Tag Archives: Oil
Oil Prices See Rebound with U.S. Purchase Plans
Oil prices rebounded on Thursday as the U.S. signaled potential plans to replenish its strategic petroleum reserves. This news offered some support to the market after it faced a downturn driven by multiple factors including geopolitical hopes and economic uncertainties. Picture: Oil prices on the rise as seen on VT Markets app. Brent Crude andContinue Reading
Oil Prices Drop in Face of Strong USD and Inflation
Looking at today, 29th April 2024, oil prices moved downward in early Asian trading on Monday. Brent crude futures saw a reduction of 75 cents, or 0.84%, landing at $88.75 a barrel, while West Texas Intermediate futures fell 65 cents, or 0.78%, to $83.20 a barrel by 1221 GMT. This decline comes after a periodContinue Reading
Japan’s Bond Yields Surge as BoJ Meeting Looms
Japan’s 10-year government bond yield has ascended to a more than five-month peak, increasing by 4 basis points to 0.93%, the highest since November 3, and settled at 0.925%. The two-year yield, reacting to the Bank of Japan’s (BoJ) monetary policy, rose to its highest since July 2009, at 0.315%. This movement reflects anticipation ofContinue Reading
Oil Prices Volatile with Changing Expectations of Economy, Middle East
Today, 25th April 2024, oil prices showed minor fluctuations in early Thursday trading, reflecting a blend of geopolitical concerns and economic indicators. Brent crude futures slightly dropped by 9 cents to $86.95 a barrel, while fell 7 cents to $82.74 a barrel, both marking a decrease of about 0.1%. These modest changes follow a lessContinue Reading
Global Equities Rise; Gold Prices Decline
As fears of an escalation in the Middle East subside, investors are shifting away from safe-haven assets, resulting in a boost to global equities. The MSCI global stock index (EURONEXT:IACWI) saw an increase of 6.01 points or 0.81%, reaching 749.29. Wall Street mirrored this positive sentiment, with the Dow Jones Industrial Average (DJI) climbing byContinue Reading
No Calm in Storm? Oil Prices Rise Even as Middle East Tensions Remain Under Status Quo
Geopolitical Concerns Drive Oil Price Increase in Asian Trading Oil prices witnessed an increase in Asian trading on Tuesday, reflecting a reversal from the downturn observed in the previous session. This change underscores the market’s ongoing vigilance concerning geopolitical developments in the Middle East. Specifically, Brent crude futures saw a rise of 39 cents, reachingContinue Reading
