Tag Archives: rate cut

Oil prices fell on Tuesday ahead of data that will shed light on Americans’ appetite for fuel during the summer driving season, with the price structure of benchmark Brent crude signaling that the bulls are retreating. And by 0916 GMT, Brent crude futures fell 41 cents, or 0.6 percent, to …

Oil prices rose on Tuesday for the second consecutive session, as worries about political instability in Russia and possible supply disruptions outweighed concerns about global demand. Brent crude futures rose six cents to $74.24 a barrel, while US West Texas Intermediate crude futures rose ten cents to $69.47 a barrel. …

Oil prices fell on Monday after Russia’s private military group Wagner revolted at the weekend, although political instability did not appear to pose an immediate threat to oil supplies from one of the world’s top producers. And by 0900 GMT, Brent crude futures fell eight cents, or 0.1 percent, to …

Oil prices maintained most of the gains achieved on Wednesday in early trading on Thursday, while markets assessed a sudden drop in US crude stocks against the possibility of weak demand after the Federal Reserve Chairman hinted at the possibility of further interest rate hikes. And by 0015 GMT, Brent …

On Wednesday, oil prices extended losses for the third day in a row, on the back of the dollar’s rise thanks to the recovery of the US housing market, while demand concerns persisted, fearing that monetary stimulus in China will not be enough to revive growth. Brent crude futures fell …

The WTI fell to a five-day low of $69.82 before edging higher to $70.63 at the ti9me of writing, seeing more than 1.50% losses. PBoC rate cuts fueled energy demand concerns among Oil traders.World indexes declined following the decision signaling a negative market sentiment. On Tuesday, the West Texas Intermediate …

The European Central Bank said on Wednesday that it is seeking for a new top bank supervisor to replace Andrea Enria, whose tenure expires at the end of the year. Candidates for the position of chair of the ECB’s Supervisory Board, the eurozone’s most senior banking watchdog, must apply by …

European Central Bank’s Governing Council member Mario Centeno said on Wednesday that the policy will remain tight for some more time but noted that rates should start to come down at some point during 2024, as reported by Reuters.“Monetary policy in terms of fixing key rates is at the maximum …

Gold prices reversed course and rose on Thursday after a slight decline in the dollar helped dampen risk appetite fueled by waning concerns about the global banking system. By 0738 GMT, spot gold rose 0.3 percent to $1,968.89 an ounce. US gold futures settled at $1984.70. The dollar index fell …

Gold prices fell on Thursday as calming concerns about the global banking system increased risk appetite and curbed some attempts to buy the safe-haven metal. By 0346 GMT, spot gold fell 0.2 percent to $1,960.52 an ounce, down for a second session. US gold futures fell 0.4 percent to $1,977.00. …