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News Highlights: Top Energy News of the Day - Vimarsana News

News Highlights: Top Energy News of the Day

Provided by Dow Jones Oil Recoups Some of the Week's Losses on Weaker Dollar Oil prices were higher in Europe, with a drop in the dollar helping to relieve some of crude's selling pressure of recent days. Climate Summit: How Do You Cut 50% of Greenhouse-Gas Emissions by 2030? WSJ analyzed several carbon-reduction measures in climate-change proposals. Now you can decide how to lower U.S. emissions to 50% of 2005 levels. Biden Pushes for Sharp Cut to Greenhouse-Gas Emissions The president sought to assert U.S. leadership in global climate talks at a summit that dre...

Palladium soars to within sight of $3,000 in record run - Vimarsana News

Palladium soars to within sight of $3,000 in record run

Palladium soars to within sight of $3,000 in record run SECTIONS Last Updated: Apr 23, 2021, 10:09 PM IST Share Synopsis Many analysts expect a further run towards $3,000 as automakers ramp up purchases of the metal, worsening a supply shortage. ETAuto Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain. Related Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on Friday on supply concerns and bets for improving demand, while gold pulled back on strong US economic data. Palladium jumped mo...

Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices - Vimarsana News

Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices

Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices GOLD, CRUDE OIL PRICE OUTLOOK: Gold prices are working on a three-day rally to US$ 1,850, up nearly 2.5% from Monday’s lows WTI crude oil prices jumped 2% on Yellen’s push for fiscal stimulus, which raises reflation hopes A weakening US Dollar and stimulus hopes may continue to support commodity prices Gold prices climbed for a third day as the US Dollar fell alongside Treasury yields, alleviating pressure on precious metal prices. Last night, US Treasury Secretary nominee Janet Yellen boosted market confidence by ...