Page 105 - Texas Intermediate News Today

Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for...

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(Bloomberg) — The stock market rebounded, with traders bracing for a deluge of results from Corporate America that will test this year’s $4 trillion rally. Earnings season kicks into full swing Friday, with JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. reporting. A solid economy is expected to fuel a rise in…

Oil prices held steady in early Asian trading on Thursday after gaining 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 4 cents to $90.52 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude futures were up 2 cents at $86.24 a barrel. Both contracts rose more than 1% in the prior session after three sons of a Hamas leader were kille...

Crude oil prices dropped from 5-month highs on Thursday amid concerns the Federal Reserve will keep interest rates higher for a longer period due to inflationary pressures.

Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.

Uday Kotak has warned of global economic turbulence as US inflation may delay rate cuts, keeping interest rates elevated. Kotak predicts US rate cuts postponed until closer to US elections while the rates will remain elevated in global economies including in India. Fed officials see key interest rate peaking, aiming to ease policy gradually. US inflation surges, dampening rate cut expectations.

The DoV stated that his appointment violated Central Civil Service Rules and was therefore considered void ab initio.

Odds of a June rate cut have been slashed as the Fed looks like it will have to grapple with further bouts of high inflation.

West Texas Intermediate (WTI) US crude Oil prices struggle to capitalize on the previous day's goodish bounce from the $84.00 mark, or over a one-week low and oscillate in a narrow band during the Asian session on Thursday.