Oil prices rose sharply Friday after a Ukrainian drone attack reportedly damaged a major oil depot in the Russian Black Sea port of Novorossiysk, potentially tightening global supply At 04:40 ET (09:40 GMT), Brent oil futures for January jumped 1.5% to $63.94 a barrel and West Texas Intermediate crude futures rose 1.7% to $59.67 a…
Silver prices remained strong in the European session on Friday, hovering around $52-53 per troy ounce. Spot data showed silver rising nearly 1% to around $52.7-53 after a sharp rally in recent weeks, and is now just slightly below the historical high of $53.55 reached in mid-October. Within a week, silver had risen several dollars…
World oil prices continue to weaken after previously plummeting by more than 4%. West Texas Intermediate (WTI) crude is now around $58 per barrel, while Brent has fallen below $63. This decline occurred after OPEC reported that global oil supply exceeded demand in the third quarter. This condition indicates that the long-awaited oil surplus is…
Silver prices rose about 1% to above $51 per ounce on Wednesday, the highest level in nearly three weeks, supported by growing expectations that the Federal Reserve will continue cutting interest rates this year. Optimism over an imminent end to the US government shutdown which would allow the release of fresh economic data, also reinforced…
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent and JD.com, as well as Chinese economic data for November. The Hang Seng Index fell 0.1% to 26,888.09 as of 10:06 a.m. local time,…
Japan’s Nikkei Stock Average is flat at 51063.78 as gains in financial shares offset losses in tech and energy stocks. Nomura Holdings is up 2.7% and Mitsubishi UFJ Financial Group is 2.0% higher while SoftBank Group is down 2.2% and Eneos Holdings is 1.1% lower. Broader market index Topix is up 0.4% at 3372.55. USD/JPY…
