Producer prices eased giving investors their second cooler-than-expected inflation report following the CPI, Delta forecasts record summer bookings, Amazon CEO Andy Jassy delivers cautious outlook in annual letter and Bud Light’s controversy continues. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.
Some members of OPEC+, which includes OPEC, Russia and others, announced new voluntary production cuts on April 2. The unexpected move has prompted oil to rally towards $87 a barrel from below $80. on Thursday, the Organization of the Petroleum Exporting Countries said oil inventories looked more ample and global growth faced a number of challenges.A hiring sign is displayed at a restaurant in Mount Prospect, Ill., Mar. 19, 2023. rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation.
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