Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports

JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs Thanks to the war in Iran, JetBlue Airlines is passing the cost along to us - announcing during Q1 earnings on Tuesday that while the airline had strong revenue performance, prices are going up due to rising fuel costs.  A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arlington, Va., on June 29, 2021. Daniel Slim/AFP via Getty Images "While the macro environment, particularly fuel, has become more volatile, we are taking decisive actions to manage...

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...

Turkey Could Be 'Next Iran' For Israel: US Envoy Scrambles To Calm Tensions Via Middle East Eye US Envoy Tom Barrack has downplayed escalating tensions between Turkey and Israel as just "rhetoric" and pushed for regional cooperation between the two countries in security and energy projects. Speaking during a panel at the Antalya Diplomacy Forum, Barrack pushed back against comments from some officials in both countries that suggested they could come into conflict in the near future. "I think Turkey is just not a country to be messed with," Barrack said. ​​​​​Handout: Antalya Diplomacy Forum via AFP Barrack said that...