Nasdaq Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. Brent crude futures LCOc1 firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate
CNBC Oil prices slipped on Monday alongside equities and was weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer. Brent crude fell 2.3%, or $2.61, to $109.78 per barrel. U.S. West Texas Intermediate crude was at $106.87, for a loss of $2.88, or 2.6%. Both contracts have gained
From Reuters Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. Brent crude LCOc1 ended the session up $1.15, or 2.1%, at $57.38 a barrel, after hitting a session high of
PM Theresa May’s snap election backfires in the U.K., weakening the pound; dollar strengthens; oil drops A snap election in the U.K resulted in a hung parliament, weakening the governing Conservative’s position ahead of Brexit. Conservatives won 318 seats with a majority requiring 326 seats. The Labour Party won 261 seats, followed by the pro-independence Scottish National Party with 34.
Concerns over Brexit continue to send investors to the yen The yield on Japan’s 20-year government bond fell below zero for the first time ever today as investors flee the pound sterling and the euro in the wake of Brexit. The 30-year yield dropped as low as 0.015%, and the 10-year bond yield hit a record low of minus 0.275%.
Eyes of the World Should be on the BOJ As the markets tread into the ‘post-Brexit’-world after the UK voters cast in favor of the United Kingdom leaving the European Union, the chips are beginning to fall and countries half a world away are feeling the effects of the decision. There have been many financial market effects felt around Britain
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