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OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS 0
- Market, Stock Market
- October 10, 2022
Oil fell on Monday as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high London-traded Brent oil futures fell 0.7% to $97.73 a barrel, while U.S. West Texas Intermediate crude futures fell
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US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX 0
- Market, Stock Market
- October 8, 2022
Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade
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Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months 0
- Market, Stock Market
- October 7, 2022
Oil Prices Fell On Friday As Markets Awaited More Economic Cues From A Closely-Watched U.S. Payrolls Report, But Were Headed For Strong Weekly Gains After The OPEC+ Announced Its Biggest Supply Cut Since The 2020 COVID Pandemic London-traded Brent oil futures fell 0.4% to $94.43 a barrel, while West Texas Intermediate crude futures were largely
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US DOLLAR CLINGS TO GAINS AS BETS ON FURTHER FED HIKES FIRM 0
- Market, Stock Market
- October 6, 2022
THE Dollar Fought For A Footing In Choppy Trade On Thursday With Support From Upbeat U.S. Data And Hawkish Policymaker Comments While The Prospect Of Higher Energy Prices Helped Exporters’ Currencies And Weighed On Those Of Importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those
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OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS 0
- Market, Stock Market
- October 4, 2022
Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts
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GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN 0
- Gold, Market, Stock Market
- October 3, 2022
Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2%
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