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Oil prices fell today, giving up some of yesterday's big gains on the back of a larger-than-expected drop in US crude oil inventories.By 0649 GMT, Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after ... [read more]
OPEC has cut its forecast for global oil demand in the fourth quarter of 2021 due to the delta mutant strain, and said further recovery will be partially delayed until next year when consumption exceeds pre-pandemic rate... [read more]
The price of gold fell at the end of trading on Friday, to swing near its lowest levels in two weeks, as the strong US dollar affected prices, while investors sought to obtain signals that support the movement of the dol... [read more]
Markets are awaiting the annual Jackson Hole Conference of Central Bankers, which was held online last year amid the outbreak of the Corona virus.However, it appears that major monetary policy makers will not attend the ... [read more]
U.S. Treasury Secretary Janet Yellen on Wednesday urged Congress again to address the issue of the national debt ceiling, saying it was unclear how long Treasury efforts to fund the U.S. government would continue tempora... [read more]
Bitcoin fell on Tuesday after breaching $52,000 late Monday, hitting its highest level since May.The price action comes as El Salvador is preparing to adopt the largest cryptocurrency by market capitalization as legal te... [read more]
The US Bureau of Safety and Environmental Protection said on Monday that about 1.5 million barrels per day, or 83.87% of US oil production in the Gulf of Mexico, is still shut down after Hurricane Ida.He added that 80.78... [read more]
U.S. job growth slowed more than expected in August amid weak demand for services and persistent staff shortages as COVID-19 infections rose, but the pace is enough to sustain economic growth.The US Labor Department said... [read more]
On Wednesday, the pound rose towards a two-week high against the dollar, benefiting from a drop in the US currency as investors sought out riskier assets.At 1800 GMT, sterling was trading at $1.3781, up 0.3 percent from ... [read more]
The three major indices on Wall Street closed modestly lower on Tuesday, but recorded a strong performance for the month of August, which is traditionally a period of calm for the US stock market.After all three indexes ... [read more]
