Oil mixed as Venezuela sanctions ease, Middle East in focus
By Laura Sanicola
(Reuters) -Oil prices were little changed on Thursday as the United States eased sanctions on Venezuela to allow… Read More
As the International Olympic Committee (IOC) voted to include cricket in the 2028 Los Angeles Olympics at the historic Mumbai session, IOC member Nita Ambani welcomed the inclusion of the p… Read More
The emergence of a new conflict in the Middle East is introducing fresh complexities to the global energy markets. This conflict between Palestine and Israel is burdening a struggling world… Read More
EDITORS NOTE: Graphic content / TOPSHOT – A plume of smoke rises above buildings in Gaza City on October 7, 2023 during an Israeli air strike. At least 70 people were reported ki… Read More
Developing oil interest and broadened supply cuts have driven the market into a shortage and will permit OPEC to support Brent unrefined costs in a reach somewhere in the range of $80 and $1… Read More
International oil markets are in a tizzy as several rapid developments have pushed prices to levels last reached nearly a year ago. First, Russia and Saudi Arabia have extended voluntary pro… Read More
Dow sank 288, decliners over advancers 2-1 & NAZ dropped 217. The MLP index slid back 1 to the 242s & the REIT index was off 1+ to the 364s. Junk bond funds fluctuated &a… Read More
Negotiations between Iraq and Turkey concerning the oil pipeline continue to be difficult. High-level diplomacy has been unsuccessful in overcoming the hurdles, while Turkey has filed a lega… Read More
Here are the key news highlights that investors should be aware of as they kick start their trading day:
1. Market Outlook
On Wednesday, it seems like stock prices may go down again af… Read More
Globally oil prices climb on expectations of lower OPEC exports in August. On Monday, higher oil prices could be seen as global supply tightened with lower exports from oil petroleum exporti… Read More
Oil prices were volatile on Thursday due to concerns about slowing growth in China and potential U.S. interest rate hikes, which could weaken fuel demand in the world’s two largest eco… Read More
Domestic equity benchmarks Sensex and Nifty settled lower for the second consecutive session on Friday, August 11 amid weak global cues and the dollar’s rise against its major glo… Read More
MARKET WRAPS
Watch For:
EU retail trade; U.K. monthly car registrations figures, Bank of England Chief Economist Huw Pill speaks at Monetary Policy Report National Agency briefi… Read More
Dow crawled up 103 with a little buying into the close, advancers over decliners better than 2-1 & NAZ was off 29. The MLP index gained 1+ to go over 120 & the REIT index … Read More
Even after falling more than a dollar a barrel in the previous session, crude oil benchmarks recorded their their-straight weekly gain as the dollar strengthened and oil traders boo… Read More
The diesel price used as the basis for most fuel surcharges reversed course this week, rising 3.9 cents a gallon for the first increase in three weeks and just the third in the past 23 week… Read More
For the 20th time in the last 22 weeks, the benchmark price of diesel used for most fuel surcharges has declined.
The Department of Energy/Energy Information Administration price r… Read More
Europe and the US face a “lower” risk of a recession than previously expected, thanks to policies that promote industrial growth, the head of commodity strategy at Saxo Bank ha… Read More
The supertanker business has a reputation for being one of the most volatile freight markets in the world. It’s living up to its reputation again.
“Supertankers stole the sho… Read More
Crude oil prices traded firmly on Friday, however, are moving to end the current weekly performance on a muted note on a week-on-week basis. Weak Chinese data sparked worries about… Read More
Dow was off 131, decliners over advancers 4-3 & NAZ declined 82. The MLP index pulled back 1+ to the 219s & the REIT index was up 2 to the 357s. Junk bond funds fluctuate… Read More
On Monday, the Organization of the Petroleum Exporting Countries (Opec) and its allies unexpectedly announced a drastic 1.6 million barrel per day reduction in production, sending crude oil… Read More