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Oil steady as economic worries offset possible China demand rise

Friday,   20-May-2022   07:58 (IST)

Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns. Brent futures for July delivery fell 36 cents, or 0.3%, to $111.68 a barrel by 0015 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.3%, to $111.85 on its last day as the front-month. WTI futures for July , which will soon be the front-month, were down about 0.6% to $109.20 a barrel. That put WTI on track to rise for a fourth week in a row for the first time since mid-February. Brent wa...

Gold set for first weekly gain in five as dollar rally eases

Friday,   20-May-2022   07:57 (IST)

Gold prices on Friday hovered near a one-week high scaled in the previous session, and were set for their first weekly gain since mid-April, as the U.S. dollar receded from two-decade highs, reviving ...

ASIA MARKETS: Shares, Currencies Fall On Growth Concerns; Ringgit At 2-year Low

Thursday,   19-May-2022   09:36 (IST)

Asian shares and currencies declined following a rout on U.S. equities on worries over the impact of high inflation and monetary policy tightening on economic growth. Shares tumbled 3% in Hong Kong, d...

Oil prices recover from early losses as global supply fears linger

Thursday,   19-May-2022   08:27 (IST)

Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares. Brent cr...

Gold flat as dollar strength counters weaker U.S. bond yields

Thursday,   19-May-2022   07:59 (IST)

Gold prices were flat on Thursday, as an elevated dollar weighed on greenback-priced bullion and countered support from lower Treasury yields, with the metal's outlook already dulled by an aggress...

Gold firms as softer dollar negates pressure from higher yields

Wednesday,   18-May-2022   08:09 (IST)

Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar m...

Oil prices climb on hopes of China demand recovery

Wednesday,   18-May-2022   08:08 (IST)

Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures. Brent crud...

ASIA MARKETS: Shares, Currencies Rise On China Reopening, Investors Await Fed Cues

Tuesday,   17-May-2022   09:41 (IST)

Asian shares and currencies advanced on optimism over China’s reopening, while traders await the U.S. Federal Reserve outlook on likely pace of monetary policy tightening and retail sales data. ...

Oil prices open lower as EU struggles to seal Russia import ban

Tuesday,   17-May-2022   08:03 (IST)

Oil prices opened lower in early Asian trade on Tuesday after the European Union's efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from ...

Gold steady as dollar retreat offsets firmer Treasury yields

Tuesday,   17-May-2022   08:01 (IST)

Gold prices were steady on Tuesday as a pullback in the dollar supported demand for greenback-priced bullion, although the metal's strength was partially offset by a recovery in U.S. Treasury yiel...