Oil pushed lower for a second session as the market weighed a looming glut and the possibility for an end to hostilities in Gaza, which could siphon some of the war premium out of prices. West Texas Intermediate slipped toward $63 a barrel after tumbling 3.5% on Monday, the biggest drop since late June. Brent closed…
Oil fell, joining a retreat in commodities and equity markets, as a soft outlook for China’s economy outweighed lower US stockpiles. Brent dropped toward $81 a barrel after gaining 0.9% on Wednesday, with West Texas Intermediate near $77. While Beijing further eased monetary policy on Thursday, there’s underlying concern that its slowdown will hamper crude demand. Equities and commodities including copper were…
Oil prices remain stable near their lowest level in almost two months, as the market is more concerned about oversupply than the impact of geopolitical tensions. Brent held around US$61/barrel after closing at its lowest level since October 20, while WTI remains below US$58/barrel. The main pressure comes from expectations of a widening supply surplus:…
Saham-saham Hong Kong memulai perdagangan hari Jumat (8/12) dengan kenaikan kecil, memangkas beberapa kerugian minggu ini, karena investor sangat menantikan rilis data inflasi utama AS yang akan dirilis hari ini. Indeks Hang Seng naik tipis 0,17 persen atau 27,55 poin ke level 16.373,44. Indeks Shanghai Composite sedikit melemah, turun 0,82 poin pada level 2.965,39, dan…
The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after a short-lived surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency. The Japanese currency was up around 0.12% at 148.93 per dollar in early European trading, after unexpectedly surging nearly…
The Hang Seng Index edged up to 26,545.10 in Hong Kong, a day after falling 1.4%. This near-flat movement indicates the market is still calculating after the previous sell-off. Among its constituents, JD.com was the largest contributor to the gain with a 3.4% gain, while Sands China led the daily gain with a 6.2% gain….
