Page 32 - Daniel Hynes News Today

ANKARA - Oil prices climbed on Monday as Saudi Arabia's decision to raise crude prices for its sales in July increased supply concerns although the OPEC+ group pledged a limited output boost. International benchmark Brent crude was trading at USD120.38 per barrel at 0640GMT for a 0.55 percent increase after closing the previous session at USD119.72 a barrel. American benchmark West Texas Intermediate was at USD119.53 per barrel at the same time for a 0.55 percent gain after the previous sess...

Meanwhile, analysts argue over the market's health as inflation skyrockets.

As Shanghai eases curbs, EU leaders meet.

Iron ore prices rose on Friday, recovering from one-week lows hit in the previous session, as traders shifted focus away from the grim economic outlook for top steel producer China to possible additional stimulus measures to meet its growth target. The most-traded iron ore, for September delivery, on China’s Dalian Commodity Exchange DCIOcv1 ended daytime ...

Brent for July settlement fell 1.1% to $112.13 a barrel on the ICE Futures Europe exchange.

Chinese steel demand is expected to recover as lockdowns ease and stimulus becomes more effective in the September quarter.

Iron ore has fallen around a quarter from this year’s peak in early March as covid restrictions spread.

Brent for July settlement added 1.1% to $111.32 a barrel on the ICE Futures Europe exchange.

Several markets are closed in the region for holidays, including China, Japan, Singapore and India. Hong Kong will return to trade from a holiday on Monday.

Chinese markets in the day ahead will be top-of-mind for investors, with mainland as well as Hong Kong stocks plunging on Monday.