Bank of England policy, OPEC+ meeting will be in focus today The dollar pared losses on Wednesday after the Federal Reserve held interest rates steady, but left the door open to a cut in borrowing costs at its next meeting in September, as widely expected. The Federal Reserve’s latest rate
The Japanese yen weakened on Tuesday before the Bank of Japan’s decision on whether to hike rates while the dollar gained before the (Fed) Federal Reserve’s meeting, where any new clues of a September rate cut will be in focus. The BOJ will announce its rate decision at the conclusion
Crude Oil Price hit their lowest level since early June, weighed down by lingering worries about demand in top consumer China. The latest data showed that China’s total fuel imports fell by 11% in the first half of 2024. Concerns about China’s broader economic outlook deepened after disappointing GDP numbers
Crude oil prices fell more than three and a half percent on Friday. Prices fell to their lowest since mid-June as investors anticipated a possible cease-fire in Gaza, while a stronger dollar continued to weigh on values. US Secretary of State Antony Blinken said a long-awaited ceasefire between Israel and
Crude Oil price fell more than half a percent on Monday. Prices are under some pressure from China’s economic slowdown, which is dampening demand, although consensus is growing that the US Federal Reserve will begin cutting interest rates as soon as September’s rate cuts are capped. China’s economy grew much
Crude Oil price fell nearly a percent on Monday. Prices fell to their lowest levels in a week after Hurricane Beryl shut down US refineries and ports in the Gulf of Mexico and on hopes that a possible ceasefire in the Gaza Strip could ease concerns about global crude supply
Today’s crude oil news looks quite interesting. The price of oil rose by more than two percent on Monday. Prices rose to their highest in two months on expectations of increased demand during the northern hemisphere’s summer driving season and concerns that the conflict in the Middle East could spread
Crude oil price retreated from the day’s highs as a surprise rise in U.S. inventories fueled fears of sluggish demand from the biggest oil consumer, although concerns a possible escalation in the Gaza war could disrupt limited supplies in middle east. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel
Crude oil price rose to its highest level in more than two weeks on Tuesday as traders dismissed the weekly increase in crude inventories from the American Petroleum Institute (API). Additionally, the dollar retreated from intraday highs and fell after a weaker-than-expected US retail sales report for May also weighed
Crude oil prices rose to their highest level in more than a week yesterday. Prices rose sharply on heightened hopes for seasonal fuel demand and possible purchases of US crude for its own oil reserves, although a stronger dollar capped gains. of. Brent crude futures climbed 3.6%, to $81.90 per
