Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as U.S. President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair. Brent crude settled up 69 cents, or 1.07%, at $64.89 a barrel. U.S. West Texas Intermediate crude was up 83 cents, or 1.39%, to $60.74. U.S. crude futures briefly rose by more than $1 a barrel in afternoon trade to a session high of $60.92 after Trump announced the Federal Reserve chair interviews. Trump has been vocally critical of...
The US dollar strengthened slightly in trading on Tuesday evening in Asia (November 18th), holding within the 99.4–99.6 range after a moderate rally in the previous two sessions. Real-time data showed the US Dollar Index hovering around 99.52, a slight increase of around 0.04%, with a daily range of 99.40–99.66. This strengthening occurred amid selling pressure on global stock markets, with major indexes in Asia and Europe weakening sharply following a continued correction on Wall Street triggered by concerns about high valuations of technology and crypto stocks. In the foreign exchange...
Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,060, bouncing back after slipping to $3,998 earlier in the Asian session. The risk-off tone is being driven by broad equity weakness, with global stocks sliding after a sharp tech-led selloff spilled over from Wall Street into Asia and Europe. Investors are pulling back as worries build around stretched AI valuations ahead of Nvidia's earnings on Wednesday. However, the upside in Gold remains constrained amid...
Oil prices were steady on Tuesday (November 18), regaining ground after a decline earlier in the session, as traders weighed the impact of Western sanctions on Russian oil flows compared to the expected supply surplus next year. Brent crude rose 2 cents to $64.21 a barrel at 10:31 GMT. U.S. West Texas Intermediate (WTI) crude rose 6 cents to $59.97. "Traders are weighing the impact of the growing global surplus compared to U.S. sanctions disrupting Russian crude flows," said MUFG analyst Soojin Kim. Both benchmarks were trading about 1% lower at the start of the session. The U.S. Treasury...