Oil prices continued their decline on Wednesday, extending losses from the previous session. Markets are weighing the implications of U.S. President Donald Trump’s declaration of a national energy emergency and his proposed tariff policies. Market Performance Brent Crude Futures: Fell 36 cents (0.5%) to $78.93 per barrel as of 07:30 …
Read More »Oil Prices Dip Amid Mixed Sentiment Ahead of Trump’s Inauguration
Oil prices started the week slightly lower, as markets balanced optimism over tighter supplies against cautious anticipation of U.S. President-elect Donald Trump’s policy announcements. Price Movements Brent crude futures for March delivery fell 0.2% to $80.61 a barrel. WTI crude futures dipped 0.1% to $77.31 a barrel.This decline follows four …
Read More »Financial Markets Weekly Reap: Q4 Earnings, CPI In Focus
Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …
Read More »Oil Prices Dragged Almost 3% Lower By US Draw, Red Sea Calm, Sanctions
Oil prices experienced a slight decline, driven by a convergence of factors. A potential ceasefire agreement in the Red Sea, aimed at halting Houthi attacks on shipping, has eased maritime security concerns and reduced geopolitical risk premiums. This development, coupled with a recent agreement between Israel and Hamas to end …
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