Commodities
By Mohi Narayan NEW DELHI (Reuters) – Oil prices edged higher on Monday, supported by expectations that major producers will keep supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. November futures was up 3 cents at $88.58 a barrel…
(Reuters) – Ukrainian President Volodymyr Zelenskiy said he had struck a “very important agreement on training our pilots in France” in conversation with President Emmanuel Macron on Sunday. “Our coalition of modern fighters is becoming stronger,” he said in his nightly video address. He did not elaborate on what training…
A look at the day ahead in U.S. and global markets from Mike Dolan Labor Day comes a bit earlier for markets this year, with Friday’s release of the critical August jobs report coming just ahead of Monday’s end-of-season U.S. holiday. Investors are praying the former doesn’t usher in The…
By Arathy Somasekhar HOUSTON (Reuters) – oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns. A tight crude market is poised to extend into 2024…
By Urvi Manoj Dugar and Hadeel Al Sayegh (Reuters) -Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street Journal reported on Friday. The sale could happen before the end of…
By Mike Stone WASHINGTON (Reuters) – The Biden administration will for the first time send controversial armor-piercing munitions containing depleted uranium to Ukraine, according to a document seen by Reuters and separately confirmed by two U.S. officials. The rounds, which could help destroy Russian tanks, are part of a new…
By Katherine Masters NEW YORK (Reuters) – Roughly 27% of tests performed on shoes and garments collected by U.S. Customs and Border Protection in May showed links to cotton from China’s Xinjiang region, which has been banned because of concerns over forced labor, according to documents obtained by Reuters under…
Investing.com– Gold prices moved little on Friday, steadying near three-week highs as markets awaited more cues on U.S. monetary policy from nonfarm payrolls data due later in the day, while copper prices rose on positive Chinese factory data. The yellow metal had a strong run-up this week as a string…
By Natalie Grover LONDON (Reuters) -Oil benchmark Brent hovered above $87 a barrel as crude prices looked set to set to snap a two-week losing streak on Friday, bouyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day (bpd) oil…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in seven months. One of the world’s biggest rice…