Gold strengthened its position on Wednesday morning in Asia. Investors shifted their attention to U.S. inflation data after Federal Reserve’s Chairman Jerome Powell set a less hawkish tone and reiterated that the central bank would tackle inflation. Gold futures rose 0.01% to $1,818.75 by 11:39 PM ET (4:39 AM GMT). The U.S. currency, which usually …
Gold Futures Gained 0.1% Thanks to a Combination of Factors Read More »
Oil prices jumped on Tuesday, supported by tight supply as well as hopes that rising coronavirus cases and the spread of the Omicron variant will not affect a global demand recovery. OPEC supply additions are running below their allowed increase as part of a pact with allies as some countries are struggling to increase output. …
Oil prices rose on January 5, rising towards $81 a barrel after OPEC+ producers adhered to an agreed output target rise for February and investors analyzed the impact of the Omicron variant of Covid-19. Brent crude futures gained 65 cents or 0.81% to $80.65 a barrel by 13:17 GMT. U.S. West Texas Intermediate (WTI) crude …
Oil prices declined on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply at a meeting on Tuesday amid diminishing concerns regarding the spread of the omicron variant of Covid-19. Brent crude futures dropped 25 cents to $78.74 a barrel at 07:39 GMT. U.S. West Texas Intermediate (WTI) …
Oil Prices Fell as Investors Monitored Producers’ Meeting Read More »
Oil prices rose on January 3 as the market kicked off the new year on a positive note with suppliers in focus ahead of an important meeting, although surging Covid-19 cases continued to affect demand sentiment. Brent crude gained 56 cents or 0.72% to $78.34 a barrel as of 07:10 GMT. U.S. West Texas Intermediate …
Oil Prices Rose One Day Ahead of An Important Meeting Read More »
Oil prices fell on Thursday. Prices declined after China reduced the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up in spite of the omicron variant. Brent crude futures dropped 27 cents or 0.3% to $78.96 a barrel at 13:22 GMT. U.S. On Thursday, …
Oil Fell After the Biggest Importer Reduced Import Quotas Read More »
Gold declined on Wednesday morning in Asia, with falling U.S. Treasury yields countering the impact from slightly improved risk sentiment, and giving the gold a boost. Gold futures dropped 0.19% to $1,807.45 by 10:41 PM ET and 10-year U.S. Treasury yields edged lower. Stocks in Asia-Pacific were mixed on Wednesday as investors analyzed the impact …
Oil prices jumped on December 28, with Brent crude trading near $80 a barrel in spite of the rapid spread of the omicron variant of Covid-19, supported by supply outages and expectations that U.S. inventories declined last week. Brent crude gained $1.04 or 1.3% to $79.64 a barrel by 11:19 GMT. U.S. West Texas Intermediate …
Oil Prices Jumped As Market Ignored Covid’s New Variant Read More »
Oil prices were mixed on December 27 after airlines called off thousands of flights over the Christmas holidays amid surging Covid-19 cases. Companies canceled more than 2,000 flights as the rapid spread of the omicron variant affected operations. The staffing shortages disrupted travel for thousands of people, many of whom skipped holiday travel in 2020. …
Oil Prices Were Mixed After Airlines Canceled Flights Read More »
Oil Prices Dropped Ahead of Christmas, Market Focus on OPEC+ Brent crude futures declined ahead of Christmas, with many investors away for the holidays, nonetheless, the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact of Covid’s new variant. Oil prices recovered this …
Oil Prices Dropped Ahead of Christmas, Market Focus on OPEC+ Read More »
Oil Prices Fell as Countries Introduced Travel Restrictions Oil prices declined on Thursday as countries reintroduced travel restrictions to limit the spread of the omicron variant of Covid-19, though the downside remained capped over positive developments around Covid-19. U.S. West Texas Intermediate (WTI) crude futures dropped 12 cents or 0.1% to $72.62 a barrel …
Oil Prices Fell as Countries Introduced Travel Restrictions Read More »
The price of gold rose on Wednesday morning in Asia. Its price rose as investors turned to safe-haven assets over the fears of the omicron Covid-19 variant. Still, higher U.S. Treasury yields and a somewhat improved investor risk appetite countered these concerns and capped gold’s gains. Gold futures advanced 0.03% to $1,789.20 by 11:01 …
Oil prices declined on December 20 as surging cases of Covid’s new variant in Europe and the United States stoked investor worries that new restrictions to tackle the spread could affect the oil demand. Brent crude futures dropped $2 or 2.07% to $71.52 per barrel. U.S. West Texas Intermediate (WTI) crude futures declined $2.63 …
On Monday, oil prices declined by more than 2% as surging cases of Covid’s new variant in Europe and the U.S. affected the sentiment. They are monitoring new restrictions, as they would like to learn more about omicron’s impact on fuel demand. Brent crude oil futures dropped $1.92 or 2.6% to $71.60 a barrel by …
Oil Prices Fell as Omicron Influenced Investor Sentiment Read More »
Gold rose on Friday morning in Asia. Its price increased after key central banks tightened their monetary policies at their respective meetings this week. Gold futures gained 0.32% to $1,803.95 by 11:14 PM ET (4:14 AM GMT), set for their best week since mid-November 2021. The U.S. dollar, which usually moves inversely to gold, fell …
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