The Magazine for Asian Investors
Crude oil closed Thursday (Sept. 29) in the red as markets came under pressure from recession concerns. Investors keep an eye on the meeting of OPEC and OPEC+ next week. Investors are concerned that monetary tightening by the Federal Reserve…
Crude oil futures closed higher on Wednesday (Sept. 28) after the U.S. reported a decline in crude oil inventories last week. This indicates that oil demand continues to recover. The market was also helped by a weaker dollar and the…
Crude oil futures closed higher Tuesday (Sept. 27) after news that Hurricane Ian is approaching the Gulf of Mexico. Several energy companies have ordered their employees to evacuate their rigs. BP and Chevron, two of the world’s largest energy companies,…
Crude oil futures closed at their lowest level in almost 9 months on Monday (September 26) in volatile trading. The market was influenced by the strength of the dollar. This was compounded by fears that the U.S. Federal Reserve’s (Fed)…
Oil prices fell for a second day Monday on fears that fuel demand will decline due to the expected global recession. Both contracts fell by around 5% on Friday to their lowest level since January. The dollar index climbed to…
Crude oil futures closed sharply lower on Friday as fears grew that aggressive monetary tightening by the Federal Reserve could trigger a global recession and hurt energy demand. Both WTI and Brent crude futures closed at their lowest levels since…
Crude oil futures closed higher on Thursday (Sept. 22), boosted by recovering oil demand in China. In addition, oil supplies are expected to tighten due to the escalation of the war between Russia and Ukraine. Crude oil futures closed higher…
Crude oil futures closed lower on Wednesday (Sept. 21) after the Federal Reserve (Fed) raised interest rates by 0.75%, raising concerns among investors that this would hurt the economy and oil demand. Initially, crude oil futures rose on reports that…
Crude oil futures closed lower on Tuesday (Sept. 20) as markets were pressured by the appreciation of the dollar and fears that the Federal Reserve’s (Fed) interest rate hike will impact the economy and oil demand. A UBS analyst said…
Crude oil futures closed higher Monday (Sept. 19) amid tighter oil supplies. This is because investors are concerned that an accelerated rate hike by the U.S. Federal Reserve (Fed) will plunge the economy into recession and hurt oil demand. Crude…
