Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply. Brent crude futures rose 19 cents, or 0.3%, to $62.67 a barrel as of 0114 GMT,…
Oil prices slipped Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the U.S. dollar strengthened. Brent crude futures fell 14 cents, or 0.22%, to $62.42 per barrel at 0148 GMT. West Texas Intermediate was down 15 cents, or 0.26%, at $57.91 a barrel. Both crude benchmarks were…
US equity-index futures edged lower and Asian markets opened on a subdued note after a lackluster Wall Street session, as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy. Contracts for the S&P 500 and the Nasdaq 100 index retreated 0.2%, after the underlying gauges were largely unchanged Wednesday. However,…
Oil prices edged up on Wednesday morning after three straight days of declines, with market sources citing a decline in U.S. crude inventories, while investor concerns about Russia sanctions and a potential OPEC+ output increase capped gains. Brent crude futures rose 20 cents, or 0.31%, to $64.60 a barrel at 0203 GMT. U.S. West Texas…
Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world’s top two oil consumers could dent global economic growth. Brent crude futures rose 46 cents, or 0.7%, to $66.40 a barrel by 0027 GMT. U.S. West…
The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in the 12 months through September. Economists…