Commodities

Oil prices rebounded on Thursday, defying concerns over a surprise increase in U.S. crude stockpiles, as escalating geopolitical tensions in the Middle East raised concerns about potential supply disruptions. Brent crude futures, the international benchmark, climbed 0.9% to $86.01 a barrel, while U.S. West Texas Intermediate crude futures also rose …

U.S. stock index futures climbed on Wednesday, continuing a recovery in the tech sector, led by a surge in Nvidia shares and an optimistic outlook from delivery giant FedEx. Dow Jones Futures held steady, while S&P 500 Futures gained 0.2% and Nasdaq 100 Futures jumped 0.3%, indicating a positive start …

Oil prices continued their upward trajectory on Wednesday, approaching a two-month high, driven by expectations of dwindling inventories during the peak summer demand season and heightened geopolitical tensions in the Middle East. Market Dynamics Brent crude oil futures rose 0.7% to $85.64 a barrel, while U.S. West Texas Intermediate crude …

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …

Gold prices retreated in Asian trade on Tuesday, remaining within a narrow band around the low $2,300s as a resilient dollar and anticipation of key U.S. inflation data dampened investor appetite for the precious metal. Despite a slight overnight dip in the dollar, the greenback held its ground, buoyed by …

Oil prices remained largely unchanged on Tuesday, following a rise in the previous session. Investors are cautiously awaiting the release of U.S. consumer price data, which could influence interest rate decisions and subsequently impact oil demand. However, expectations of increased consumption during the peak summer driving season in the U.S. …

The recent price surge in crude oil is a result of a combination of factors, including positive demand signals from the US and escalating geopolitical tensions in the Middle East and Ukraine. Unexpected draws in U.S. oil inventories and improved gasoline demand have painted a brighter picture for crude, while …

Canada is considering imposing new import tariffs on electric vehicles from China. This move aligns with Canada’s efforts to secure a significant role in the global electric car supply chain. Deputy Prime Minister Chrystia Freeland cited concerns about China’s excess production of electric vehicles, which Canada argues creates unfair competition …

Gold is benefiting from a weaker US Dollar, edging up by 0.45% amidst firm US Treasury bond yields. Investors are closely watching the upcoming PCE The Federal Reserve’s favoured inflation indicator, the PCE Price Index, is expected soon, and investors are eagerly monitoring it since it may affect expectations for …

Interviewed by Dubai TV, Muhammad Hashad; Head of the Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented and analyzed the performance of some key assets in the financial markets, especially the noticeable rally in the US dollar, and whether it was …