Page 65 - Texas Intermediate News Today

- US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26

The dollar steadied and London shares were slightly higher in holiday-thinned trading Wednesday as investors awaited clarity on the outlook for US interest rates.

(Bloomberg) — Bonds climbed after the Federal Reserve decision was not as hawkish as feared by Wall Street, with Jerome Powell saying it’s unlikely the next move will be a rate hike. Treasuries also gained as the Fed agreed to slow the reduction in its bond portfolio. US two-year yields dropped below 5% as swap…

(Bloomberg) — Stocks extended this week’s losses after weaker-than-estimated economic data, with traders expecting the Federal Reserve to signal their rate-cut plan remains on hold. Equities edged lower after data showed US factory activity contracted — while input prices rose at the fastest pace since 2022. Separately, job openings figures signaled more softening in the…

U.S. crude oil fell below $81 a barrel Wednesday in the third straight day of losses as hopes for ceasefire in Gaza and growing concerns about the future course of interest rates in the U.S. weighed on prices. U.S. crude oil is now off 8% from its ...

Brent crude futures for July fell 95 cents to $85.38 a barrel

The outlook for Fed rate cuts continues to sour, with markets now pricing in just 1-2 cuts by the end of 2024.

Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserves latest decision to hold interest rates steady.

Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserves latest decision to hold interest rates steady.

Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserves latest decision to hold interest rates steady.