Oil prices rise amid rate cut cheer, summer demand hopes
Investing.com– Oil prices rose in Asian trade on Friday amid optimism over U.S. interest rate cuts and improved summer demand, but were still set for weekly losses on some profit-taking.…
Oil rises on cooling US inflation, strong summer demand
(Reuters) – Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world’s biggest oil market, the United…
Japanese yen firms, USDJPY slides amid intervention talk, rate cut hopes
Investing.com– The Japanese yen firmed sharply on late-Thursday, with the USDJPY pair dropping to a near one-month low amid speculation over potential currency market intervention by the government. Strength in…
About 1 million in Texas without power, Freeport LNG to restart after Beryl
By Arathy Somasekhar, Curtis Williams and Georgina McCartney HOUSTON/FREEPORT (Reuters) -More than 1.2 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed…
US sued over ‘failure to examine harms’ from delayed offshore oil decommissioning
By Georgina McCartney (Reuters) – An environmental group on Thursday sued the U.S. government over its approach to examining the harm caused by ageing offshore oil and gas infrastructure, citing…
EUR/USD forecast for 2024: UBS presents 3 scenarios that could lead to a decline
The euro (EUR) has remained in a narrow trading range against the US dollar (USD) for much of 2023, with UBS analysts predicting that this trend may persist into the…
Oil rises settles higher; US inflation data feeds rate cut hopes
By Shariq Khan NEW YORK (Reuters) -Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S.…
Over 1 million in Texas without power, Freeport LNG to restart after Beryl
By Arathy Somasekhar, Curtis Williams and Georgina McCartney HOUSTON/FREEPORT (Reuters) -More than 1.2 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed…
Oil gains as US inflation data raises rate cut hopes
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Thursday, keeping the Brent benchmark above $85 a barrel, as hopes rose for U.S. interest rate cuts after data showed…
Over 1 million in Texas without power, Freeport LNG restart pending after Beryl
By Arathy Somasekhar, Curtis Williams and Liz Hampton HOUSTON/FREEPORT (Reuters) -About 1.3 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed the…
