A pumping unit sucks oil from the ground near Greensburg, Kan. on March 6, 2012. The International Energy Agency says all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine. The IEA board made the decision Tuesday, march 1, 2022 at an extraordinary meeting of energy ministers chaired by U.S. Energy…
March 2, 2022
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March 2, 2022 10:35 a.m.
Powell expects a quarter-point Fed rate hike this month
The stock market rose in response to Powell's support of the smaller increase