Page 128 - Texas Intermediate News Today

Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year,

U.S. West Texas Intermediate (WTI) crude futures for May increased by 17 cents, or around 0.2%, to $85.32 a barrel.

Gold prices hit another historic peak Tuesday and oil extended gains over rising tensions in the Middle East, while stocks wilted as traders worried whether the rally has run its

Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.

Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom.

The 10-year Treasury yield hit its highest level since November as traders readjust to a Fed rate cut delay.

Currency settles at 277.92 against the greenback in inter-bank market

USD/CAD seems to move in the negative direction for the second consecutive session, edging lower to near 1.3560 during the Asian session on Wednesday.

Currency hovers at 277-278 level in inter-bank market

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