Oil prices fell on Wednesday, pressured by a build-up in U.S. crude inventories and reduced concerns over Libyan supply disruptions. Investors are also closely monitoring potential U.S. tariffs on Canadian and Mexican oil imports. As of 0916 GMT: Brent crude futures declined $0.59 (-0.76%) to $77.90 per barrel. U.S. West …
Read More »Oil Prices Edge Higher, Set for Weekly Decline Amid Trump’s Energy Policies and Market Caution
Oil prices saw a modest rise on Friday but remained poised for weekly losses as markets reacted to U.S. President Donald Trump’s aggressive energy policies and ongoing global economic concerns. Market Performance Brent Crude Futures: Up 0.4% to $78.61 per barrel, down nearly 3% for the week. West Texas Intermediate …
Read More »Oil Prices Hold Steady Amid Uncertainty Over Trump’s Tariffs and Energy Policies
Oil prices showed little movement on Thursday, holding onto most of the losses from the previous session as uncertainty over U.S. President Donald Trump’s proposed tariffs and energy policies cast a shadow over global economic growth and energy demand. By 1315 GMT, Brent crude futures edged up 18 cents to …
Read More »Gold Prices Gain as Dollar Weakens, Traders Eye Trump’s Policies
Gold prices edged higher in Asian trading on Tuesday, bolstered by a weaker U.S. dollar, as market participants turned their focus to policy uncertainties stemming from U.S. President Donald Trump’s inauguration. Gold Shines as a Safe Haven Amid Policy Uncertainty Spot gold rose 0.3% to $2,727.39 per ounce, while February …
Read More »Gold Steadies Near One-Month High Amid Rate Uncertainty and Trump Policies
Gold prices hovered near a one-month high during Asian trading hours on Friday, driven by investor uncertainty over U.S. interest rate policy and the incoming administration of President Donald Trump. Meanwhile, industrial metals like copper gained ground, buoyed by robust economic data from China. Gold Gains on Dollar Weakness and …
Read More »Oil Prices Rise Amid Supply Concerns and Stronger Demand Outlook
Oil prices extended their gains for a second consecutive session on Thursday, bolstered by concerns over potential supply disruptions due to expanded U.S. sanctions on Russia, a sharper-than-expected drop in U.S. crude inventories, and signs of improving global demand. Price Movements Brent Crude: Increased by 23 cents (0.3%) to $82.26 …
Read More »Gold Prices Hold Steady Ahead of U.S. Inflation Data as Dollar Weakens Slightly
Gold prices remained relatively unchanged in early Wednesday trading, as investors exercised caution ahead of key U.S. Consumer Price Index (CPI) data. A slight decline in the U.S. dollar provided modest support to the precious metal, while concerns over Federal Reserve rate policies kept gold rangebound. Key Highlights Gold Performance: …
Read More »Oil Sees Mixed Signals as US Demand Forecast Meets Russian Sanctions
Oil prices experienced a modest decline on Tuesday after the US Energy Information Administration (EIA) released its forecast for steady US oil demand in 2025 and 2026. This downward trend, however, was partially offset by the recent US sanctions imposed on Russian oil exports to major buyers like India and …
Read More »Oil Prices Touch Five-Month High Amid Sanctions on Russia
Oil prices extended their upward trajectory on Monday, reaching a five-month high on worries about potential supply disruptions impacting major importers like China and India. These concerns stem from the wide-ranging sanctions imposed by the US on Russia, targeting oil executives, traders, and a significant number of vessels involved in …
Read More »Putin Signals Readiness for Dialogue with Trump Amid Domestic and Geopolitical Challenges
On Thursday, Russian President Vladimir Putin expressed his willingness to engage in dialogue with U.S. President-elect Donald Trump. While details regarding a potential meeting remain unclear, Putin used his annual press conference to address a wide array of topics, from the conflict in Ukraine to Russia’s economic outlook and military …
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