Oil prices rise on signs of bumper drawdown in US inventories
Investing.com– Oil prices rose in Asian trade on Wednesday, staying near two-month highs after industry data showed U.S. inventories saw a massive drawdown in the past week, boosting optimism over…
Japan’s first new banknotes in 20 years use holograms to defeat counterfeits
By Irene Wang and Kantaro Komiya TOKYO (Reuters) – Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and…
Court officer’s rep reports several competitive bids in auction of Citgo parent
By Marianna Parraga HOUSTON (Reuters) – The second bidding round for shares in refiner Citgo Petroleum’s parent was “successful,” with several competitive bids received last month by a U.S. federal…
Exxon-Hess arbitration panel nears formation, sources say
By Sabrina Valle HOUSTON (Reuters) – The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil (NYSE:XOM)’s claim against Chevron (NYSE:CVX)’s $53 billion purchase…
UBS: Global gas prices to rise amid tightening supply
Investing.com – According to a research note released on Monday, UBS analysts suggest that global gas prices are set to rise, driven by tightening supply and demand fundamentals. Analysts have…
US dollar inches lower as dovish Powell comments offset upbeat jobs data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments, suggesting…
Oil prices ease from two-month highs to settle lower despite summer demand hopes
Investing.com– Oil prices settled lower Tuesday, after easing from two-month highs, despite expectation for increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions. At…
US says it’s still open to talks with Venezuela after Maduro announces meeting
By Daphne Psaledakis and Matt Spetalnick WASHINGTON (Reuters) – The Biden administration remains open to dialogue with the Venezuelan government, U.S. officials said on Tuesday after President Nicolas Maduro said…
Crude falls as Hurricane Beryl fears fade
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
Crude turns negative as hurricane fears fade
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
