Oil rebounds slightly on short-covering as strong dollar caps gains
By Nicole Jao NEW YORK (Reuters) -Oil prices rebounded on Wednesday, settling higher on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but…
Oil futures dips on mixed API report as weekly gasoline stocks climb
Investing.com — U.S. crude oil futures were slightly lower in post-settlement trading Wednesday after the American Petroleum Institute reported an unexpected fall in weekly domestic inventories, though gasoline supplies ticked…
Trump pick Rubio could harden oil sanctions on Iran, Venezuela
By Timothy Gardner and Vivian Sequera WASHINGTON/CARACAS (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on…
Gold prices slides to fourth-straight loss as dollar rebounds
Investing.com– Gold prices gave up gains Wednesday, suffering a fourth-straight loss as the dollar rebounded from session lows despiteΒ in-line US inflation data supporting bets for a December Federal Reserve rate…
Dollar hits one-year high on Trump trades
By Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line…
Democratic governors create group to resist Trump policies
By Stephanie Kelly and Brad Brooks (Reuters) – The governors of Illinois and Colorado on Wednesday said they will co-chair a coalition of mostly Democratic-led states to fight back against…
Oil settles up on short-covering but strong dollar caps price gains
By Nicole Jao NEW YORK (Reuters) -Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC’s demand forecast cut, while the…
Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) – Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting…
Oil bounces back on short-covering after OPEC’s gloomy demand forecast
By Nicole Jao NEW YORK (Reuters) -Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC’s demand forecast cut, while the…
Dollar advances near 7-month peak after US inflation data
By Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line…
