Business News Asia
Last week, the release of stronger-than-expected employment data raised concerns about the US Federal Reserve (Fed) continuing to raise interest rates, leading to a decline in the stock market. The energy market also saw a decline with crude futures closing…
Oil futures closed lower on Friday, with investors selling crude futures due to concerns about Chinese demand for oil following the Lunar New Year holiday and the possibility of further interest rate hikes in the US after the release of…
Crude futures saw a decline on Thursday (Feb. 2), affected by a strong dollar and sluggish US manufacturing data. According to the US Commerce Department, US factory orders only rose 1.8% in December, below the expected 2.2% gain. Core capital…
Crude oil futures closed to a three-week low on Wednesday (Feb. 1) after the U.S. Energy Information Administration (EIA) reported a rise in crude inventories. The EIA reported that U.S. crude inventories rose by 4.1 million barrels last week, which…
Crude oil futures rose on Tuesday (Jan. 31) with the WTI crude futures closing up 97 cents, or 1.25%, to $78.87 a barrel, while Brent crude futures fell 41 cents, or 0.48%, to $84.49 a barrel. The increase in WTI…
Crude futures continued to decline on Monday, closing more than 2% lower amid concerns over rising interest rates from the world’s leading central banks and Russia’s ability to export large quantities of oil despite sanctions. This week, three top central…
The WTI oil prices rose on Tuesday as tensions in the Middle East tightened after a drone attack on an arms factory in Iran. The increase in prices was also influenced by China’s recent commitment to stimulate consumption, which is…
Crude oil futures closed lower on Friday, January 27, with prices falling below $80 per barrel, the lowest level in more than a week, as investors took profits. The market outlook is uncertain ahead of next week’s meeting of the…
Crude futures closed higher on Thursday (26 Jan), supported by expectations that global oil demand will see a strong recovery following China’s opening up. Markets also responded to better-than-expected US economic data, including Gross Domestic Product (GDP) figures. The US…
Crude oil futures closed slightly higher on Wednesday, January 25th, as fears of a recession overshadowed positive news of lower than expected US crude inventories. In the early trading session, WTI crude futures rose 1% to $81 after the US…
