Oil price news: Oil holds modest loss as risk-off tone counters lower stockpiles
Oil swung as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
Oil swung as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
US Treasury Secretary Janet Yellen said intervention in foreign-exchange markets should be rare, when asked for her reaction to any potential move by Japan to address the slide in the yen against the dollar.
Treasuries slumped and traders further trimmed their outlook for the pace of Federal Reserve interest-rate cuts, deterred by signs of sticky price pressures.
South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American Plc.
Another “DeFi Summer” is unfolding in what has traditionally been the most-speculative corner of crypto, with activity surpassing levels seen before the collapse of the TerraUSD stablecoin that sent the sector reeling almost two years ago.
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