Tag: retreats
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Crude oil retreats on demand growth concerns; Middle East tensions support
[ad_1] Investing.com — Oil prices retreated Tuesday on continuing worries about the extent of demand growth in the coming year, even amid escalating tensions in the oil-rich Middle East. By 09:00 ET (14.00 GMT), the futures traded 0.9% lower at $76.13 a barrel and the contract dropped 0.9% to $81.08 a barrel. Demand concerns mount…
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Oil retreats ahead of Fed minutes, OPEC+ Meeting
[ad_1] Investing.com — Oil prices retreated Tuesday, handing back some recent gains amid caution ahead of the weekend’s eagerly-awaited meeting of a group of top producers. By 09:45 ET (13.45 GMT), the futures traded 1% lower at $77.04 a barrel, while the contract dropped 1% to $81.54 a barrel. The crude benchmarks gained around 2%…
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Gold retreats from 2-week high as dollar snaps 3-day loss
[ad_1] Investing.com – Gold bulls have been reminded again that it’s hard to put the dollar down for too long. Despite a clear distaste for more rate hikes among Fed officials and Wall Street doing its best to ignore trending inflation, the dollar rallied on Thursday, recouping all it lost in three previous sessions and…
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Crude oil retreats after strong U.S. payrolls; hefty weekly losses likely
[ad_1] Investing.com — Oil prices edged lower Friday, on course to register a sharp weekly loss as traders digested a stronger than expected U.S. employment report amid an uncertain demand outlook. By 10:05 ET (14.05 GMT), the futures traded 0.5% lower at $81.92 a barrel, while the contract dropped 0.3% to $83.83. Strong payrolls could…
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Gold prices rise as dollar retreats from six-month peaks
[ad_1] Investing.com– Gold prices rose slightly from a 10-day low on Friday, taking some relief as the dollar retreated from a near six-month high, while weak data from Japan and fears of worsening U.S.-China tensions also drove some safe haven demand for the yellow metal. But gold prices were still headed for a weekly loss,…
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Crude oil retreats from 10-month highs; strong dollar weighs
[ad_1] Investing.com — Oil prices edged lower Wednesday, slipping from 10-month highs as traders banked gains after bigger-than-expected supply cuts by Saudi Arabia and Russia pointed to tighter supplies this year. By 09:25 ET (13.25 GMT), the futures traded 0.2% lower at $86.48 a barrel, while the contract dropped 0.4% to $89.67. Both contracts gained…
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Crude oil retreats after weak China data; U.S. retail sales rise
[ad_1] Investing.com — Crude oil prices fell Tuesday as disappointing economic data raised further concerns about China’s economic recovery, even following Beijing’s unexpected interest rate cut. By 09:40 ET (13.40 GMT), the futures traded 1.4% lower at $81.38 a barrel, while the contract dropped 1% to $85.34 per barrel. China’s rate cut fails to boost…
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Oil retreats from 4-month highs ahead of key inflation data
[ad_1] Investing.com — Crude oil prices retreated Monday, handing back some of the recent strong gains in the wake of the decision of top producers Saudi Arabia and Russia to extend their output cuts. By 08:50 ET (12.50 GMT), the futures traded 0.8% lower at $82.17 a barrel, while the contract dropped 0.8% to $85.59.…
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Oil retreats from 3-mth highs amid profit taking, dollar recovery
[ad_1] Investing.com — Oil prices fell on Friday as traders locked in profits after strong gains this week, while a recovery in the dollar, on the back of strong U.S. economic data, also weighed on crude markets. Crude prices had surged to April peaks on Thursday after data showed that the U.S. in the second…
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Japanese Yen Retreats as US Dollar Takes Flight Despite Debt Debacle. Higher USD/JPY?
[ad_1] Japanese Yen, USD/JPY, US Dollar, PBOC, Yellen, Biden US Debt Ceiling – Talking Points The Japanese Yen dipped after rising domestic PPI today ahead of CPI China’s PBOC added liquidity, but equity markets did little in response The US debt ceiling is creating anxiety in markets. Will it drive USD north? Recommended by Daniel…