Page 57 - Texas Intermediate News Today

The Dow rose more than 300 points on Thursday as investors turned their attention to an important labor-market update due out Friday morning.

The gains come as traders turn their attention to the release of key US jobs data due later in the day, which could play a major role in the Federal Reserve's decision-making on when to lower

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.

Oil Prices: Geopolitical risk premiums due to the Israel-Hamas war, which had kept prices high due to global supply risks, are also fading, with Israel and Hamas considering a temporary ceasefire and holding talks with international mediators.

Reduced U.S. diesel consumption and worries about gasoline demand along with rising crude stocks have pushed WTI crude to the lowest level in two months

Stock markets rose Friday as cooling US job growth raised hopes of interest-rate cuts, while London hit another record high following speculation of a bidding war for mining giant Anglo

GLOBAL-OIL/ (UPDATE 8):UPDATE 8-Oil settles down on US jobs data, steepest weekly loss in 3 months

Currency settles at 278.21 against US dollar in inter-bank market

Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook...

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