Oil prices steady after large draw from US crude inventories
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro…
Citi: Gold investment demand to rise
Citi analysts have introduced a framework for understanding and forecasting gold prices, which they state aims to rejuvenate investment in this asset by providing a robust, regime-independent model. This framework…
Oil prices steady as lessening hurricane concerns balance bumper drawdown
Investing.com– Oil prices steadied Wednesday, largely handing back early gains but remaining near two-month highs after industry data showed U.S. inventories dropped substantially last week, boosting optimism over demand. At…
Euro expected to hold ground despite political tremors: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank…
China’s Sinopec strikes large oil, gas flow at South China Sea well
SINGAPORE (Reuters) – China’s Sinopec (OTC:SHIIY) Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea,…
Russian firms raise zinc output to meet government demand, sources say
By Polina Devitt and Pratima Desai LONDON (Reuters) – Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and reduce reliance on…
Oil prices steady after large US crude inventory draw
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from…
Morning Bid: New records as jobs scanned, Tesla jumps
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets…
Americans look past fuel cost, bad weather to set July Fourth travel record
By Shariq Khan NEW YORK (Reuters) – High fuel costs and the threat of a hurricane are not expected to dampen Americans’ desire to hit the road this summer, with…
Yen slides to fresh lows, market ‘challenges’ Japan authorities to act
By Kevin Buckland and Amanda Cooper TOKYO/LONDON (Reuters) -The yen hit a fresh 38-year trough against the dollar and a record low to the euro on Wednesday, as the currency…
