On Wednesday, the dollar index continued to retreat from its highest level in 20 years after it had already digested expectations that the Federal Reserve will raise interest rates by half a point later on Wednesday and about 250 basis points by the end of the year. Currency markets are …

A report seen by Reuters on Wednesday showed that the OPEC + alliance expects a surplus of 1.9 million barrels per day in 2022, an increase of 600,000 barrels per day from previous estimates, amid expectations of a slowdown in oil demand growth this year. The report, which was prepared …

A source familiar with the matter told Reuters on Wednesday that Russian oil exports, excluding those destined for the former Soviet Union, rose to an average of 4.88 million barrels per day in the first four weeks of April, an increase of 2 percent compared to March. The source also …

Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, announced plans to phase out Russian oil imports, offsetting fears of declining demand from China, the world’s largest oil importer. By 0746 GMT, Brent crude futures rose $2.94 a barrel, or 2.8 percent, to $107.91 a …

Gold prices fell on Wednesday, with the increase in the yield on US Treasury bonds and an imminent hike in the interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1% to $865.31 an ounce by 00:40 GMT. US gold futures fell 0.2% to …

Elon Musk said on Tuesday Twitter Inc. might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for …

The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia The European Commission imposed new sanctions on the Kremlin on Wednesday, including the gradual cancellation of Russian crude imports for a period of six months to be updated…

lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs. A full recovery of driver supply from pandemic lows was taking …

Oil prices rose in early Asian trade on Wednesday after industrial data showed a decline in US crude and fuel stocks, which raised supply concerns. The price hike comes on the back of Tuesday’s news that the European Union is preparing to impose new sanctions on Russia over its invasion …

Gold prices fell on Wednesday with the increase in the yield on US Treasury bonds and an imminent hike in the US interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1 percent to $865.31 an ounce by 0040 GMT. US gold futures fell …