City Again Financial News
06.12 / 18:47
14.01 / 10:51
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China, wary of global unrest, is keeping the oil market afloat
Subscribe to enjoy similar stories. President Donald Trump’s control of Venezuela’s oil supply increases U.S. influence in the world oil market, but China is the major power that has been keeping prices steady.
04.01 / 04:11
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Oil heads for weekly gains on colder weather, Chinese policy support
Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the U.S. as well as additional economic stimulus flagged by China. Brent crude futures settled 58 cents, or 0.8%, higher at $76.51 a barrel, the highest level since Oct 14. U.S. West Texas Intermediate crude settled 83 cents, or 1.13%, to $73.96, the highest level since Oct 11.
18.07 / 16:29
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Oil steadies as economic slowdown signals contend with US rate-cut hopes
Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West Texas Intermediate (WTI) crude was up 6 cents at $82.91. Both had registered gains in the previous session.
12.07 / 17:16
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Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the session. U.S. West Texas Intermediate (WTI) crude futures settled at $83.16 a barrel, down 72 cents, or 0.9%.
16.05 / 18:09
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Oil extends gains after bullish US macro data raises Fed rate cut expectations; Brent nears $84
₹6,619 per barrel on the multi commodity exchange (MCX). The number of Americans filing new claims for unemployment benefits fell last week by 10,000 to a seasonally adjusted 222,000, the U.S. Labor Department said, pointing to both an underlying strength and a steadying of the labor market.
04.03 / 21:09
14.02 / 20:39
27.11 / 15:09
17.11 / 18:09
05.11 / 17:33
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Brent crude futures slip amid easing Middle East concerns and U.S. job growth
Oil prices made a downward turn on Friday, spurred by easing Middle East supply concerns amidst the Israel-Hamas war and speculation of the US Federal Reserve halting interest rate hikes. Brent crude futures were recorded at $84.89 a barrel while West Texas Intermediate crude stood at $80.51 a barrel, marking a weekly drop exceeding 6%. Despite warnings of potential wider conflict at Lebanon’s border with Israel by Hezbollah leader Sayyed Hassan Nasrallah, markets remained steady. John Kilduff of Again Capital LLC stated that this conflict seems unlikely to significantly disrupt demand or supply.
29.10 / 16:09
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Weekly
Energy & precious metals - weekly review and outlook
Investing.com — Fear across global markets is expected to hit fever pitch in the coming week, with stock markets likely tanking and favorite commodity plays oil and gold rising, as Israel enters the much-anticipated heightened phase of its war with Hamas, attacking Gaza from land, air and sea.
27.10 / 20:49
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Gold back above $2,000 as investors seek hedge to Gaza invasion fear
Investing.com — Gold bulls recaptured the $2,000 an ounce territory that had eluded them the past two months as investors sought shelter in safe havens amid increasing worry that Israel would indeed push through with a full ground invasion of Gaza to flush out Hamas militants from the Palestinian land.
27.10 / 19:45
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Oil down 3% on week, racing from one war headline to another
Investing.com — Oil ended one of its most volatile weeks for the year with a 3% loss as traders raced from one headline to another on the Middle East conflict that brought warring parties Israel and Hamas no closer to a solution despite intense mediation by the United States and other global powers.
27.10 / 10:33
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Oil down 2%, reversing rebound, as Israel pauses on Gaza ground assault
Investing.com - Crude prices fell 2% Thursday, reversing the previous day’s gain, on signs that Israel was acceding to international calls to hold back from a ground invasion of Gaza, as world powers worked to limit casualties and also negotiate the release of some 200 Israeli hostages held by Hamas.
25.10 / 20:13
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Oil up after 3-day drop as some war-risk premium creeps back in
Investing.com — Crude prices rose for the first time in four days, with global benchmark Brent recapturing key $90 per barrel pricing, as traders braced for the possibility of contagion from the Israel-Hamas war that could disrupt oil traffic in the Middle East — despite little evidence of such impact.
09.10 / 20:07
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Gold at mid-$1,800; Mideast war suggests cautious repricing and measured rally
Investing.com — Gold settled above the mid $1,800 level on Monday in response to the Israel-Hamas war, but the rally in the safe-haven would depend on how far the crisis expands to impact oil and other global markets, analysts said.
09.10 / 11:29
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Commodities Week Ahead: Mideast Crisis a Reset for Oil, Gold Bulls
Just on Friday, oil and gold longs would have retired for the weekend expecting more downside from a global macro trade that had given them the thumbs-down.
06.10 / 02:45
05.10 / 16:59
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Natural gas hits 9-month high extending $3 pricing on smallish storage build
Investing.com — US natural gas broke new ground with $3 pricing on Thursday, hitting nine-month highs after data showing a smaller-than-expected storage build last week in America’s favorite fuel for indoor heating and cooling.
03.10 / 21:37
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US crude stocks down 4.2M barrels; Gasoline up 3.9M, Cushing builds too - API
Investing.com — US crude oil stockpiles possibly fell as much as 4.0 million barrels last week while inventories of gasoline likely rose by an almost similar level of 3.9 million, as refiners appeared to maximize fuel production due to lucrative returns, petroleum trade group API reported Tuesday.
03.10 / 09:23
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Q4
Oil tumbles on risk aversion as Q4 starts; bulls look to OPEC
Investing.com — No market operates in a vacuum — including oil, no matter what the proponents of higher crude prices think.
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