Russia Economy Could Suffer Due to Saudi Arabia
Russia’s wartime economy may struggle to maintain necessary oil revenue if Saudi Arabia significantly lowers global crude prices. Reports suggest the kingdom has indicated that...
Tag : Oil Prices
Asian Stocks Advance After Tech Lifts Wall Street
Asian equities climbed following a tech rally in Wall Street and expectations of Federal Reserve rate cuts. Chipmakers like Nvidia Corp. led market gains with...
Oil Steadies as Mideast Tensions Vie With Libyan Supply Outlook
Brent for December traded near USD 72 a barrel after closing slightly higher on Monday, with West Texas Intermediate surpassing USD 68. Israel’s military announced...
Oil Heads for Deep Weekly Loss on Prospects for Jump in Supply
Brent crude approached the USD 71 per barrel mark and is down by more than 4% for the week, while West Texas Intermediate is trading...
Asian Equities Rallied as Soft Yen Supports Japan
Asian stocks rose on Thursday as the weaker yen and stimulus measures from Beijing supported the region’s two largest stock markets. Equities in Japan and...
Oil Prices Gained on Positive US Economic Data, Libya Disruptions
Oil stabilised after surging on Thursday, August 29, following positive US economic data and escalating supply disruptions in Libya. Brent for November was trading at...
Oil Set for 3% Weekly Gain on U.S. Jobs Data Easing Recession Concerns, Mideast tensions
Oil prices went up on Friday, with Brent crude futures rising 22 cents to USD 79.38 per barrel and U.S. West Texas Intermediate crude futures...
Oil Prices Surge As Investors Find Indications Of U.S. Rate Cuts
In the early trade on Monday, oil prices increased as investors considered the expected start of a series of rate cuts in September. At 0035...
Oil Prices Dropped On Data Indicating a Slowdown in the US Economy
On Thursday, July 4, 2024, oil prices dropped after the release of weaker-than-expected U.S. employment and business activity data, suggesting a potential slowdown in the...
Oil Prices Slipped as Interest Rate Hike Worries Come into Focus
In the early hours of Friday, crude oil futures took a slight dip due to concerns over potential interest rate hikes in key markets in...