The current energy market picture is looking good for oil bulls. With winter ahead and a gas crunch in Europe, the demand picture appears promising. But some experts warn demand destruction could be right around the corner. Morgan Stanley says prices are traveling to the level where demand destruction kicks in, which it estimates at $80 a barrel. This morning, oil is trading at just over $75.
Dollar Tree is no longer about one dollar. The retailer, which sells nearly everything for a dollar in its namesake chain, plans to add more products at slightly higher prices, highlighting the pressure on companies to offset cost increases for a range of goods. Dollar Tree says it will start selling some products for $1.25 and $1.50.
Exxon Mobil has been lobbying against pieces of a sprawling Democratic budget bill aimed at boosting working-class families and fighting climate change. The fossil fuel giant has spent $275,000 over the past week on Facebook ads that include spots targeting corporate tax hikes Democrats have included in the bill.
