‘The last straw’: Why an irked Erdogan fired Turkey’s central bank chief

3/3 © Reuters. FILE PHOTO: Interview with Turkey’s Central Bank Governor Naci Agbal in Istanbul 2/3 By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just four months in office, six people with knowledge of the situation told Reuters, with one […]

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Oil Inventories Fell by 1M Barrels Last Week: API

© Reuters. By Yasin Ebrahim Investing.com – U.S. oil stockpiles unexpectedly fell last week as a narrower weekly draw in gasoline stocks signaled that refiner activity was normalizing after a big freeze in Texas stifled production last month. fell by 1 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after […]

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Oil Inventories Unexpectedly Rise by 1.026M Barrels Last Week: API

© Reuters. By Yasin Ebrahim Investing.com – U.S. oil stockpiles unexpectedly rose last week despite a cold snap sweeping across Texas that shut in production across the oil-rich state and left millions without power.   rose 1.026 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a fall of 5.8 million […]

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The Australian dollar was the top performer last week while the Swiss franc lagged

AUD/CHF was the top trade The Australian dollar led the way last week entirely due to a strong rally on Friday as it climbed 1% against the US dollar. The commodity currencies struggled to gain traction for most of the week even with equities and commodities climbing. That finally flipped on Friday as they all […]

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Sinclair confirms it secured Trump EPA’s last biofuel waivers, defends them in court

By Stephanie Kelly NEW YORK (Reuters) – Sinclair Oil Corporation confirmed on Tuesday it secured biofuel blending waivers for its refineries from the U.S. Environmental Protection Agency shortly before the departure of the administration of President Donald Trump last week. The company made the statement in a court filing defending the waivers against a challenge […]

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Bitcoin, crypto inflows hit record last week: CoinShares

© Reuters. Illustration of representations of virtual currency Bitcoin on a computer motherboard By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investment flows into cryptocurrency funds and products hit a record $ 1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset […]

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Trump administration set for its last auction of U.S. oil drilling rights

2/2 © Reuters. FILE PHOTO: Pump jacks operate at sunset in Midland 2/2 By Nichola Groom (Reuters) – The Trump administration on Thursday will offer the oil and gas industry a final chance to secure federal acreage before the inauguration of President-elect Joe Biden, who has pledged to ban new drilling on public lands. The […]

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Oil Inventories Fall by 5.82M Barrels Last Week: API

© Reuters. By Yasin Ebrahim Investing.com – U.S. oil stockpiles fell last week, adding to expectations that crude demand will likely remain resilient as the vaccine rollout continues. fell by 5.82 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of 1.67 million barrels the previous week. Gasoline […]

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