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Monday,
03-Oct-2022
10:47 (IST)
Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.Brent crude futures rebounded $2.51, or 3%, to $87.65 a barrel by 0206 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude was also up 3%, or $2.39, at $81.88 a barrel, after the previous session's loss of 2.1%. Oil prices have dropped for four straight months since June, as COVID-19 lockdowns in China hurt demand, while rising interest rates and a surging U....
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Friday,
30-Sep-2022
08:03 (IST)
Oil prices were little changed in early trade on Friday but headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude ...
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Friday,
30-Sep-2022
07:41 (IST)
Gold prices edged higher on Friday, supported by a pullback in the U.S. dollar, but the Federal Reserve’s commitment to stay on an aggressive rate-hike path kept the metal on track for its sixth...
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Thursday,
29-Sep-2022
07:54 (IST)
Gold rose about 2% on Wednesday as a retreat in the dollar rekindled some of its safe-haven appeal, although prospects of sharp rate hikes kept the non-yielding precious metal near a 2-1/2-year trough...
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Thursday,
29-Sep-2022
07:48 (IST)
Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand. Brent crude futures fell 59 cents, or 0.7%, to $88.73 per barrel by 0016...
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Wednesday,
28-Sep-2022
07:51 (IST)
Gold prices slipped on Wednesday, as the dollar resumed climb after Federal Reserve officials reiterated the U.S. central bank's resolution to maintain an aggressive policy stance to tackle soarin...
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Wednesday,
28-Sep-2022
07:49 (IST)
Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar. Brent crude futures fell 4...
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Tuesday,
27-Sep-2022
08:05 (IST)
Gold prices rose on Tuesday as the dollar's rally paused, but prices held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell...
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Tuesday,
27-Sep-2022
07:59 (IST)
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier sel...
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Monday,
26-Sep-2022
08:10 (IST)
Gold prices fell to a new 2-1/2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation. Spot gold was down...
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