Oil Gains for 2nd Week, But Prices Range-Bound Again

© Reuters. By Barani Krishnan  Investing.com – Oil put in a second week of gains as crude prices reentered range-bound trading on Friday on concerns about slowing U.S. jobs growth and the Covid situation in No. 3 energy consuming nation India. New York-traded , the benchmark for U.S. crude, settled up 19 cents, or 0.3%, […]

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BP Gains On Promise to Restart Buybacks After It Hits Debt Target A Year Early

© Reuters. By Dhirendra Tripathi Investing.com — BP (NYSE:) ADRs were up nearly 3% in Tuesday’s premarket, after the company committed to resume share buybacks and return at least 60% of surplus cash flow to shareholders The twin promises are a result of the company achieving its $ 35 billion net-debt target, about a year earlier […]

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Dollar gains as U.S. recovery bets stoke Treasury yields

2/2 © Reuters. Illustration photo of Japan Yen and U.S. Dollar notes 2/2 By Iain Withers LONDON (Reuters) – The dollar gained against major currencies on Tuesday and climbed to a one-year high against the yen, as accelerating U.S. vaccinations and plans for a major stimulus package stoked inflation expectations and raised Treasury yields. The […]

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AUD/USD pares gains on the day as dollar firms further in European morning trade

The dollar is gaining further as Treasury yields keep higher 10-year Treasury yields are nearly 10 bps higher currently, up to 1.74%, and that is continuing to push bids into the dollar in European morning trade. In turn, that has seen AUD/USD erase its earlier advance in a fall from 0.7840 to 0.7800. So, let’s […]

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Dollar Higher; Powell’s Dovish Comments Fuel Yield Gains

By Peter Nurse Investing.com – The dollar gained in early European trading Friday, after Federal Reserve Chairman Jerome Powell largely dismissed concerns over rising Treasury yields. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 91.760, a three-month high. fell […]

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Oil set for steady gains as economies shake off pandemic blues: Reuters poll

2/2 © Reuters. FILE PHOTO: The price of gasoline is shown on a gas pump at an Arco gas station in San Diego 2/2 By Sumita Layek and Bharat Gautam (Reuters) – Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming […]

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Sterling Tops $1.41, but Further Gains Could Prompt BoE Reaction

© Reuters. By Yasin Ebrahim Investing.com – The pound rallied to a nearly three-year high on positive labor market news and ongoing hopes for a vaccine-fueled recovery as the U.K. sets its sights on reopening over the next few months, but another sharp increase in the currency could trigger the Bank of England to rein […]

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Dollar Gains; Yields Rise on Inflation Concerns

© Reuters. By Peter Nurse Investing.com – The dollar pushed higher in early European trading Wednesday, following a surge in U.S. bond yields on the prospects of a prompt economic recovery and a possible acceleration in inflation. At 3:55 AM ET (0755 GMT), the , which tracks the greenback against a basket of six other […]

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