US Energy Secretary Chris Wright says the surge in fuel prices is being driven less by crude itself than by a shortage of refining capacity. Speaking on “Balance of Power: Evening Edition,” Wright also says the Trump administration intends to expand US refining capacity and expects gasoline prices to ease in the coming weeks, though he calls diesel a bigger challenge.
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Why is the Netherlands moving billions of dollars worth of gold from North America to London? Nicole Sy explains.
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Conservative Party of Canada Leader Pierre Poilievre discusses the state of trade and tariffs with the United States. He says Canada’s oil and mineral resources can help alleviate US inflation pressures, but the Trump administration needs to back off its tariff policies against its northern neighbor. He speaks on “Bloomberg Surveillance.”
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Carol Massar and Tim Stenovec.
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Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency. “I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do,” Bessent said at a Southern Methodist University event in Texas on Tuesday. Ven Ram of Bloomberg MLIV has the details.
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