October 7, 2023
NEW YORK: Oil prices rose on Friday but remained on track to post their steepest weekly losses since March, after another partial lifting of Russia’s fuel export ban compounded demand fears due to macroeconomic headwinds. On Friday, Brent futures edged 36 cents higher at $84.43 per barrel at 1:33 pm EDT (1733 GMT). US West Texas Intermediate crude futures were …
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July 13, 2023
LONDON: Oil prices rose on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after US inflation data spurred hopes the Federal Reserve may have fewer interest rate hikes in store for the world’s biggest economy. US data showed consumer prices rose modestly in June and registered their smallest annual increase in more than …
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July 23, 2019
US technology companies rallied Monday ahead of earnings from high-tech heavyweights later in the week, while oil prices gained amid lingering unease over Middle Eastern supplies. On a day when European bourses and the Dow could muster only mild gains, the tech-rich Nasdaq jumped 0.7 percent ahead of expected earnings reports from industry giants like Amazon, Facebook and Google. Oil …
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