Page 48 - Texas Intermediate News Today

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data...

(Bloomberg) — Stocks took a breather after rallying to all-time highs, with investors turning to Federal Reserve speakers and jobless claims data for new clues on the path of interest rates. S&P 500 futures were little changed, while Treasuries and the dollar posted small moves. Copper soared for another day because of a short squeeze…

West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.

At 11:28 a.m. ET, the Dow Jones was up 0.28 per cent, at 40,020.55, the S&P 500 rose 0.25 per cent, the Nasdaq added 0.21 per cent

Brent crude futures were up 88 cents, or 1.1%, at $83.63 a barrel by 1330 GMT.

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,...

Currency settles at 278.4 against the greenback in inter-bank market

Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation, though Wall Street pushed ahead with the Dow topping the 40,000-point mark mid session for the first time.Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year and sending Wall Street to record heights on Wednesday.

Crude and refined product futures rose across the board midday Thursday, led by notable gains in RBOB gasoline contracts, thanks to strong investor appetite for riskier assets like equities and...

Oil prices advanced on Thursday, continuing to benefit from recent data showing a larger than expected decline in crude inventories in the U.S. last week. Hopes of an interest rate cut in September contributed as well to the rise in oil prices.