How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world's two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.

China and the U.S., the world's two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.
The outgoing Fed governor shares big ideas with the incoming chair.
President Donald Trump spoke about Taiwan after a two-day visit to China, where he said he discussed Iran, and trade deals with Chinese President Xi Jingping.
Treasurys spiked on Friday as inflation signals continue to muddy interest rate expectations under the new Federal Reserve chair Kevin Warsh.
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
U.S. drugmaker Bristol Myers Squibb inked a partnership with a Chinese company that some say could mark the next wave of collaboration across continents.
Starbucks said the moves will help the coffee chain return to profitable growth.
The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.
Sen. Susan Collins is the lone New England Republican left in Congress and chairs the Senate Appropriations Committee.
Reasons for the job declines vary by automaker, but are generally tied to evolving technological changes in the industry — including the rise of AI.
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.
Cerebras Systems' shares were lower in early trading Friday, after its blockbuster stock market debut on Thursday.
Bill Ackman's Pershing Square Capital Management has built a position in Microsoft, the billionaire hedge fund manager said Friday in a post on X.
The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited
It comes just six months after Magnum spun off from Unilever to create the world's largest standalone ice cream maker.
Amazon is bringing its 30-minute delivery service to more U.S. cities. That's a good thing for investors.
Traders fear a new left-leaning U.K. government led by Andy Burnham would challenge the country's fiscal discipline.
Nvidia's market cap is now just shy of $5.7 trillion, up from $4.7 trillion as of market close last Tuesday.
The ‘survivor’s penalty’ can hit retirees after a spouse dies. But the impact could be smaller than expected, experts say.
The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.
While car dealerships and fisheries are less eye-catching than high-flying AI startups, they offer stability and cash flow that's attractive to family offices.
Elon Musk's reusable rocket company is getting closer to what's expected to be a record stock market debut.
Oil prices rose Friday on news that China has agreed to purchase oil from America.
Bond traders are hoping that the central bank's easing bias is replaced with a skewed view toward tightening.