Page 32 - Texas Intermediate News Today

Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel... -May 21, 2024 at 08:55 pm EDT - MarketScreener

(Bloomberg) -- Asian stocks struggled for solid footing amid a lack of local drivers after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyShare...

Asian investors fought Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia. After the previous day's retreat, most Asian markets rose Wednesday, with Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta all in positive territory.

The S&P 500 hit a record as investors headed toward Nvidia's first-quarter earnings release on Wednesday.

Futures for Brent crude dropped by 0.5%, to $82.45 a barrel. West Texas Intermediate (WTI) oil futures fell 0.6%, to $78.16.

Currency hovers at 278-279 level in inter-bank market

Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation rate.Prices of the ...

LONDON: Oil prices fell over 1% on Wednesday, retreating for a third straight day on expectations the Federal...

Asian investors struggled Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia.

Oil prices fell over 1% on Wednesday, retreating for a third straight day on expectations the Federal Reserve might keep US interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest consumer. The market also slipped as US crude oil and gasoline inventories rose last week, according to market sources citing American Petroleum Institute (API) figures on Tuesday. Analysts expected them to decline.