Low crude oil inventories may support higher 2025 prices
Investing.com — Low crude oil inventories are setting the stage for potential price increases in 2025, according to a recent note from Wells Fargo (NYSE:WFC). Despite a flat performance this year,…
Weekly Update: Crypto Market Surges, FCA Eases “Name and Shame” Policy, and More
Will Bitcoin Reach 100K? This week, Bitcoin broke the $90k barrier, trading as high as $93k. Now, the cryptocurrency market is watching with strong positive sentiment as the top cryptocurrency…
Honduras battles flooding as Tropical Storm Sara unleashes heavy rainfall
By Marvin Valladares TELA, Honduras (Reuters) – Wading through waist-deep water, residents along the northern coast of Honduras trudged through the streets on Friday carrying their belongings and pets, as…
Gold prices slump to worst week since 2021 as rate-cut bets fade
Investing.com– Gold prices steadied in Asian trade on Friday, but were nursing their worst weekly performance in over three years as strong U.S. inflation and less dovish signals from the…
Piper Sandler on why oil markets do not share the bubbly optimism of stocks
Investing.com — Oil markets have been left in the dust of the post-election surge in risk assets as challening fundamentals of increased supply and slower demand point to an “iffy end to the…
Trump says Interior pick Burgum will chair new National Energy Council
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his nominee for interior secretary, North Dakota Governor Doug Burgum, will chair a new National Energy Council, which will oversee…
Trump says Doug Burgum will chair new National Energy Council
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his nominee for interior secretary, North Dakota Governor Doug Burgum, will chair a new National Energy Council, which will oversee…
Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut
By Georgina McCartney HOUSTON (Reuters) -Oil prices lost $1 per barrel on Friday and were bound for a weekly loss as investors fretted about weaker Chinese demand and a potential…
Dollar notches weekly gain as traders reassess rate cut expectations
By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of…
Oil falls 2% on weaker Chinese demand, uncertainty over Fed rate cut
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell more than 2% on Friday and were on track for their biggest weekly decline in a month as investors fretted about weaker…
