Oil prices experienced a subtle shift on Tuesday, with investor attention split between heightened geopolitical tensions in the Middle East and the optimism surrounding potential interest rate cuts by the US Federal Reserve. These factors contribute to a delicate equilibrium, impacting global economic growth and influencing oil demand. Market Dynamics: …

Gold prices rose on Tuesday during weak trading due to the Christmas holiday and in light of the decline in the dollar and bond yields due to growing expectations that the Federal Reserve (the US central bank) will cut interest rates in March. Gold in instant transactions rose 0.5 percent …

In 2023, the global oil markets underwent a transformative journey, shaped by a confluence of factors ranging from the lingering impacts of the COVID-19 pandemic to geopolitical events such as Russia’s invasion of Ukraine. This tumultuous backdrop precipitated a realignment of benchmark crude oil prices, reshaping global trade flows and …

The head of the Russian Central Bank, Elvira Nabiullina, revealed in an interview with Russian media that the bank is poised to initiate the purchase of foreign currencies if oil prices reach the range of $88 to $90 per barrel. She further indicated that the bank will persist in selling …

On Monday, Japan’s Nikkei index closed higher, buoyed by the prospect of interest rate reductions in the United States, which also contributed to gains in the Standard & Poor’s 500 and Nasdaq indices at the conclusion of the previous week’s trading. However, shares of shipping companies experienced a decline due …

European stocks closed on a weak note on Friday as weaker-than-expected US inflation data offset losses in sportswear makers and stocks exposed to China, just ahead of the Christmas holiday. The European STOXX 600 index edged up by 0.1 percent, marking gains for the sixth consecutive week in a streak …

At the start of trading on Friday, European stocks took a hit, primarily due to a decline in the shares of technology and sportswear companies. Investors are carefully weighing the potential impact of global trade disruptions following attacks in the Red Sea. Additionally, they await the release of crucial inflation …

The UK shared economic updates today, and it’s a mix of news. According to the latest data from the British government on December 22nd, the Gross Domestic Product (GDP) went down by about 0.1% in the third quarter. This is a change from the first report, which initially suggested stability. …

The dollar stabilized above its lowest level in over four months on Friday, with expectations centered on the release of crucial inflation data in the United States later in the day. This data may offer insights into the potential for the central bank to cut rates in the coming year. …

Oil prices rose as much as 1 percent on Friday as tensions continued in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to withdraw from OPEC raised questions about the cartel’s effectiveness in supporting prices. By 0409 GMT, Brent crude futures rose 86 …