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Morning Bid: Oil spike delivers coup de grace to dire Q3

September 28, 2023
Source: reuters.com reuters.com
News Snapshot:
A nighttime view of the Torrance Refinery, an oil refinery operated by PBF Energy, in Torrance, California, U.S., March 10, 2022. REUTERS/Bing Guan Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan A crude oil price spike to the highest of the year delivered a final blow to an ailing third-quarter for world markets and left forlorn investors looking again to the Federal Reserve chair for solace. With U.S. government borrowing rates grinding ever higher on a mix of Fed hawkishness, punchy labor markets, heavy debt sales and an untimely inflation spur...
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