Oil prices extended gains on Monday, buoyed by a weak dollar and tight supplies that offset fears about a recession and the possibility that widespread shutdowns in China to combat COVID-19 will again reduce demand for fuel. Brent crude futures for September delivery settled 69 cents, or 0.7 percent, at …

The dollar index fell during Friday’s trading, but it is heading to record its third weekly gain, benefiting from its strong rise throughout the week, with increasing expectations of a rate hike by the Federal Reserve. The index is up 4% in the past three weeks, marking its biggest gain …

The markets have recently witnessed a number of turbulence that affected the risk appetite of investors, by the negative data such as the recent inflation and unemployment data, in addition to the cautious anticipation of the upcoming Federal Reserve meeting with expectations of raising interest rates by 100 points, which …

The US dollar settled at a two-decade high on Friday after global markets swept into a wave of risk-off, with traders expecting the Federal Reserve to raise interest rates by 100 basis points later this month. Currencies seen as more vulnerable, including the Australian dollar and the British pound, have …

Gold prices fell on Friday, July 15, and remained on track for the fifth consecutive weekly decline, as the continued rise in the dollar and fears of a sharp rise in US interest rates affected the demand for bullion. And the price of gold in spot transactions fell 0.3% to …

Japan’s Nikkei index closed higher for the third consecutive session Friday after weak trading, led by gains for Uniqlo clothing chain operator Fast Retailing and video game maker Nintendo, while fears of an economic slowdown limited the gains. The Nikkei index closed up 0.54% at 26788.47 points, after swinging for …

Oil prices rose on Friday on expectations of a milder US interest rate hike, but concerns about a recovery in demand capped gains. By 0300 GMT, Brent crude futures for September delivery rose $1.25, or 1.3 percent, to $100.35 a barrel. West Texas Intermediate crude futures rose 90 cents, or …

The Chinese economy contracted sharply in the second quarter of this year 2022, while annual growth slowed significantly, highlighting the huge losses in economic activity due to the widespread closures to contain the Corona virus, which shook industrial production and consumer spending. Official data released Friday showed that China’s gross …

) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a significant US interest rate hike, which would curb rising inflation but at the same time hurt oil demand. Brent crude futures for September fell $2.14 to $97.43 a barrel by 1038 GMT, …

) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a significant US interest rate hike, which would curb rising inflation but at the same time hurt oil demand. Brent crude futures for September fell $2.14 to $97.43 a barrel by 1038 GMT, …