Oil prices fell slightly on Wednesday (November 19th) as an industry report showed rising crude inventories in the United States, reinforcing concerns about oversupply, although the decline was limited by tightening fuel markets following attacks on Russian oil infrastructure. Brent crude futures fell 44 cents, or 0.68%, to $64.45 a barrel at 09:23 GMT, after rising 1.1% in the previous session. U.S. West Texas Intermediate crude fell 46 cents, or 0.76%, to $60.28 a barrel, after rising 1.4% on Tuesday. Prices rose on Tuesday due to tighter diesel markets due to falling Russian exports,...
Silver edged higher above $52, nearing a record high, as investors sought safe-haven assets ahead of today's Federal Reserve meeting minutes and Thursday's pending U.S. employment report, both closely watched for clues on the future direction of interest rates. The Fed minutes are expected to reveal disagreements among policymakers over the need for further policy easing, while the jobs report is expected to show the U.S. economy added about 50,000 jobs in September, following earlier data showing unemployment benefits reached a two-month high in October. Expectations for a rate cut next...
The U.S. dollar edged higher Wednesday, with this safe haven helped by the fragile nature of global confidence, although gains are limited ahead of the release of the much-anticipated delayed U.S. jobs report. At 04:15 ET (09:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 99.552, close to a one-week high. Dollar helped by risk-off stanceGlobal equity markets have been hit hard this week amid concerns about valuations of artificial intelligence-linked stocks, and this has seen demand for U.S. Treasury bonds and thus the...