Oil prices edged higher on Tuesday after an API report indicated US crude inventories fell by 3 million barrels, the first decline in four weeks. Brent for December delivery rose about 0.3% to $61.49/barrel, while WTI rose 0.3% to $57.42/barrel. The market awaits confirmation from official US government data (EIA) due Wednesday to determine the…
Sep 24 2024, 07:52 Gold steadied near a record high after several Federal Reserve officials appeared to leave the door open to additional large rate cuts. Bullion traded near $2,630 an ounce, after closing up 0.3% on Monday and hitting an all-time high following the remarks. Chicago Fed President Austan Goolsbee and some of his colleagues…
Oct 3 2024, 06:22 Oil rose for a third day as traders assessed supply risks in the Middle East, with Israel expected to make a retaliatory strike against Iran following Tehran’s missile barrage earlier this week. West Texas Intermediate climbed toward $71 a barrel after advancing almost 3% over the prior two sessions, while Brent closed…
Feb 11 2025, 15:03 Oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and sanctions threats, despite worries that escalating trade tariffs could dampen global economic growth. Brent crude futures were up 55 cents, or 0.72%, at $76.42 a barrel by 0717 GMT, while U.S. West Texas Intermediate crude rose…
The Nikkei 225 lost 315 points, or 0.6%, to close at 50,376 on Monday, reversing the prior session’s gains as trading thinned ahead of year-end holidays. Sentiment turned cautious after China staged large-scale military drills around Taiwan under its “Justice Mission 2025” exercise. Investors also pared risk ahead of Tuesday’s release of minutes from the…
Gold steadied just below $2,500 an ounce as investors took stock after a broad sell-off that rattled equity and commodity markets, with the weakness stoked by concerns about economic growth. Bullion was little changed after losing just 0.3% on Tuesday even as a gauge of the US dollar — a go-to asset at time of market…
