Oil Rises as Equity Rally Counteracts China Demand Slump
Oil prices rose as an equity market rally carried futures prices out of an earlier slump.
Oil prices rose as an equity market rally carried futures prices out of an earlier slump.
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Philippine authorities are rushing to contain an oil spill from a tanker that sank early Thursday, killing one crew member, after Typhoon Gaemi battered the nation.
The Bank of Canada lowered its key interest rate for the second time this year to 4.5 per cent. Here’s what the decision means for the Canadian dollar.
Oil rose, clawing back from a run of losses, after a government report showed that US crude inventories fell to the lowest since February.
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Exchange-traded-funds designed to track the spot price of Ethereum are now trading on U.S. stock markets in the latest landmark event for cryptocurrency investors.
Refining margins are expected to prove a drag on oil-industry earnings, adding pressure to a sector struggling to balance shareholder returns and growth.
U.S. exchange-traded funds investing directly in Ether achieved overall net inflows of US$107 million on their first day of trading in launches that will provide a window onto mainstream crypto demand outside of Bitcoin.
Oil fell for a fourth straight session, the longest losing streak since early June, driven by algorithmic selling and low summer liquidity.
Transfers of oil at sea that involve a recently-sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said.
Oil extended its recent slide as investors assessed how US President Joe Biden’s decision not to seek reelection could impact markets.
Gold held steady as markets weighed U.S. President Joe Biden’s decision to end his reelection bid, sparking fresh questions about the impact on Donald Trump’s chances of returning to the White House.
An uptick in purchases of Middle Eastern oil by Chinese refiners is helping to support the physical crude market, even as deep-seated concerns remain about the trajectory of the nation’s demand.
The air is being sucked out of the oil market, with prices collapsing on Friday in the face of dwindling volume and volatility — the lifeblood of crude traders.
Two oil tankers have been on fire since early Friday morning after a collision to the east of Singapore, raising fresh questions over the rising risks to maritime traffic, the environment and human lives in one of the world’s busiest waterways.