Oil prices rise; US crude inventories, Canadian wild fires boost sentiment
Investing.com– Oil prices rose Wednesday, recovering from recent losses after industry data showed a fall in U.S. inventories, suggesting strong demand from the world’s largest consumer. At 08:15 ET (12:15…
Oil prices edge up off six-week lows
By Paul Carsten LONDON (Reuters) -Oil prices edged higher on Wednesday but were still close to their lowest level in six weeks with few signs of the fuel consumption surge…
Commodity currencies struggle, carry trade churn helps yen, Swiss franc
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged…
Analysis-Investors foxed by Japan’s revamped FX intervention blueprint
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) – Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities…
Morning bid: High earnings bar, Harris polling bump
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please. Much like last week’s cool market…
US refiners’ Q2 profits fall on low margins, soft fuel demand
By Nicole Jao NEW YORK (Reuters) – U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that…
Oil prices hover near lowest in six weeks
By Paul Carsten LONDON (Reuters) – Oil prices traded around their lowest level in six weeks on Wednesday, as the northern hemisphere gets deeper into summer with limited signs of…
Dollar edges higher, euro slips after weak PMI data
Investing.com – The U.S. dollar edged higher Wednesday, while the euro fell after the release of disappointing eurozone activity data pointed to further ECB rate cuts ahead.  At 05:25 ET…
Commodity currencies bear brunt of yen bounceback
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the…
Russia considering ban on diesel exports, Kommersant reports
MOSCOW (Reuters) – The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources. Russia…
