NYC Council Grapples With Debate Over Bill To Ban Horse-Drawn Carriages

'Crisis Preparedness': Dutch Move Billions In Gold Out Of US As Goldman Warns Of 'Geographic Concentration Risk' The Netherlands' central bank transferred nearly 90 metric tons of gold bars from the United States and Canada to Britain amid growing concerns of "increasing geopolitical unrest," according to CNBC. "With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness," DNB Governor Olaf Sleijpen said of the development. Roughly 25% of the gold...

Oil Market Has Reached an "Inflection Point": Energy Aspects By Tsvetana Paraskova of OilPrice.com Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to buying significantly higher crude oil volumes than in the spring, Energy Aspects founder and market intelligence director, Amrita Sen, told CNBC on Friday. The intensified shipping risks in the Middle East with tanker attacks in the Strait of Hormuz and the Houthi threat in the Red Sea are hampering crude oil supply to...

"Expect Moderate Disruptions": Oil Tankers Avoid Strait Of Hormuz As Operation Fury Hits Iran Automatic Identification System (AIS) vessel-tracking data indicate that multiple tankers abruptly reversed course near the entrance to the critical maritime chokepoint of the Strait of Hormuz early Saturday, following the U.S.-Israeli operation (Operation Epic Fury) targeting Islamic Revolutionary Guard Corps command-and-control infrastructure in multiple Iranian cities. Bloomberg reporter Stephen Stapczynski pulled data from the Terminal that shows shipowners of crude oil, crude products, and LNG tankers are avoiding the strait, even though the waterway remains open and...