Oil prices hold steady as investors weigh rising supplies, demand outlook

© Reuters. Views of Total Grandpuits oil refinery By Florence Tan SINGAPORE (Reuters) -Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. futures for June edged down 2 cents to $ 63.18 a barrel by 0450 GMT, while U.S. […]

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Oil prices rise on stronger economic outlook, U.S. stockpile draw

© Reuters. Views of Total Grandpuits oil refinery By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism about talks between the United […]

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Dollar buoyant as economic outlook brightens, doubts surround euro

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo By Tom Wilson LONDON (Reuters) – The dollar held near its highest since November against most major currencies on Friday, buoyed by hopes over improving U.S. economic data and the availability of coronavirus vaccines, while the euro recovered from […]

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Gold Has First Winning Week in Three; Outlook Cloudy

Investing.com – Gold clinched a weekly gain on Friday after two weeks in the red. But two straight negative sessions before the end of the week also clouded the near-term outlook for the yellow metal. Gold has struggled to put in a meaningful recovery since tumbling to 10-week lows beneath $ 1,785 an ounce last […]

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Euro zone economies’ plucky fourth-quarter belies troubled growth outlook

© Reuters. The spread of the coronavirus disease (COVID-19) in Germany By Paul Carrel and Leigh Thomas BERLIN/PARIS (Reuters) – Growth in Germany and Spain and a smaller-than-expected contraction in France pointed to resilience in the euro zone economy in the final three months of last year, but the bright spot belies a more troubled […]

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Outlook darkens for Wall Street as Biden’s regulators take shape

3/3 © Reuters. FILE PHOTO: Commodity Futures Trading Commission Chair Gensler testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill 2/3 By Michelle Price WASHINGTON (Reuters) – Wall Street may be facing an uncomfortable four years after President-elect Joe Biden’s team confirmed on Monday it planned to nominate two consumer […]

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OPEC sees oil outlook for first half of 2021 full of downside risks

2/2 © Reuters. OPEC Secretary General Barkindo delivers his speech in Vienna 2/2 By Vladimir Soldatkin and Alex Lawler MOSCOW/LONDON (Reuters) – OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels […]

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Oil outlook for 2021 hit by new COVID-19 strain: Reuters poll

© Reuters. FILE PHOTO: A 3D-printed oil pump jack is placed on dollar banknotes in this illustration picture By K. Sathya Narayanan (Reuters) – Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on […]

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UK manufacturing industry slashes its growth outlook nearly in half on Brexit ‘Knockout blow’

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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