01-01-1970 12:00 AM | Source: Angel One Ltd
Crude oil in New York climbed in a volatile session By Heena Naik, Angel One Ltd
News By Tags | #6943 #473 #607 #6826

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Below are Views On Crude oil in New York climbed in a volatile session By Heena Naik, Research Analyst - Currency, Angel One Ltd

* Japan's export growth weakened to its slowest in seven months in September while a surge in imports added to worries that pandemic-led global supply chain snags could derail a fragile economic recovery. 

* Oil futures traded higher as an energy supply crunch continued across the globe while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. 

* The People’s Bank of China (PBOC) announced that it has maintained the one-year loan prime rate (LPR) at 3.85% for the 18th month in a row at its October fixing. The Chinese central bank’s decision met market expectations.

* U.S. homebuilding unexpectedly fell in September amid acute shortages of raw materials and labor, supporting expectations that economic growth slowed sharply in the third quarter.

* The Chinese Yuan hit a four-month high as fears about contagion from property giant China Evergrande's debt troubles receded and some of its peers made bond coupon payments.

* Crude oil in New York climbed in a volatile session after Russia signaled it may not give Europe extra natural gas without approval for the Nord Stream 2 pipeline.

* US Fed Governor Christopher Waller said the central bank’s bond-buying program should begin tapering next month. However, he added interest-rate increases are probably “still some time off.”

* According to a report, there could be a rise in India’s Current Account Deficit owing to rising global commodity prices led by crude, coal and metals.

 

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