weighed on fuel demand outlook although Brent stayed perched above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts. Brent crude fell 49 cents, or 0.5%, to $90.16 a barrel by 0022 GMT while U.S. West Texas Intermediate crude was at $86.77 a barrel, down 74 cents, or 0.9%. Both contracts gained in the past two consecutive weeks with Brent settling at its highest since November on Friday, after Saudi Arabia and Russia announced last week they will extend voluntary supply cuts of a combined 1.3 million barrels per day until the end of the year.
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Oil prices ease but supply cuts keep Brent above $90/bblBy Florence Tan SINGAPORE (Reuters) - Oil prices eased in early Asian trade on Monday as economic concerns in China weighed on fuel demand outlook ...
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