Oil prices settle higher as large US inventory draw points to improving demand
Investing.com– Oil prices rose Wednesday, rebounded from recent lows as signs of tighter U.S. supplies helped soothe some fears over worsening demand in the rest of the globe. At 09:25…
Oil prices gain 2% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs…
Nigeria’s president asks lawmakers to approve extra $4 billion in spending
ABUJA (Reuters) – Nigeria’s President Bola Tinubu has asked the Senate for an extra 6.2 trillion naira ($4 billion) in funding to plug shortfalls in this year’s national budget, according…
Yen jumps on possible intervention, sterling hits one-year high
By Rae Wee and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) – The yen rose sharply on Wednesday in what traders suspected was likely the result of another intervention from Japanese authorities to…
Oil prices gain 1% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs…
Nigeria’s president asks lawmakers for extra $4 billion funding
ABUJA (Reuters) – Nigeria’s President Bola Tinubu has asked the Senate for an extra 6.2 trillion naira ($4 billion) in funding to plug shortfalls in this year’s national budget, according…
Oil prices rise after US inventory draw soothes demand fears
Investing.com– Oil prices rose Wednesday, rebounded from recent lows as signs of tighter U.S. supplies helped soothe some fears over worsening demand in the rest of the globe. At 09:25…
Oil prices steady amid falling US inventories, weak dollar
By Arunima Kumar BENGALURU (Reuters) – Oil prices rose on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker…
UBS raises EUR/USD forecast amid US data and Fed rate cut prospects
UBS revised its forecast for the EUR/USD exchange rate, citing a lack of strength in the US dollar despite expectations that certain political events would bolster it. Contrary to these…
China’s industrial support programmes lack transparency, WTO says
By Emma Farge GENEVA (Reuters) – The World Trade Organization said on Wednesday that it was unable to get a clear picture of China’s financial support for key industrial sectors,…
