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…
Oil gains on supportive US stockpile data, gasoline demand firm
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.…
Powell Testimony Keeps Dollar Steady
The Powell Testimony continues to be a focal point for global financial markets. Fed Chair Jerome Powell’s comments on Capitol Hill have provided significant insights into the U.S. economy’s direction.…
Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts
By Arathy Somasekhar, Marianna Parraga and Curtis Williams HOUSTON (Reuters) -About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as…
Gold Price Forecast Surges Amid Fed Rate Cut Speculations
The gold price forecast has surged recently, driven by rising Fed rate cut bets and the positive outlook following the Federal Reserve testimony. Investors are closely monitoring the inflation data…
Oil rises after U.S. posts crude, gasoline stock draw
By Georgina McCartney HOUSTON (Reuters) -Oil prices roses on Wednesday after a jump in U.S. refining activity last week prompted a bigger draw than expected from gasoline and crude inventories.…
Power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts
By Arathy Somasekhar, Marianna Parraga and Curtis Williams HOUSTON (Reuters) -About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as…
Silver Price Forecast & Predictions for 2024 and Beyond
Silver, classified as both a precious and industrial metal, has a special place in the global market due to its extensive utility and investment opportunities. It is utilized in various…
Power outages hinder Hurricane Beryl recovery, delay port, infrastructure restarts
By Arathy Somasekhar and Marianna Parraga HOUSTON (Reuters) – About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress…
