Gold prices started on Wednesday on the back foot as the traders resorted to booking profits after the metal had hit $4,500 an ounce. Silver also fell sharply, tracking losses in gold. The white metal had gained 8% on Tuesday and gave up most of those gains on Wednesday. Meanwhile, oil prices were largely steady
The United States captured a Russian-flagged oil tanker on Wednesday following a more than two-week pursuit across the Atlantic, according to US authorities, as part of a continued attempt to halt Venezuelan oil exports. The Marinera, originally known as the Bella-1, has previously avoided US naval blockades in the Caribbean and resisted Coast Guard boarding
US stock markets pushed to fresh intraday records on Wednesday before investors locked in early gains, leaving the Dow down roughly 0.5% and the S&P 500 essentially flat. The day’s mixed trading reflected a familiar tension: strong economic data from the services sector clashed with weak employment numbers. Energy refiners, led by Valero’s 3% gain
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also included escalating US actions on
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet
US government-backed deals to export Venezuelan crude from the beleaguered South American country have attracted interest from some of the world’s biggest majors and international trading houses, ramping up the importance of the country’s energy reserves in the wake of political changes. Oil major Chevron Corp and the global trading houses Vitol, Trafigura, and others have
Asian markets traded mixed on Friday as investors stayed on the sidelines ahead of a key US jobs report and a potentially market-moving Supreme Court ruling on the legality of President Donald Trump’s global tariffs. At the same time, developments around Venezuela’s oil sector, fresh data on China’s inflation, and a legal challenge by US
The United States has seized the oil tanker Olina in the Caribbean, as per a Reuters report. This marks the fifth vessel targeted in recent weeks as part of Washington’s efforts to restrict Venezuelan oil exports, the report added. Data from the shipping database Equasis shows the tanker was operating under a false Timor-Leste flag.
After failing to breach the $94,500 resistance zone, Bitcoin price pulled back towards a key support level as macro conditions and a lack of demand have taken their toll on risk appetite, particularly as sticky inflation data dampens hopes for further aggressive rate cuts. The shift in sentiment is visible across the Fear and Greed
Every trading day, three-four or sometimes five-letter stock tickers move steadily up and down on screens. Behind those simple symbols sit the shifting emotions of millions of investors, ranging from hope to fear. Some tickers, however, carry a story. From Southwest Airlines’ LUV to Harley-Davidson’s HOG and Ferrari’s RACE, certain stock symbols have long stood