News

Oil little changed as investors eye impact of storm Beryl on Texas Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday. Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday. U.S. West Texas Intermediate crude was at $83.08 a barrel, down 8 cents, after settling down 72 cents in the previous session. The ports of Corpus Christi, Hous...
Oil little changed as investors eye impact of storm Beryl on Texas
Oil little changed as investors eye impact of storm Beryl on Texas
Source: Reuters
2024-07-08 09:13:52 am
Asia shares drift after rally, Wall Street reopen in focus Asian shares held a mixed tone on Tuesday after rallying the previous session, as rising bets of an imminent European rate cut helped risk appetite ahead of some key inflation data. A slew of European Central Bank officials said overnight the ECB has room to cut interest rates as inflation slows, underscoring expectations for a rate cut on June 6. With debate now shifting to subsequent moves, markets have fully priced in two rates cuts by October this year. That helped Wall Street stock...
Asia shares drift after rally, Wall Street reopen in focus
Asia shares drift after rally, Wall Street reopen in focus
Source: Reuters
2024-05-28 08:49:04 am
Oil prices climb amid uncertainty over Iran president`s fate, Saudi King`s health Oil prices extended gains on Monday, inching up amid political uncertainty at major producing countries after Iran's president was feared dead in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 32 cents, or 0.4%, to $84.30 a barrel by 0240 GMT, its highest since May 10. U.S. West Texas Intermediate crude (WTI) rose 5 cents to $80.11 a barrel, after hitting $80.23 earlier, the highest since May 1. A helicopter car...
Oil prices climb amid uncertainty over Iran president`s fate, Saudi King`s health
Oil prices climb amid uncertainty over Iran president`s fate, Saudi King`s health
Source: Reuters
2024-05-20 09:32:46 am
Dollar droops ahead of crucial CPI test; yen under pressure The dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency. The yuan slid to a two-week low versus the dollar after U.S. President Joe Biden unveiled steep tariff increases o...
Dollar droops ahead of crucial CPI test; yen under pressure
Dollar droops ahead of crucial CPI test; yen under pressure
Source: Reuters
2024-05-15 09:09:28 am
Dollar drifts as traders eye US inflation data; frail yen in focus The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely shape the U.S. rates outlook, while the yen was hovering near a two-week low, stoking intervention worries. The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers. They have had to dial back their expectations o...
Dollar drifts as traders eye US inflation data; frail yen in focus
Dollar drifts as traders eye US inflation data; frail yen in focus
Source: Reuters
2024-05-14 09:17:58 am