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Oil Prices Hit Three-Month High Due to Stronger Demand and Colder Weather
Oil prices remain high, supported by colder weather and geopolitical factors, with Brent at $76.73 and WTI at $74.19, as demand rises and sanctions tighten supply.
Port Strike Looms as Dockworkers Threaten Strike Over AI Automation, Pay Disputes
The International Longshoremen's Association is threatening a strike on January 15 over automation and pay disparity, seeking fair compensation despite a proposed wage hike.
Biden Faces Lawsuit From Nippon, US Steel After Blocking Their $15B Merger
Nippon Steel and US Steel are suing the Biden administration after the merger between the two companies was blocked over national security concerns, despite promises of U.S. investments.
Biden Bans Offshore Oil Drilling to Protect US Waters, Limiting the Country's Energy Production
Biden's ban on offshore drilling protects 625 million acres of US waters, prioritizing climate goals, but may face legal challenges from future administrations.