Oil prices fell more than $5 on Monday as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub Shanghai said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell to $115.32 and fell $5.15, or 4.3 …
Read More »US Shares Close Mixed As Traders Hunt For Fed’s Policy Direction
US equities were mixed throughout Friday but eventually closed higher for the week after a streak of up and down days on Wall Street as investors digest the path ahead for the US central bank’s interest rate hikes and a host of new sanctions imposed by Western nations against Russia.The …
Read More »European stocks fall as the crisis in Ukraine worsens
European shares fell for the third consecutive session on Friday, on course to end the week lower as the escalating Russia-Ukrainian conflict kept investors cautious as the weekend approaches. A decline in financial and technology shares erased gains in core and low-risk sectors, with the pan-European Stoxx 600 index falling …
Read More »Oil is falling as fears of a supply crunch recede
Oil prices fell on Friday as supply concerns eased as European Union countries remained divided over an oil embargo on Russia, while the United States and its allies considered releasing more oil from storage to calm markets. Brent crude futures fell 46 cents, or 0.4 percent, to $118.57 a barrel …
Read More »WTI Mixed Amid Supply Concerns
WTI has been choppy on Thursday, swinging between the $112s and upper $116s as traders weigh various themes.Traders continue to fret about Russian supply disruptions due to Western sanctions as US/Iran talks falter. Oil markets have seen volatile trade thus far this Thursday, with traders juggling a multitude of themes. …
Read More »US announces new sanctions on Russia’s Duma, oligarchs and defense sector
According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …
Read More »European shares rise as concerns grow over Ukraine
European shares opened higher on Thursday, supported by gains in low-risk sectors, on fears of a worsening crisis in Ukraine as Western countries plan more sanctions on Russia. The pan-European Stoxx 600 index rose 0.2 percent, with utilities and consumer goods companies leading the way. Raw materials stocks fell 0.3 …
Read More »Oil prices fall on hopes for Iran nuclear deal, supply concerns persist
On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran. Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude …
Read More »Oil rises in turbulent trading after Caspian Sea pipeline disruption
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 …
Read More »European shares rise, boosted by commodity-related shares
European shares opened slightly higher on Wednesday, extending gains for the sixth consecutive session, despite continuing concerns about the economic fallout from the Ukraine crisis. Shares of energy and basic materials companies were among the biggest gainers, as fears of supply shortages due to the war between Russia and Ukraine …
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