Oil prices slip, US recession fears offset Mideast supply worries
By Florence Tan SINGAPORE (Reuters) – Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world’s top oil consumer, offset concerns…
Oil falls, Brent settles at 7-month low after disappointing US job numbers
(Corrects headline and paragraph 1 in Aug 2 oil report to indicate it was Brent that settled at a 7-month low) By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on…
Column-Gold’s run to record high may crimp demand: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) – Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may…
Yen rises to 7-month highs as US slowdown fears spill over
By Vidya Ranganathan SINGAPORE (Reuters) -Japan’s yen hit its highest levels against the dollar since January on Monday, as markets extended moves triggered last week after weak U.S. labour data…
Hurricane Debby takes aim at Florida’s Gulf Coast, expected to slog up East Coast
By Rich McKay (Reuters) – Hurricane Debby is expected to slam into the Big Bend region of Florida’s Gulf Coast by midday on Monday before slowly crossing the state, causing…
Gold prices rise close to record highs amid recession fears, rate cut bets
Investing.com– Gold prices rose in Asian trade on Monday and were trading in sight of record highs as the yellow metal benefited from increased safe haven demand amid heightened concerns…
Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high
Investing.com– Most Asian currencies moved in a tight range on Monday, taking little advantage of a softer dollar amid growing concerns over a slowdown in U.S. economic growth. The Japanese…
Bitcoin, ether sink to multi-month lows as recession worries take hold
(Reuters) -Bitcoin fell on Sunday, continuing a selloff in the world’s largest cryptocurrency. The cryptocurrency was recently down around 5.1% at $59,357 after falling the previous day. Crypto markets have…
Chevron removes non-essential personnel from Gulf of Mexico sites as Debby approaches
(Reuters) – Chevron Corp (NYSE:CVX) said on Sunday that non-essential personnel from its Blind Faith and Petronius facilities in Gulf of Mexico have been removed as Tropical Storm Debby approaches.…
Oil prices rise from 8-mth lows as M. East tensions grow; demand fears persist
Investing.com– Oil prices rose slightly in Asian trade on Monday as heightened tensions in the Middle East kept some concerns over supply disruptions in play, although gains were limited by…
