Oil prices rose on Tuesday, amid disruptions due to the cyber attack on the Colonial Pipeline in the United States, which plays a huge role in the distribution of gasoline across the U.S. Crude prices fluctuated during the second session of the week, before settling with limited gains. Brent crude …

The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday that the U.S. economy needs more time to recover before reducing the current pace of asset purchases. “I don’t want to change a whole lot until we’re clear of this ditch we’ve dug ourselves into with …

The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that the U.S. economy is recovering but remains challenged by uncertainty, reiterating the need for patience in monetary policy. “The outlook is bright, but risks remain, and we are far from our goals.”“Basing monetary policy on outcomes rather than …

Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States. The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce. The decline comes after gold’s most active contract rose on Monday to its highest …

European stocks fell on Tuesday, after rising yesterday to a new record high, due to increased selling pressures amid fears of a rise in inflation and concerns about the rising number of coronavirus cases. The STOXX Europe 600 index plunged by 1.97%, as travel and leisure stocks fell by 5.7%. …

Job openings in the United States surged to a new record high in March, data by the U.S. Department of Labor showed on Tuesday. New job openings rose by 597,000, or 8%, to 8.12 million last month, compared with their level in February, according to the Job Openings and Labor …

A cyberattack on a major gasoline pipeline in the United States has been identified as a ransomware attack, which means that the aim of the attackers is likely to receive money and not perpetuating a political message or cause instability in the American energy sector. The attackers, a group called …

The main indices of the New York Stock Exchange (NYSE) closed lower on Monday, due to increased selling pressures by Wall Street investors who projected concerns about a rise in inflation. After opening higher and shortly hitting a new intraday record high, the Dow Jones Industrial Average lost all of …

Oil prices finished Monday’s trading marginally higher, on the back of concerns about a cyberattack on the Colonial Pipeline in the United States. Brent crude futures for July delivery rose by 4 cents to settle at the level of $68.32 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

Gold prices rose on Monday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and fears about a potential rise in inflation rates, which led to higher demand for safe havens. The yellow metal futures for June delivery gained $6.30, or 0.3%, to finish at …