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Tag: oil price

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Oil Set for Weekly Gain on Signs of Strengthening Demand

Oil prices advanced during Asian trading on Friday, marking a significant weekly gain for global benchmark Brent, its first increase in three weeks. The...

Oil Prices Rally as Soft CPI Weakens Dollar and US Inventories Decline

Oil prices surged in Asian trading on Thursday, extending gains from the previous session as a softer-than-expected U.S. consumer inflation reading weakened the dollar...

European Stocks Retreat Despite Global Rally on Downbeat Earnings

European stocks experienced a slight retreat on Thursday despite a global rally fueled by U.S. inflation data, as investors grappled with disappointing earnings reports. As...

API Reports 3.1 Million Barrel Decline in U.S. Crude Stockpiles Last Week

The American Petroleum Institute (API) disclosed on Tuesday that U.S. crude inventories experienced a more pronounced decline than anticipated last week, signaling an uptick...

Oil Prices Ascend as US Inventories Decline; Attention Shifts to CPI Inflation

In Asian trading on Wednesday, oil prices climbed, propelled by industry data indicating a decrease in U.S. inventories, which heightened expectations of constrained supplies....

Australia’s S&P/ASX 200 Index Rises by 0.35% on Wednesday

Australia's stock market closed higher on Wednesday, with the S&P/ASX 200 index gaining 0.35%. The positive performance was driven by increases in the Metals...

Japan’s Nikkei 225 Gains 0.17% as Key Sectors Lead Market Higher

Japan's stock market closed higher on Wednesday, with the Nikkei 225 index rising by 0.17%. The positive performance was driven by gains in sectors...

European Stocks Mostly Lower as Investors Await US Inflation Release

European stock markets experienced a mixed session on Tuesday, with investors cautiously navigating corporate earnings announcements in anticipation of the upcoming US inflation reports. As...

European Stocks Mostly Lower as Investors Await US Inflation Release

European stock markets experienced a mixed session on Tuesday, with investors cautiously navigating corporate earnings announcements in anticipation of the upcoming US inflation reports. As...

What is the Canadian dollar correlated to?

The Canadian dollar, often abbreviated as CAD, is a key currency in the global financial markets, widely traded and recognized for its stability and...

Is the Canadian dollar stable?

The Canadian dollar, denoted by CAD or symbolized as $, is the official currency of Canada and ranks among the world's most traded currencies....

China’s April Crude Oil Imports Surge by 5.45% Compared to Previous Year

China witnessed a notable increase in crude oil imports in April compared to the same period last year, as refiners geared up for a...

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