Tag: oil
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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Oil prices hit $100 for the first time since May
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
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EU agrees on new round of sanctions against Russia
The European Union has agreed upon a new sanctions package against Russia for its war in Ukraine, which includes a price cap on Russian oil.
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Oil prices rise to six-week high as US-Iran tensions escalate
Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday (Jul 23), with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose US$1.93, or 2 per cent, to US$96 by 12.11am…
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US-Iran tensions underpin dollar as yen nears 40-year low
TOKYO, July 23 : The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen languished near a 40-year low with little sign of a turnaround.The dollar index, which measures the greenback against a basket of cu
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Trading Day: $100 oil looms
ORLANDO, Florida, July 22 : The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my column today, I look at the yen’s sli
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Tankers make sharp U-turns after Houthi shipping threat
All of the ships were travelling to or from Saudi ports before changing course, ship-tracking data shows.
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Japan imports jump to record high on oil price surge, complicating BOJ policy
TOKYO, July 22 : Japan’s imports jumped to a record high in June, government data showed on Wednesday, as a weak yen and soaring oil prices drove up import costs and inflation, leaving the central bank in a policy bind. The swelling import bill has become a growing concern for policymakers, with the yen’s wea
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Oil prices rise slightly after US announces new round of strikes on Iran
July 22 : Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55 per cent, or 50 cents
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Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
HOUSTON, July 21 : Asian refiners are seeking to ship crude oil from Saudi Arabia’s Red Sea port through the Suez Canal and around Africa after Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The move marks the latest redirection of oil flows due to the U.S.-Israeli war wi
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