Oil prices rose in volatile trading on Wednesday due to disruptions in crude exports from Russia and Kazakhstan via the Caspian Sea pipeline. The price of Brent crude futures rose $3.13, or 2.7 percent, to record $118.61 a barrel. The price had fallen earlier to 114.45 dollars a barrel. The …
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Crypto service providers may be an “accomplice to” circumventing sanctions against Russia, and crypto assets have been and remain a threat, said Christine Lagarde, president of the European Central Bank (ECB).Lagarde said the amount of Russian rubles going into crypto and stablecoins have been on the rise, speaking at the …
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Oil prices fell below $114 a barrel on Tuesday, giving up part of their 7 percent gains on Monday, as European Union member states split over a possible ban on Russian oil, but persistent supply risks limited prices. The bloc’s foreign ministers were divided over whether to join the United …
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The USD started the American session on the back foot but gradually strengthened following hawkish comments by US Fed Chair Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference, Powell said that if they need to raise fed funds rate by …
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The bulls are firmly back in control of global oil markets following a series of bullish catalysts over the weekend which has sent the front-month WTI future as nearly $5.0 higher on the session to test the $110 per barrel area. As the Russian invasion of Ukraine rumbles on and …
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Credit rating agency Standard & Poor’s on Thursday downgraded Russia’s rating to CC from -CCC, as Moscow reported difficulties in meeting debt payments due on dollar-denominated bonds in 2023 and 2043. The rating agency said Russia’s payments problems were caused by international sanctions over the invasion of Ukraine. Sanctions have …
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The US Dollar remained under selling pressure throughout the day, accelerating its slump ahead of the London fix. The USD was affected by persistent weakness in government bond yields following the hawkish Federal Reserve’s announcement on Wednesday.Economic DataWTI crude has climbed near USD 102.00 as IEA renewed fears of supply …
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Oil prices strongly rebounded on Thursday, with front-month WTI futures surging nearly USD 8.0 to the USD 102s. While prices are still USD 27 below last week’s highs, Thursday’s rally may signal an end to the recent bear run.Oil prices have seen a strong rebound on Thursday, with front-month WTI …
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The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …
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US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …
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