US dollar little changed after hitting a 2-week high against the euro
The U.S. dollar reached a two-week peak compared to the euro, with investors preparing for a week filled with crucial data, including the U.S. payrolls report due on Friday. At…
Oil prices slump on news Libyan supply may possibly return to the market
U.S. oil futures opened modestly higher with the Crude Oil WTI Futures crude oil futures trading about 0.3% higher at $70.32. During a volatile Tuesday’s trading session, oil prices plummeted to…
With uncertainty around iron ore demand, Citi sees a risk for Australian economy
Citi’s commodity strategists highlighted the significant role of Iron ore fines 62% Fe CFR Futures in the Australian economy, emphasizing its contribution to profits and government revenues. In the fiscal…
Capital Index (UK)’s Revenue Drops 29%, Company Blames Cost of Living Crisis
Capital Index (UK), a London-based online forex and CFD brokerage firm has disclosed its financial report for 2023, highlighting a decline in revenue and deepening losses. The company’s 2023 trading…
US gasoline slumps to near 3-year low on end of driving season, oil slump
By Shariq Khan NEW YORK (Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on…
Dollar rises as traders eye data-heavy week; yen strengthens
By Saqib Iqbal Ahmed and Amanda Cooper NEW YORK (Reuters) – The dollar rose to a two-week high against the euro on Tuesday as traders braced for a data-heavy week,…
Oil slumps about 5% as end to Libyan dispute in sight
By Arathy Somasekhar (Reuters) -Oil prices dropped 5% on Tuesday to their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources,…
Oil prices slump to multi-month lows as signs Libya to end dispute, resume output
Investing.com — Oil prices slumped to eight-month lows Tuesday, as potential end to a dispute in Libya that has disrupted output and worries about OPEC+ potentially increasing output later this weighed…
Oil drops 5% with resolution to Libyan dispute in sight
By Arathy Somasekhar (Reuters) -Oil prices dropped 5% on Tuesday to their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted…
