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Al Jazeera Citing NEADA: Average U.S. Household Heating Costs Projected to Rise 7.1% This Winter
According to Al Jazeera, citing projections released this week by the National Energy Assistance Directors Association (NEADA), the average cost of home heating using various fuels in the U.S. is expected to reach $1,002 this winter, up 7.1% from last winter. Households relying on heating oil are projected to spend $2,977, a year-on-year increase of 70.2%. Mark Wolfe, Executive Director of NEADA, stated that the situation in the Strait of Hormuz and uncertainties in global oil supply make price trends difficult to predict. The above figures are institutional forecasts.
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24H Trending
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WTI crude oil rose 3.23% from its previous close, currently trading at $89.034
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Gold fell 2.66% from its previous close, currently trading at $3,881.04.
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The 10-year US Treasury yield rose by about 8 basis points from the previous close, currently standing at 5.08%.
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The yield on the 30-year US Treasury bond rose by about 8 basis points from the previous close, currently standing at 5.44%.
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Watami, the Japanese restaurant group, has its founder planning to take the company private through a management buyout (MBO)
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Citadel Securities has poached Matthew Zimmerman from Diameter Capital Partners to head investment-grade corporate bond trading.
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Google DeepMind has launched Gemini 4 Hydrogen, with pricing set at $1.50 and $7.50 per million tokens for input and output, respectively.
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Microsoft services suffer widespread outage impacting thousands of users in North America; Amazon Web Services and Google users also report disruptions
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Australia's benchmark government bond yield fell below that of the US for the first time in over a year, as interest rate paths in the two countries diverge.
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