Oil prices maintained their upwards trend on Wednesday, following the release of the weekly inventory report in the United States. Brent crude futures for August delivery increased by 40 cents, or 0.5%, to finish at $74.39 per barrel. The West Texas Intermediate (WTI) crude futures for July delivery added 3 …

Gold prices rose on Wednesday for the first time in four sessions, recovering some of its recent losses with the U.S. Federal Reserve’s expected decision to maintain its current policy. The Fed raised its inflation forecasts for 2021 and 2022, demand for the yellow metal increased with investors seeking hedging …

The United States Federal Reserve has decided to maintain interest rates unchanged in its June meeting that concluded on Wednesday. The Federal Open Market Committee (FOMC) expects it will be appropriate to maintain the current rate target range until labor market conditions have reached levels consistent with the maximum employment …

European stocks rose on Wednesday to close at a new record high, amid positive expectations for economic recovery. The STOXX Europe 600 index added 0.27% to finish near 460 points, as the travel and leisure stocks lead the gains and leveled up by 1.3%. This marked the ninth consecutive daily …

Crude oil inventories in the United States declined by 7.4 million barrels last week, according to data by the Energy Information Administration (EIA) released on Wednesday. The decline exceeded most market expectations, which were hovering around 4.2 million barrels for the week ended June 11, but still came below estimates …

The U.S. Federal Reserve will likely maintain its current policy and make no changes in the two-day policy meeting that is concluding on Wednesday. Some analysts have expected the policy statement will point to the next interest rate hike taking place in 2023. Investors will closely examine the monetary policy …

Crude oil inventories in the United States reportedly declined by 8.5 million barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday 11. Meanwhile, gasoline inventories are estimated to have rose by about 2.9 million barrels. Distillate stockpiles increased by about 2 million barrels. Official …

The New York Stock Exchange (NYSE) closed lower on Tuesday, with Wall Street investors shifting their focus towards the Federal Reserve meeting, which is concluding on Wednesday. The Dow Jones Industrial Average closed lower by 94.42 points, or 0.27%, at 34,299.33 points. Meanwhile, the S&P 500 declined by around 8.56 …

The British Pound (GBP) showed a mostly negative performance against the U.S. Dollar (USD) on Tuesday, ahead of the U.S. Federal Reserve’s interest decision and policy statement, which is due on Wednesday. The GBP/USD pair reached its lowest level in about two months at 1.4034, after falling from a daily …

The Australian Dollar (AUD) declined against the U.S. Dollar (USD) on Tuesday, after the release of the Reserve Bank of Australia’s (RBA) June meeting minutes. Minutes showed that the Australian central bank remains committed to extending the quantitative easing, seeing that tapering or ending the bond buying program would be …