Page 137 - Texas Intermediate News Today

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

Excerpt

Europe's firm demand, softness in US oil supply growth, possible extension of OPEC+ cuts outweigh downside risk from softness in China's demand

Chinese shares led a rally around most of Asia on Monday amid a broadly optimistic global economic backdrop, but Japanese shares tumbled with the yen pinned near levels that have traders on guard for a currency intervention. U.S. stock futures also pointed firmly higher following a market holiday on Friday, when the Federal Reserve released data showing their preferred inflation measure indicated price pressures are further easing, bolstering bets for a June interest rate cut.

SINGAPORE: Oil prices rose on Monday, adding to recent gains amid expectations of tighter supply from OPEC+ cuts,...

Getty Images - STOCK(NEW YORK) -- Gas prices have surged higher at the outset of 2024, stressing household budgets and complicating efforts to cool inflation.Since the beginning of the year, the average national price for a gallon of unleaded regular gas has jumped nearly 14%, amounting to an increase of more than 40 cents per gallon, according to AAA data shared with ABC News.In some states, prices have climbed dramatically over the past month. In Utah, the average price of a gallon of gas has ...

(Bloomberg) — Chinese shares rose by the most in a month on fresh signs of an economic recovery, forming a bright spot in Asia. Gold hit a record.  Benchmarks gained in China and South Korea, while Japanese equities fell after a report showed confidence among the country’s large manufacturers weakened slightly for the first time…

Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing... -April 31, 2024 at 08:40 pm EDT - MarketScreener

(Bloomberg) — Equity markets in Asia look set to open higher Monday as fresh inflation data did little to alter views that the Federal Reserve will cut interest rates this year. Stock futures for the Nikkei 225 index pointed higher, while trading is still closed in Australia and Hong Kong due to holidays. Contracts for…

Federal Reserve boss Jerome Powell said the report "is pretty much in line with our expectations" and decision-makers were on track to hit their long-term inflation target of two percent.