Introduction: The U.S. crude inventories have finally fallen after 10 consecutive weeks of builds, according to the Weekly Petroleum Status Report released by the Energy Information Administration (EIA) on March 3, 2023. This is the first crude stockpile draw since December 2022, and it has come as a relief for.
Natural gas prices have experienced a sharp decline over the past week, falling more than 15 percent and setting up for the worst 5-day performance since the end of January. While there were signs of a potential reversal towards the end of February, the current price action suggests that downside.
Introduction: Gold prices have been hovering near yearly lows due to ongoing concerns regarding rising US interest rates. The market has been under pressure as investors turn to other assets amidst hawkish signals from the Fed. This article will explore the current state of the gold market and its relationship.
Introduction: Oil prices have fallen for the third consecutive day as fears of rising interest rates outweighed a surprise drop in US crude inventories and hopes of Chinese demand. The recent comments by the US Federal Reserve Chair Jerome Powell regarding the need for more rate hikes due to strong.
The U.S. trade deficit widened moderately in January as imports and exports increased strongly. According to the Commerce Department, the trade deficit increased 1.6% to $68.3 billion, compared to December’s revised figure of $67.2 billion. The latest data also shows a surge in imports of motor vehicles, parts, and engines.
Introduction: Silver prices have been volatile in recent days due to Jerome Powell’s comments on interest rates. Powell’s remarks during a congressional hearing suggested that interest rate hikes may come sooner than expected, leading to a surge in the US dollar and a selloff in commodities such as silver. In.
Introduction Oil prices have been under pressure due to multiple factors in recent days. One major factor is the fear of interest rate hikes in the US, which could potentially slow down economic growth and dampen oil demand. Another factor is the strength of the US dollar, which typically trades.
Gold prices remained stable on Tuesday, recovering slightly from their lowest level this year, as traders waited for key US economic readings and Chinese PMI data. Spot gold was unchanged at $1,817.51 an ounce, while gold futures fell slightly to $1,824.20 an ounce by 20:55 ET (01:55 GMT). Both instruments.
Thailand’s rice exports surged by 75.2% in January 2023 compared to a year earlier, boosted by year-end orders, higher demand from the Middle East, and a weaker baht currency, according to the Commerce Ministry. The country’s rice exports for the month were at 805,519 tonnes, and the value of the.
Oil prices recovered some of their losses from last week, as U.S. crude futures rose 0.9% to $77.23 a barrel, while Brent contracts increased 1% to $83.81 a barrel as of 04:30 ET on Monday. The current oil market is driven by increasing geopolitical tensions and supply concerns, which could.
Gold prices sink as hawkish comments by Federal Reserve officials fueled concerns over interest rate hikes, following a stronger-than-expected U.S. inflation data. While on the other hand, copper prices outpace metal markets this week as optimism over China, the world’s largest copper importer, renewed with more stimulus measures announced to.
Biotechnology company Amgen Inc. is set to issue $24 billion in corporate bonds on Wednesday, in a move to help finance its acquisition of Horizon Therapeutics, a Dublin-based pharmaceutical company. This will rank among the top 10 largest deals ever financed in the U.S. investment-grade corporate bond market. The bond.