Oil pushed lower after a loss of almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to concerns over global demand and OPEC+’s plan to boost production from October. Brent traded near $74 a barrel and West Texas Intermediate dropped below $70 for the first time since early January….
Japan’s Topix gains as higher crude oil prices boost trading companies and mining-related firms, while defensive buying supports demand for drugmakers and gas companies. Topix rose 0.1% to 2,695.83 as of 9:26 a.m. Tokyo time. Nikkei 225 declined 0.1% to 38,319.10. Recruit Holdings contributed the most to the Topix’s gain, increasing 2.3%. Out of 2,132 stocks in…
Japanese equities were mixed as tech shares slumped after the yen edged higher and underwhelming earnings from Nvidia damped the outlook for the chip sector. The wholesale trade sector gained on rotational flows. Topix Index was virtually unchanged at 2,693.02 as of 3pm market close in Tokyo. Nikkei 225 was virtually unchanged at 38,362.53. Out of 2,130…
The dollar edged higher on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partially offset investors’ optimism for imminent U.S. interest rate cuts. Geopolitical risks kept early currency moves subdued, though fears of an escalating conflict following Israel and Hezbollah’s major missile exchange over the weekend petered out….
Oil advanced as the Middle East braced for escalating conflict after an Israeli strike on Hezbollah targets in southern Lebanon. Global benchmark Brent rose above $79 a barrel, while US marker West Texas Intermediate climbed to near $75. Israel on Sunday morning sent more than 100 warplanes to take out thousands of Hezbollah missile launchers, after which the…
Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032…
