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Added on the 13/12/2018 20:09:32 - Copyright : Euronews EN
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.
Oil prices surge after raging wildfire hit Canada's oil sands region, cutting as much as one-third of the country's daily crude capacity.
The International Energy Agency said unusually mild weather and rising supply will keep the oil market oversupplied until at least late this year. Fred Katayama reports.
Oil prices fell under $55 per barrel after Saudi Arabia refused to cut output unless other producers outside OPEC did so too. As Grace Pascoe reports it looks like prices could remain low for a while.
Oil prices have fallen further, with Brent dropping below $55 a barrel, after top exporter Saudi Arabia said it would only consider cutting output if other producers outside OPEC did so too. As Grace Pascoe reports the strengthening of the dollar further weighed on prices.
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