Oil down $2 as investors digest weak US job data
By Noah Browning LONDON (Reuters) -Oil prices fell by more than $1 on Friday, remaining on course for a fourth successive weekly drop after data showed the U.S. economy added…
Libya’s $70 billion wealth fund sees thaw in UN asset freeze by year-end
By Libby George and Marc Jones LONDON (Reuters) – The Libyan Investment Authority is expecting U.N. sign-off by the end of the year to actively manage its $70 billion in…
Oil prices fall for fourth week as US job growth disappoints
By Noah Browning LONDON (Reuters) -Oil prices fell by more than $1 on Friday, remaining on course for a fourth successive weekly drop after data showed the U.S. economy added…
Oil prices slump on demand concerns after weak US jobs data
Investing.com– Oil prices slumped Friday, heading for a fourth straight week of losses, as weak U.S. jobs data added to concerns that slowing economic growth will hit consumption as the…
Oil prices set for fourth weekly fall on demand concerns
By Noah Browning LONDON (Reuters) -Oil prices held steady on Friday but remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand…
Exxon delivers $9.2 billion second-quarter profit, raises output target
By Sabrina Valle (Reuters) – Exxon Mobil (NYSE:XOM) on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising output from its purchase this year of shale oil firm…
Citi projects that gold physical investment demand will further increase
Gold physical investment demand could further increase in 2024 and next year, Citi strategists said in a Thursday note. In their report, strategists maintained their 0-3 month and 12-month gold…
Morning bid: Rethinking recession risks and AI, markets take fright
A look at the day ahead in U.S. and global markets from Mike Dolan August looks anxious already – as stock markets take fright at Big Tech earnings and start…
Dollar falls as data points to economic slowdown; sterling weak
Investing.com – The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world’s largest economy, potentially prompting the Federal Reserve…
Oil prices up but on course for fourth weekly fall amid demand concerns
By Noah Browning LONDON (Reuters) -Oil prices rose on Friday but were on course for a fourth successive weekly decline as signs of disappointing global fuel demand growth outweigh fears…
