Oil pares losses on tight supply but cloudy demand caps gains
By Colleen Howe BEIJING (Reuters) – Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC…
Gold prices rise as Trump trade cools ahead of inflation data
Investing.com– Gold prices rose in Asian trade on Wednesday, recouping a measure of recent losses as a rally in the dollar, on a Donald Trump election win, paused before inflation…
Asia FX muted, dollar steadies near 4-mth high with CPI data in focus
Investing.com– Most Asian currencies moved little on Wednesday, while the dollar steadied near recent peaks as focus turned squarely to upcoming U.S. inflation data for more cues on interest rates.…
Oil trims losses on tight near-term supply
By Colleen Howe BEIJING (Reuters) – Oil prices edged up on Wednesday on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC…
How China reduced its reliance on US farm imports, softening trade war risks
By Mei Mei Chu BEIJING (Reuters) – Since the U.S. and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to…
Oil prices pinned at 2-week low after OPEC cuts demand outlook
Investing.com– Oil prices moved little in Asian trade on Wednesday, hovering around two-week lows after the OPEC cut its demand outlook again, while focus remained on more stimulus measures in…
Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports
(Reuters) – Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year,…
US dollar and bitcoin advance spurred by Trump tariff expectations
By Chibuike Oguh and Harry Robertson NEW YORK/LONDON (Reuters) -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a…
Gold prices stumble as strong Treasury yields, dollar bite
Investing.com– Gold prices fell Tuesday, pressured by a climbing Treasury yields and stronger dollar a day ahead of fresh inflation data.ย Spot gold fell 0.8% to $2,599.56 an ounce, while…
US oil industry urges Trump to ditch Biden climate policies
By Nichola Groom (Reuters) – The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate…
