Oil Steady As U.S. Storm Eases But Demand Recovery Fears Persist

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

MELBOURNE/SINGAPORE: Oil futures were little changed on Tuesday after sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases. Brent crude futures edged 3 cents, or 0.1%, lower to $41.41 a barrel at 0637 GMT, … Read more Oil Steady As U.S. Storm Eases But Demand Recovery Fears Persist

Oil Steady As Crews Return To U.S. Gulf Rigs

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

LONDON: Oil prices steadied on Thursday after a decline earlier in the day as production started in the Gulf of Mexico after Hurricane Sally while a drawdown in U.S. crude and gasoline inventories supported the market. Brent crude was up 8 cents, or 0.2%, to $42.30 a barrel at 1042 GMT, and U.S. West … Read more Oil Steady As Crews Return To U.S. Gulf Rigs

Oil Steady As Demand Worries Revive, Crews Return To U.S. Gulf Rigs

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

MELBOURNE: Oil prices were mixed in early trade on Thursday, just clinging to overnight gains, as concerns about weak fuel demand were in the frame again after Hurricane Sally blasted through the Gulf of Mexico into the southeastern United States. U.S. West Texas Intermediate (WTI) crude futures were flat at $40.16 a barrel at … Read more Oil Steady As Demand Worries Revive, Crews Return To U.S. Gulf Rigs

Fed Keeps Rates Steady, Pledges To Remain On Hold Until Inflation Rises

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

WASHINGTON: The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to “moderately exceed” the U.S. central bank’s 2% inflation target “for some time.” The change in guidance is part of the Fed’s monetary policy shift announced last month that is aimed … Read more Fed Keeps Rates Steady, Pledges To Remain On Hold Until Inflation Rises

Wall Street Steady Before Fed; Tech Stocks Under Pressure

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

The S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged period, while a slide in tech-related stocks weighed on the Nasdaq. The central bank’s two-day meeting is its first under a newly adopted framework that promises to shoot … Read more Wall Street Steady Before Fed; Tech Stocks Under Pressure

Spot Gold Steady Ahead Of US Central Bank Policy Statement

NDTV News

Gold is used as a hedge against inflation and currency debasement Gold prices held steady on Wednesday as investors awaited the outcome of the Federal Reserve’s policy meeting, hoping for details of the central bank’s plans to balance interest rates against its inflation target. Spot gold was up 0.1 per cent to $1,957.45 per ounce … Read more Spot Gold Steady Ahead Of US Central Bank Policy Statement

Gold Steady As Markets Eye Outcome Of U.S. Fed Meet

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

Gold prices held steady on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting, hoping for details of the central bank’s plans to balance interest rates against its inflation target. Spot gold was up 0.1% to $1,957.45 per ounce by 0255 GMT. U.S. gold futures were steady at $1,966.20. … Read more Gold Steady As Markets Eye Outcome Of U.S. Fed Meet

Stocks Gain On Economic Data, Dollar Steady As Fed Meets

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

NEW YORK: Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding the Federal Reserve’s outlook on the economy when policymakers meet this week. Gold retreated and investors drove longer-term U.S. Treasury yields higher, steepening the closely … Read more Stocks Gain On Economic Data, Dollar Steady As Fed Meets

Oil Steady On Weak U.S. Stock Market, Heads For Weekly Loss

GLOBAL-OIL:Oil steady on weak U.S. stock market, heads for weekly loss

GLOBAL-OIL:Oil steady on weak U.S. stock market, heads for weekly loss Oil prices were little changed on Friday as equities markets eased in volatile trade and crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID19 cases in some countries. … Read more Oil Steady On Weak U.S. Stock Market, Heads For Weekly Loss

Oil Steady As U.S. Stock Market Slides, Inventories Rise

Oil Steady As U.S. Stock Market Slides, Inventories Rise

LONDON: Oil prices were steady on Friday, but were on track for a second weekly fall after U.S. stock markets tumbled and U.S. stockpiles rose unexpectedly. Brent was down 2 cents, or less than 0.1%, at $40.04 a barrel by 1128 GMT, while U.S. crude was up 12 cents, or 0.3%, to $37.42 a … Read more Oil Steady As U.S. Stock Market Slides, Inventories Rise