Tag: Oil prices
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Oil prices rise more than $2 on Israel strikes on Lebanon
BEIJING, June 8 : Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while…
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European markets open mixed as AI stocks sell-off hits Asia
European stock markets had a mixed opening, as shares fell in Asia, with South Korea’s benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.
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Asian stocks slide on flare-up in Middle East fighting, oil eases off highs
“Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again,” analysts from Westpac wrote in a research report.
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Video. Markets ‘confused’ by US-Iran uncertainty, expert says
Video. Economics analyst Osama Rizvi believes the chance of markets getting “worse” or “ugly” is “more than getting better” due to the changing situation between the US and Iran. According to Rizvi, economic confidence is “going down” in Europe.
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