Oil up as wars in Europe and Mideast threaten supply, bearish EIA data caps gains
By Georgina McCartney HOUSTON (Reuters) -Oil prices edged higher on Thursday on worries about supply dissruption that were stoked by mounting geopolitical tensions in the Middle East and Europe, while…
US Senate committee probes 18 oil producers about any price collusion with OPEC
WASHINGTON (Reuters) – The U.S. Senate budget committee on Thursday launched a probe of 18 domestic oil producers about any efforts to illegally coordinate with the Organization of the Petroleum…
US dollar retreats after weak economic data; yen gets minor relief
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen edged up from a 38-year low against the U.S. dollar on Thursday, helped by softening U.S. economic data, although…
South African rand drops on reported discord over cabinet posts
By Tannur Anders JOHANNESBURG (Reuters) – The South African rand fell sharply on Thursday following media reports of a major disagreement between the pro-business Democratic Alliance (DA) party and President…
US Treasury, USAID call in development banks for urgent talks on extreme heat
By David Lawder WASHINGTON (Reuters) -The U.S. Treasury and the U.S. Agency for International Development are calling leaders of multilateral development banks into an urgent meeting on extreme heat and…
India’s INR Under RBI’s Watchful Eye: A Balancing Act
The Indian Rupee (INR) has been under the vigilant watch of the Reserve Bank of India (RBI), which has been focused on maintaining stability and curbing volatility. This strategy, while…
Oil prices firm as Middle East risks offset US demand concerns
By Noah Browning LONDON (Reuters) -Oil prices edged higher on Thursday as supply disruption risks from rising geopolitical tensions in the Middle East helped to counter demand fears after a…
US dollar rally unlikely to be sustained going forward – UBS
Investing.com – The U.S. dollar has been in demand of late, climbing close to its highest level of the year. However, this rally is unlikely to be sustained in the…
Oil prices supported by Middle East tensions ; US inventory build limits gains
Investing.com — Oil prices edged higher Thursday as concerns over Middle East tensions weighing on global supplies overshadowed a surprise build in U.S. inventories. At 07:35 ET (11:35 GMT), Brent…
Bruised yen mired near 1986 low with eye on intervention
By Rae Wee and Amanda Cooper SINGAPORE/LONDON (Reuters) -The yen languished near a 38-year low on the weaker side of 160 per dollar on Thursday, keeping traders on alert for…
