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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Dollar Edges Higher; Stimulus Concerns weigh on Risk Sentiment

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Tuesday, as concerns over the timing and size of U.S. stimulus weighed on market sentiment ahead of a Federal Reserve meeting. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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Dollar sinks as investors weigh Democrat gains in Georgia

2/2 © Reuters. FILE PHOTO: Illustration photo of a U.S. five dollar note 2/2 By Tom Westbrook and Scott Murdoch SINGAPORE/HONG KONG (Reuters) -The U.S. dollar slipped on Wednesday as Democrats took the lead in runoff votes that will determine control of the U.S. Senate and possibly pave the way for a big spending administration […]

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Stimulus, Brexit talks weigh on Asian markets

© Reuters. A man wearing a protective face mask walks past a stock quotation board outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo By Pete Schroeder (Reuters) – Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the U.S. and Europe. Australian were down 0.28% […]

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Dollar slips, Aussie gains, currency markets weigh up vaccine vs second wave

2/2 © Reuters. FILE PHOTO: Illustration photo of a Japan Yen note 2/2 By Elizabeth Howcroft LONDON (Reuters) – The dollar slipped on Friday, as investors’ enthusiasm about a possible COVID-19 vaccine was tempered by the second wave of the virus in the United States and Europe and the world’s top central bankers remained cautious […]

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Frequent hurricane shutdowns weigh on U.S. energy results

© Reuters. Hurricane Zeta in New Orleans (Reuters) – As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year’s repeated oil and gas production halts were already hitting energy firms’ results. Eight named storms entered the U.S. Gulf of Mexico this year, most spiraling up to damaging storms that required […]

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Costco beats estimates as high COVID-19 costs weigh on shares

© Reuters. The spread of the coronavirus disease (COVID-19) in Pennsylvania (Reuters) – Costco Wholesale Corp (O:) recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending the company’s shares down 3% in extended trading on Thursday. The warehouse chain spent about $ 281 million on employee bonuses and sanitizing […]

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Forex – Dollar Weakens; Lack of Stimulus Continues to Weigh

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in early European trade Friday, with attention still focused upon the lack of a new relief package to help the U.S. economy recover from the damage caused by the coronavirus outbreak. At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback […]

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Oil prices edges up on weak dollar, U.S.-China tensions weigh

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County By Shadia Nasralla and Julia Payne LONDON (Reuters) – Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China weighed. Brent crude () was up […]

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Iran’s rial hits new low on unofficial market; virus, sanctions weigh

© Reuters. A man displays the Iranian currency at Ferdowsi square in Tehran DUBAI (Reuters) – The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday and has now seen its value fall by almost half in 2020 as the economy comes under pressure from the coronavirus […]

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