Page 3 - Daniel Hynes News Today

Dutch and British wholesale gas prices held steady on Friday morning as warmer forecasts limited some of the upside momentum sparked by expectations of intensifying competition from Asia for liquefied natural gas (LNG) deliveries.

The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.

The metal surged to a two-year high this week as traders ramped up bets that copper’s bull market is unfinished business.

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. Brent futures were up 13 cents, or 0.15%, at $87.42 a barrel, while US West Texas Intermediate (WTI) crude futures traded 6 cents higher, up 0.07%, at $82.75 a barrel at 0636 GMT.

Market remains concerned about demand in 2024 and on signs that a wider conflict in the Middle East could be avoided

Brent crude futures advances to $90.78 a barrel

Brent crude futures advanced by 30 cents, or 0.3%, to $90.78 a barrel by 0325 GMT, while U.S. West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $86.46 a barrel.

SINGAPORE (Reuters) -Oil prices extended gains on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. Brent crude futures advanced by 30 cents, or 0.3%, to $90.78 a barrel by 0325 GMT, while U.S. West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $86.46 a barrel. Both contracts rose more than 1% in the prior session after three sons of a Ha...

Oil prices edge up on escalation in Middle East tensions By Emily Chow SINGAPORE (Reuters) -Oil prices ticked up during trade on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil…

Oil prices extended gains on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. Brent crude futures advanced by 30 cents, or 0.3%, to $90.78 a barrel by 0325 GMT, while US West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $86.46 a barrel, Reuters reported.