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…
The Dow closes lower as investors continue to sell stocks on recession fears after the Federal Reserve (Fed) insisted on tightening monetary policy to curb inflation. In addition, the Purchasing Managers’ Index (PMI) for the manufacturing and service sectors in…
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…
At least three Chinese state-owned refineries and large private refineries are considering increasing production by up to 10% in October compared with September. Stronger demand is expected and fuel exports may increase in the fourth quarter. Chinese refiners expect Beijing…
Today (September 22), the bitcoin price fell 2.70% to $18,434.80. Bitcoin moved in negative territory this morning after the Dow Jones Industrial Average fell 522 points on Wednesday (September 21) as investors worried about the latest round of rate hikes…
