Oil prices varied during trading today, Thursday, in the Asian trading session, as investors awaited the reaction of “OPEC” to the release of crude oil from emergency reserves by major consuming countries to calm the market. Brent crude futures rose 0.07% to $82.31 a barrel, while West Texas Intermediate crude …

European shares rose on Thursday, as a rebound in hard-hit technology shares and a rise in French liquor maker Rémy Cointreau allayed concerns about a surge in coronavirus infections across the continent. The pan-European Stoxx 600 index rose 0.4 percent by 0809 GMT, recovering from a three-week low hit on …

There were no fresh moves for the majors during the Asian session. Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement. Gold futures rose 0.47% to $1,792.75, after falling to their lowest level since …

Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement. The UAE said that it has no “prior stance” ahead of the upcoming OPEC+ meeting. The UAE Energy Minister, Suhail Al Mazrouei, said last Tuesday …

Gold prices rose on Thursday as the dollar weakened, but hawkish comments from US Federal Reserve policymakers limited the metal’s allure and kept it well below the important $1,800 level. Spot gold rose 0.2 percent to $1,791.76 an ounce by 0501 GMT, after falling to its lowest level since November …

The Turkish lira continued its recovery Thursday, November 25, after a historic plunge to record lows this week sparked by President Recep Tayyip Erdogan’s defense of interest rate cuts. The lira was trading at 11.85 against the dollar, as it rose about 1.9% from about 12.0820 yesterday, Wednesday. The lira …

According to the latest release by the US Census Bureau, US Durable Goods Orders fell by 0.5% MoM in October compared to market expectations for a small 0.2% rise in sales. That marked an acceleration of the 0.4% contraction in orders recorded in September. Excluding transportation, orders rose at a …

There were 199,000 initial claims for unemployment benefits in the US during the week ending November 20, the data published by the US Department of Labor (DOL) revealed on Wednesday. This reading followed the previous print of 270,000 (revised from 268,000) and came in better than the market expectation of …

Oil prices rose on Wednesday, extending gains from the previous day as investors remained skeptical about the effectiveness of a US-led move to draw down strategic oil reserves and shifted their focus to the next step for oil producers. Brent crude futures rose 13 cents, or 0.2 percent, to $ …

The Turkish lira fell back to a new record low on Wednesday amid fears of high inflation and other economic repercussions, after it plunged 15 percent the previous day after President Recep Tayyip Erdogan defended recent interest rate cuts. The lira fell to 13.1500 against the dollar, before falling to …