Page 58 - Texas Intermediate News Today

Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S.... -May 01, 2024 at 08:59 pm EDT - MarketScreener

The Federal Reserve's next policy move is "unlikely" to be a rate hike, Chairman Jerome Powell said after the FOMC meeting on Wednesday.

Early morning trends in the GIFT Nifty indicate a strong start for the broader index in India, with a gain of 0.56 percent.

Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the US, the world's biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices. Still, prices fell more than 3% on Wednesday to a seven-week after the US Federal Reserve kept interest rates steady, which may curtail economic growth this year and limit oil demand increases, Reuters reported.

Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.

European stock markets diverged Thursday as investors digested the Federal Reserve interest rate outlook and awaited Apple's latest results on eve of critical US payroll data.

Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since...

LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since...

LONDON :Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March.Brent crude futures for July gained 79 cents, or 0.95 per cent, to $84.23 a barrel by 0959 GMT. U.S. West Texas Intermediate (WTI) crude for June climbed 69 cents, or 0.87 per cent, to $7

(Bloomberg) — Most Asian equities rose after Federal Reserve chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump Wednesday that hinted at intervention. Benchmark equity indexes advanced in Australia, Japan and Hong Kong, while falling in South Korea. Futures contract for US shares also rallied, suggesting…