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Finance & Markets

World : High Fuel Costs Squeeze Major Us Airlines' Profits Despite Strong Revenues

NEW YORK, Oct 23 (Bernama-Xinhua) -- As major US airlines reported their third quarter (Q3) operating results, rising fuel costs put pressure on their profit margins despite strong travel demand, reported Xinhua.

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Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure

Crude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from around $99 per barrel…

  • Brent crude reaches $114.00 per barrel amid Houthi attack threats
  • WTI climbs to $100.40 per barrel, up from $99 per barrel
  • Pipeline shutdown in Libya reduces oil production significantly

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