Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while...
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Global oil prices rose for five consecutive sessions on Monday (12/8), extending the increase of more than three percent in the previous week as US recession fears eased and data on Middle East supply risks supported demand. Brent crude futures LCOc1 were up 88 cents, or 1.1 percent, at $80.54 a barrel by 1319 GMT, while West Texas Intermediate (WTI) crude futures CLc1 were up $1.06, or 1.38 percent, at $77.90. “Support came from better-than-expected US data last week, which eased fears of a US recession,” said IG market analyst Tony Sycamore. “There is also a lot of anxiety about when Iran will retaliate for Israel's killing of key Hamas and Hezbollah leaders. It feels like it's a matter of when, not if.” Iran and Hezbollah have vowed to retaliate for the killing of Hamas leader Ismail Haniyeh and Hezbollah military commander Fuad Shukr. “The market is still waiting for Iran's response,” said Warren Patterson, head of commodity research at ING. In addition, Israeli attacks on Gaza escalated on Saturday when an airstrike on a school compound killed at least 90 people, according to Gaza's Civil Emergency Services, although Israel said the death toll was exaggerated. Hamas expressed doubts about …
Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while...
Soybean futures on the Chicago Mercantile Exchange returned to negative territory on Wednesday August 28 after three consecutive sessions of gains, as...
HONG KONG: Asian markets retreated Monday after another batch of worse-than-expected US jobs data revived fears of a possible recession in the...
Parents of IDF spotters petitioned Israel's High Court in response to complaints from spotters stationed on the Lebanon border about inadequate...
HOUSTON: Brent crude oil prices fell by US$1 a barrel to US$72.75 on Wednesday because of pessimism about demand in the coming months as crude...
HOUSTON: Brent crude oil prices fell by US$1 a barrel to US$72.75 on Wednesday because of pessimism about demand in the coming months as crude...
Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by...
Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by...
Where the US goes, so goes the rest of the world, raising the stakes for recession fears The post Slowing US economy rings recession alarm bells...
Where the US goes, so goes the rest of the world, raising the stakes for recession fears The post Slowing US economy rings recession alarm bells...