Oil prices settle lower as traders weigh summer demand, weak China imports
Investing.com– Oil prices settled lower Friday as traders weighed up rising summer demand and data showing Chinese crude imports shrank in June. At 14:30 ET (18:30 GMT), West Texas Intermediate crude…
Oil futures fall on weaker consumer sentiment
By Nicole Jao NEW YORK (Reuters) -Oil prices edged lower on Friday as investors weighed weaker consumer sentiment against data that supported a U.S. Federal Reserve rate cut in September.…
Oil futures rise as US inflation eases
By Paul Carsten LONDON (Reuters) -Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, though Brent crude was still…
USDA increases US corn production estimate, cuts stocks
By Heather Schlitz (Reuters) – The U.S. Department of Agriculture raised its estimate for corn production and cut the soybean production forecast on Friday, adjusting its estimates in line with…
XAU/USD: Potential CTA selling likely to be offset by physical demand – UBS
Gold has shown stronger support than anticipated over the summer, with prices rebounding above $2400 following softer-than-expected US inflation data, according to UBS. The investment bank notes the precious metal…
A million homes, businesses in Texas still without power after Hurricane Beryl
By Arathy Somasekhar HOUSTON (Reuters) – About a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall, with fierce winds and…
Nearly a million in Texas still without power after Hurricane Beryl
By Arathy Somasekhar HOUSTON (Reuters) – About a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall, with fierce winds and…
Bitcoin price today: drops to $57k amid little relief from Mt Gox fears
Investing.com– Bitcoin price slid on Friday, reversing a recent rebound as traders remained largely on edge over selling pressure from distributions by defunct exchange Mt Gox, as well as capitulation…
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal
(Reuters) – Top U.S. independent oil producer ConocoPhillips (NYSE:COP) said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of…
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep…
