Sep 14 2024, 02:15 West Texas Intermediate (WTI) crude oil closed lower on Friday, even with supply tight as Hurricane Francine shut in 42% of U.S. Gulf of Mexico production. WTI crude for October delivery closed down US$0.32 to settle at US$68.65 per barrel, while November Brent crude, the global benchmark, was last seen down…
Sep 11 2024, 23:14 European stocks were mixed on Wednesday as global markets focused on the release of the latest U.S. inflation data. The pan-European Stoxx 600 provisionally closed 0.02% higher after rising for much of the trading day before falling into negative territory, and then somewhat paring losses. Major regional bourses were mixed, with…
Sep 11 2024, 08:40 Oil staged a modest rebound after tumbling to the lowest level since late 2021, with an industry group flagging a drop in US stockpiles. Global benchmark Brent rose toward $70 a barrel after sliding by more than 3% on Tuesday, while West Texas Intermediate was near $66. The industry-funded American Petroleum Institute estimated that…
Oil posted its biggest weekly drop in 11 months as a weak US jobs report added to concerns about tepid demand in the world’s largest consumer of crude. West Texas Intermediate fell 2.1% to settle at $67.67 a barrel, cementing the biggest weekly plunge since October 2023. While the US jobs data released Friday increased speculation that the Fed…
Hong Kong scrapped morning trading of its $4.9 trillion stock market as the city extends a storm warning due to Super Typhoon Yagi, which skirted the region overnight as it headed for southern China. The city’s weather bureau issued its third-highest warning alert on Thursday evening, and reiterated early Friday that the Typhoon Signal 8 was expected…
The yen strengthened while the dollar held on to its weakness as investors prepared for the Federal Reserve’s interest-rate cut later this month following another set of weak US jobs data. Japan’s Nikkei 225 gauge fell 0.4% as the yen advanced for a third day against the greenback, helped along by a surprise increase in real…
