Monthly Archives - November 2022

Amidst the gloom, oil stocks are reporting record profits

02 Nov 2022 - US equities finished mostly lower in Tuesday trading, as traders assessed better-than-expected economic data and prepared for another likely rate hike from the Federal Reserve. Profits at two of the world’s largest oil producers soared as BP and Saudi Aramco reaped a windfall from historically high energy prices that have fuelled inflation and stoked a global cost of living crisis.

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