Tag Archives: global shares

Global shares rose while the US dollar fell on Friday after better-than-expected jobs data provided clues the tightness in the American labor market was starting to ease, raising hopes the Federal Reserve could soften its stance on interest rates.Data from the Bureau of Labor Statistics showed the U.S. economy generated …

The USD/CAD pair extends its decline from weekly highs around 1.3220s reached on Thursday, spurred by elevated US PPI data, which showed that inflation is far from peaking, triggering an uptick in expectations of a Fed 100 bps hike, which later eased as Fed policymakers pushed back against those assumptions.The …

Oil prices rose on Wednesday before the release of data on US oil inventories, as tight supplies and increased demand for fuel supported crude futures contracts, while major Chinese cities eased restrictions imposed to contain the Covid-19 pandemic. Brent crude futures for August rose 22 cents, or 2 percent, to …

Oil prices stabilized on Tuesday as the market weighed risk appetite, concerns over supply, and the prospect of increased demand as China eases its restrictions on the spread of the coronavirus. Brent crude futures were down 44 cents, or 0.3 percent, at $119.07 a barrel by 1209 GMT. US West …

Oil futures rose above $120 on Monday after Saudi Arabia raised crude selling prices in July, indicating a tight supply even as the OPEC+ producers agreed to accelerate production increases over the next two months. Brent crude rose 68 cents, or 0.6 percent, to $ 120.40 a barrel by 0640 …

Oil prices fell on Friday after the OPEC+ group decided to increase production targets a little more than planned, but global supply shortages and increased demand as China eased Covid-19 restrictions curbed losses. The OPEC + bloc, which includes the Organization of the Petroleum Exporting Countries (OPEC) and independent oil …

Oil prices were little changed on Friday and held on to the gains they made in the previous session on doubts that oil producers in the OPEC+ cartel could increase crude production enough to offset Russian oil supply shortfalls. the price of West Texas Intermediate crude futures rose one cent …

Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …

Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …

Oil prices fell more than $2 a barrel on Monday, following a second consecutive weekly decline after countries announced plans to withdraw record amounts of crude and petroleum products from their strategic stocks and as lockdowns continued in China. Brent crude fell $2.05, or 2.0 percent, to $100.73 a barrel …