U.S. stock futures traded marginally higher Tuesday, as investors readied for the highly-anticipated two-day Federal Reserve policy meeting. By 06:30 ET (10:30 GMT), the Dow Futures contract was up 50 points, or 0.2%, S&P 500 Futures traded 7 points, or 0.2%, higher and Nasdaq 100 Futures climbed 20 points, or 0.1%. Fed’s two-day...
Oil prices traded sideways on Monday, sticking to their highest levels in nearly four months after major producers Saudi Arabia and Russia extended recent supply cuts, with focus now turning to key inflation readings this week. Crude markets logged a sixth straight week of gains after...
Oil prices rose on Tuesday, recovering a measure of steep losses from the prior session, although caution ahead of upcoming U.S. inflation data and the conclusion of a Federal Reserve meeting kept markets on edge. Crude markets were nursing their worst loss in nearly two weeks...
Oil prices recovered slightly on Thursday but were unable to claw back the more than 9% decline in the previous three days as demand concerns in major consumers overrode signals that the U.S. may pause its interest rates increases. Brent futures 17 cents, or 0.2%, to $72.50 a barrel by 0257 GMT. Since Friday,...
Oil prices moved little in Asian trade on Wednesday as anticipation of a slew of indicators on U.S. monetary policy and the economy kept sentiment tepid, although signs of shrinking U.S. inventories pointed to tighter supplies. Data from the American Petroleum Institute showed that U.S. crude inventories shrank...
Asia-Pacific markets were trading mixed on Thursday, with Australia’s benchmark index hitting a two week high as concerns on the recent banking turmoil in the U.S. and Europe ease. In Australia, the S&P/ASX 200 rose 0.85%, led by miners and bank stocks. Top gainers, BHP and Rio Tinto, were up 2.37%...
Oil prices rose on Wednesday as a drop to three-month lows attracted some bargain buying, while optimism over Chinese demand, following strong economic data and a hike in the OPEC’s outlook for the country, also aided sentiment. But crude markets were still nursing steep losses this...
Asia-Pacific markets mostly rose on Friday, following Wall Street’s gains overnight after Atlanta Fed president Raphael Bostic said he’s “firmly” in favor of sticking with quarter-point hikes. China’s services sector saw a jump in activity, according to the Caixin/S&P Global services purchasing manager’s index, with a reading of...
Oil prices rose on Friday and were close to trading positive for the week as the prospect of deeper-than-expected cuts in Russian supplies largely offset concerns that rising interest rates will dampen demand this year. Crude prices marked a strong recovery from recent losses on Thursday...
Oil prices fell slightly on Friday and were set to close the week lower as concerns over rising U.S. interest rates and a strong dollar largely offset optimism over a potential recovery in Chinese demand. U.S. producer price index inflation read higher than expected for January, coming on...
