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Breaking News

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week's slips.

about 5 months ago

Oil prices slumped more than 4% on Monday on the specter of a new Covid-19 lockdown across Europe and amid worries that a peace pact in Libya could ultimately deliver another million barrels per day to a market already deemed oversupplied.

about 5 months ago

Gold slumped over 3% on Monday, sliding to its lowest level in more than a month, as a broader market sell-off driven by uncertainty over more U.S. fiscal stimulus pressured the precious complex along with a stronger dollar.

about 5 months ago

Wall Street's main indexes hit their lowest levels in nearly seven weeks on Monday, while the dollar index rose 0.8% against its rivals, its highest daily percentage gain since March 19.
about 5 months ago

U.S. gasoline prices tumbled in Monday's energy market selloff, as worries about weak demand for fuel returned as the threat of Tropical Storm Beta waned.
about 5 months ago

Oil prices edged higher on Monday as a tropical storm took aim for the U.S. Gulf of Mexico region halting some production, though price gains were capped by the potential return of oil output in Libya and a continued rise in coronavirus cases.
about 5 months ago

U.S. FED decided to keep the federal funds rate unchanged at 0 to 1/4 percent and expects that it will be appropriate to maintain this target range until labor market conditions will reach the levels consistent with their assessments of maximum employment and, inflation will rise to 2 percent and will on track to moderately exceed 2 percent for some time.
about 5 months ago

Better-than-expected global manufacturing activity is positive for the global economy. Monday's July U.S. ISM manufacturing index rose +1.6 to 54.2, stronger than expectations of +1.0 to 53.6, and the fastest pace of expansion in 16 months. Also, the Eurozone July Markit manufacturing PMI was revised upward to a 1-3/4 year high of 51.8 from the previously reported 51.1. In addition, the China July
about 7 months ago

Monsoon Watch: Country as a whole received 38% deficient rainfall on August 03,2020 while, cumulative rainfall for ongoing monsoon season stands at 2% deficient from its long term average.
about 7 months ago

The IEA said European nat-gas demand so far this year (Jan-May) has fallen -7% y/y due to the coronavirus pandemic.
about 7 months ago

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