Oil prices are on track for their biggest weekly decline since late June ahead of the weekend OPEC+ meeting, which is expected to restore more idled supply, heightening concerns about oversupply. Brent is hovering around $64/barrel (down 8% on the week), while WTI is below $61. The producer alliance will meet online on Sunday to…
Oil prices stabilized after plunging nearly 7% this week. The market awaits the OPEC+ meeting later this week, which is expected to restore idled supply, heightening concerns about a global oversupply. Brent is trading below $66/barrel, and WTI is nearing $62. EIA data Wednesday showed US crude stockpiles rose for the first time in three…
Silver traded around $47 per ounce on Tuesday and was set to advance almost 20% in September as safe-haven demand strengthened amid the risk of a US government shutdown. The standoff comes as President Donald Trump has made little progress in reaching a temporary spending deal with opponents, heightening market uncertainty. The US Labor Department…
Japanese stocks closed lower on Tuesday (September 30) after minutes of the Bank of Japan (BOJ) meeting indicated the possibility of a future interest rate hike. The Nikkei 225 index fell 0.25%, or 111.12 points, to 44,932.63. The minutes of the September 18-19 meeting showed differing views among board members, with some supporting a rate…
Silver prices (XAG/USD) continued Thursday’s gains and approached $42.40/oz during Friday’s European session. Sentiment was boosted by expectations of policy easing after the Federal Reserve began its interest rate cut campaign amid concerns about a weakening US labor market. On Wednesday, the Fed cut interest rates by 25 bps to a range of 4.00%–4.25% and…
Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early trade on Monday, marking gains for the second session. Sentiment was supported by a modest rise in U.S. futures ahead of the Fed’s policy meeting later this week, where the central bank is widely expected to cut rates by 25bps, though some traders…
