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Category: Trading

Oil Rebounds as Demand Concerns Whipsaw Investors

Oil rebounded today after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed worries about global fuel demand.

Brent crude futures were up 25 cents, or 0.31%, at $79.80 a barrel. US West Texas Intermed…

China’s Central Bank Conducts $38.94 Billion Via Reverse Repos

China’s central bank conducted 277.3 billion yuan (about 38.94 billion US dollars) of seven-day reverse repos at an interest rate of 1.7 percent today.

The People’s Bank of China said in a statement that the move aims to keep liquidity reasonable an…

Dollar Rises as Traders Seek Clues on US Rate Cuts

The dollar held near its lowest in more than a year against a basket of peers today, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected US interest rate cut in September.

The Australian doll…

Tech, Insurance Stocks Lift STOXX 600 to Over 1-Month High

The European shares touched a more-than-one-month high today, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks.

The pan-European STOXX 600 index rose 0.2 perce…

Oman Oil Price Declines 2.09 US Dollars

Oman oil price (October delivery 2024) today reached 77.13 US Dollars, comprising a drop by 2.09 US Dollars, compared to the price of yesterday ‘Tuesday’, which stood at 79.22 US Dollars.

The average price of Oman oil (August delivery 2024) stabiliz…