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Oil Prices Rise as Traders Weigh Supply Risks

Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures were up 40 cents, or 0.6%, to $68.13 by 1315 GMT, and West Texas Intermediate (WTI) crude futures gained 46...

US New Home Sales Fall in July, June Sales Revised Higher

Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month's sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates. New home sale units dropped 0.6% to a seasonally adjusted annualized rate...

Wall Street Slips as Powell-Led Momentum Wanes

Wall Street's main indexes dipped on Monday, retreating from gains made in the previous session after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be considered at next month's central bank meeting. Recent economic data suggesting labor market weakness has boosted investor confidence that the central...

US Envoy Meets Netanyahu on Lebanon and Syria, Israeli Officials Say

Top U.S. envoy Thomas Barrack arrived in Israel on Sunday and met with Prime Minister Benjamin Netanyahu to discuss Syria and Lebanon, three Israeli officials said. The meeting was first reported by Axios, citing three Israeli and U.S. sources, and followed discussions between Barrack and Israel's Minister for Strategic Affairs...

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