Tag Archives: China

On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …

Oil prices steady lower on Friday, marking weekly flat performance to the downside amid indications of stronger Russian oil supply counterbalancing the better-than-expected rate of US economy’s growth in light of Friday’s PCE data, strong middle distillate refining margins and hopes of a quicker recovery of China’s demand levels.WTI crude …

Crude Gains On Signs Of Stronger Global Energy DemandCrude oil and gasoline prices on Thursday are moderately higher. Better-than-expected US economic data shows the US economy’s strength that is bullish for energy demand and fuel prices. There are also signs of strength in Chinese travel and consumer spending during the …

The WTI crude oil retreats from multi-day high amid lack of major positives, cautious mood ahead of key data. Sluggish markets, Lunar New Year in China limit energy buyers’ optimism.WTI crude oil remains sidelined around $81.70, after refreshing the multi-day high above $82.00 the previous day. In doing so, the …

Gold prices fell on Monday, as investors await US economic data this week that may affect the Federal Reserve’s policy in the future, but the decline in the dollar limited the losses of the yellow metal. The spot gold price fell 0.2 percent to $1922.58 an ounce by 0914 GMT. …

Gold prices initially rose in Asian markets on Monday, supported by a weaker dollar and prospects for the Federal Reserve to slow down interest rate hikes. And the price of gold rose 0.1 percent to 1929.04 dollars an ounce at 0014 GMT. There was little change in US gold futures …

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

Gold prices stabilized on Friday, but were heading for gains for the fifth week in a row, as the weakness of the dollar and hopes of a slowdown in raising US interest rates boosted the attractiveness of the yellow metal, which represents a safe haven. And by 0308 GMT, gold …

Gold price has already touched highest that were last seen in April 2022 above $1,900. The precious metal has a bright outlook in the year ahead.The precious metal is trading at $1918.70 per ounce at the time of writing versus the previous closing price at $19043.70. 2022 was a significant …

Oil prices fell about 1% on Wednesday, abandoning early gains as worries about a probable US recession outweighed optimism that China’s lifting of COVID-19 curbs will fuel demand for crude in the world’s top oil importer.Brent futures fell 94 cents, or 1.1%, to settle at $84.98 a barrel. U.S. West …