Oil prices tick up as crude, gasoline inventories ease
By Arathy Somasekhar (Reuters) – Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent…
Gold prices seen surging to $2,470 amid rate cuts, c.bank buying- TD
Investing.com– Gold prices are expected to advance in the coming weeks, TD Securities said in a note, with steady central bank buying and more clarity on U.S. interest rate cuts…
London leads Europe on new FDI while much of UK sees drop, survey shows
LONDON (Reuters) – London overtook Paris last year as Europe’s top region for new foreign direct investment but many other UK areas saw FDI fall, according to data that underscores…
XAU/USD forecast 2024: Analysts bullish on gold prices amid global uncertainties
As we step into the second half of 2024, analysts’ forecast for XAU/USD has remained increasingly optimistic, with many predicting that gold prices could reach new record-highs by mid-2025, driven…
US needs stronger defenses against China’s overcapacity, Treasury official says
By David Lawder WASHINGTON (Reuters) – The U.S. may need to take further and “more creative” actions beyond tariffs to protect U.S. industries and workers against China’s growing excess industrial…
Montana urges state top court to overturn landmark climate ruling
By Nate Raymond (Reuters) – Montana’s top court is set to hear the state’s appeal of a landmark ruling holding that it was violating the rights of young people to…
Grid operator tells Californians to prepare for power conservation
(Reuters) – The California Independent System Operator (ISO) on Wednesday told customers to be prepared to conserve energy as forecasts of extreme heat this week are set to raise power…
Oil settles higher on hopeful demand outlook as US oil stocks sink
By Georgina McCartney HOUSTON (Reuters) -Oil prices rose on Wednesday after a jump in U.S. refining activity last week prompted a bigger draw than expected from gasoline and crude inventories.…
Oil prices settle higher after surprise draw in US crude inventories
Investing.com– Oil prices settled higher Wednesday as data showing a larger-than-expected draw in U.S. inventories, suggesting tight conditions in the world’s largest consumer. At 14:30 ET (18:30 GMT), Brent oil futures…
Deutsche Bank on commodities: Gold preferred in near term, Copper in mid term
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor preferences, with gold taking center stage in the short term and copper remaining a favorite for the…
