Oil prices fell after the U.S. government announced it would release crude from the Strategic Petroleum Reserve, while traders eyed inflation data for further clues. Brent crude futures were down 90 cents, or 1.4%, at $85.72 a barrel at 1320. The DOE thought it would sell too much and so it was going to stop …
Oil prices down while speculators await inflation data Read More »
The dollar fell on Tuesday as investors awaited an expected inflation report, while the yen gained ahead of the expected appointment of the Bank of Japan’s next governor, Kazuo Ueda. Markets look to U.S. CPI data for clues about the Fed’s policy outlook. The number should rise 0.53% in January after falling 0.12% in December. …
The dollar was testing a five-week high against its major peers on Monday, with particular gains against the rate-sensitive Japanese yen as investor speculation that the Federal Reserve is going to keep monetary policy on hold for longer pushed U.S. yields higher. These expectations will be challenged or highlighted by the main event of the …
Oil prices dropped because investors were worried about short-term demand. They were also worried about U.S. inflation data. Brent crude was down 68 cents, or 0.72%, at $85.72 a barrel, after rising 2.23% on Friday. US WTI crude was down 60 cents, or 0.72%, at $79.13, after rising 2.12% in the previous session. Oil prices …
Oil falls on demand fears before the US inflation data Read More »
The dollar rose sharply as investors held off on U.S. inflation next week on concerns of an economic slowdown and Fed rate hike sentiment. The dollar index, increased 0.156% to 103.35 after falling 0.25% in the previous session. The index is poised for a weekly gain, its second consecutive positive week, and a run it …
Oil prices rose Friday after Russia announced a 500,001-barrel cut in March oil production. Crude oil prices ended the week with an overall gain. However, prices started to increase even more in the week as the Fed signaled that rate hikes would continue and Chinese demand didn’t impress. The announcement by Russia means that oil …
Oil prices fell in after-hours trading in the United States after the country’s oil output hit its highest level in months and on signs that the Federal Reserve may continue to raise interest rates. Brent crude futures were down 68 cents at $84.42 a barrel at 1,322 p.m. Both benchmarks gained more than 5.5% this …
The U.S. dollar hovered in the middle of a recent range against major peers as investors looked into announcements from Fed officials. Traders will also be closely observing the crucial consumer inflation results due next week. At the same time, the Australian dollar went up after seeing gains in U.S. equity futures and Reserve Bank …
Western sanctions against Russia have broadly reduced state oil revenues and diverted tens of billions of dollars to shipping and refining companies, some of which have Russian ties. Most of the winners from the sanctions were created in China, India, Greece, and the United Arab Emirates. Neither firm violates sanctions, but they have taken advantage of measures …
The US dollar fell Wednesday after the Fed head refused to raise his tone on inflation despite a very solid US jobs number last week. In a Tuesday session before the Economic Club of Washington, Powell explained that interest rates might be higher than expected if the US economy remains strong. Still, he reiterated that …
The dollar eased on Tuesday but still hovered near a one-month peak as traders raised bets on how high the U.S. Federal Reserve would need to raise interest rates to curb inflation. The main mover on Tuesday was the Australian dollar, which rose 1.5% to $0.6953 after the country’s central bank raised its cash rate …
Germany will weigh on European growth until 2030 as it faces pressure to deal with a shrinking workforce and stagnant investment. The agency sees Germany’s expansion potential at 1.05% over the medium term, compared with 1.54% for Europe, as rising costs related to the COVID-19 and the energy crisis weigh on public finances. By the …
Germany will influence as a drag on growth in Europe Read More »
Oil prices increased for a second session on Tuesday, boosted by hopes of a recovery in demand in China and concerns about a supply shortage after an earthquake in Turkey shut down a major export terminal. Brent crude futures were up 74 cents, or 0.932%, at $81.73 a barrel, while West Texas Intermediate U.S. crude …
Oil prices recovered from last week’s 8.2% drop on supply concerns, but were still trading near a three-week low on concerns that slowing growth in major economies could limit fuel consumption. Brent crude futures were up 86 cents, or 1.09%, at $80.82 a barrel. US WTI crude futures were down 54 cents, or 0.75%, at …
The dollar held firm against the euro, with traders saying the U.S. Federal Reserve will likely raise its benchmark rate to 5.3% and keep it on hold to curb inflation after data showed the labor market remained strong. An earthquake in central Turkey and Syria and a strong U.S. dollar pressured emerging currencies, sending the …
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