Oil prices rise as Chinese refiners reportedly ban October fuel exports

Oil prices rise as Chinese refiners reportedly ban October fuel exports

Oil prices rose on Thursday, reversing earlier losses, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets. International benchmark Brent crude with December expiry was last seen trading 2.2% higher at $100.15 per barrel, having earlier traded 1% lower, while U.S. West Texas Intermediate futures with November expiry…

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OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

Shares of companies tied to artificial intelligence infrastructure fell Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle, which has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations, dropped more…

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