Oil prices fell on Tuesday after U.S. President Donald Trump’s extended 50-day deadline for Russia to end the war in Ukraine, offering some relief to immediate supply concerns. Brent Crude and WTI Retreat: Brent crude futures dropped 29 cents, or 0.4%, to $68.92 a barrel. U.S. West Texas Intermediate (WTI) …
Read More »Oil Prices Reach Three-Week High Amid Rising China Imports and U.S. Sanctions on Russia
Oil prices rose on Monday, hitting their highest levels in three weeks as investors focused on further U.S. sanctions on Russia, potential impacts on global oil supplies, and increased oil imports by China. The market was also buoyed by signals of tighter oil supply globally. Brent Crude and WTI Surge: …
Read More »U.S. House Set to Pass Stablecoin Regulatory Bill as ‘Crypto Week’ Begins
The U.S. House of Representatives is poised to pass a landmark stablecoin regulatory bill this week, marking a significant step toward comprehensive digital assets legislation in the U.S. This move is seen as the first major crypto-related bill to reach the president’s desk and is part of a broader effort …
Read More »European Shares Decline Amid Trade Tensions and Tariff Threats
European stocks fell on Monday, driven by a sharp decline in the automobile sector, as investors reacted to the latest trade tariff threats from U.S. President Donald Trump. Market Overview: The pan-European STOXX 600 index was down 0.5%, at 544.74 points, as of 0830 GMT. Other regional indexes also posted …
Read More »Oil Prices Edge Higher Amid Geopolitical Tensions and Supply Concerns
Oil prices rose modestly on Monday, extending Friday’s gains, as investors focused on the potential impact of U.S. sanctions on Russia, which could affect global oil supplies. However, gains were capped by increased Saudi output and ongoing uncertainty surrounding U.S. trade tariffs. Key Price Movements: Brent Crude rose 21 cents …
Read More »Gold Prices Rise Amid Trade Tariffs and Geopolitical Tensions, Silver Hits 14-Year High
Gold prices saw a modest increase in Asian trading on Monday, extending their recent gains as investors sought safe-haven assets amid growing concerns about U.S. President Donald Trump’s trade tariffs and rising geopolitical tensions, particularly over the Russia-Ukraine conflict. Key Price Movements: Spot Gold rose by 0.2%, trading at $3,361.42 …
Read More »Bitcoin Hits Record High Amid Growing Institutional Adoption
Bitcoin surged to an all-time high of over $121,000 during Asian trading on Monday, driven by optimism surrounding the growing adoption of the cryptocurrency by institutional investors and the highly anticipated “Crypto Week” in Washington, which began later in the day. Key Price Movements: Bitcoin last traded at $120,778.8, up …
Read More »Oil Prices Edge Up Amid Market Tightness and Geopolitical Concerns
Oil prices saw modest gains on Friday, as investors weighed the tightness in the prompt market against a potential surplus in the global oil supply, while U.S. tariff threats and the possibility of further sanctions on Russia added to market uncertainty. Key Price Movements: Brent Crude Futures: Up by 40 …
Read More »European Stocks Fall Amid U.S. Tariff Threats
European shares dropped on Friday, with U.S. President Donald Trump’s heightened tariff threats against the European Union causing market jitters. Investors were left awaiting further details on potential levies for the 27-nation bloc. Key Market Movements: STOXX 600: The pan-European index fell 0.7% to 548.98 points at 08:29 GMT, although …
Read More »Gold Prices Rise Amid Tariff Threats and Geopolitical Tensions
Gold prices rose in Asian trade on Friday, recovering some recent losses as safe-haven demand was boosted by U.S. President Donald Trump’s threats of more trade tariffs and ongoing geopolitical tensions in the Middle East. Key Market Movements: Gold Prices: Spot gold rose 0.5% to $3,341.27 an ounce, while gold …
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