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oil-price

Markets 8 months ago

Oil prices jump on report of Israel prepping Iran strike

Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.

Markets 9 months ago

'Bombshell' OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

Markets 9 months ago

OPEC+ agrees another accelerated oil output hike for June

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

Markets 10 months ago

Asian stocks rise on easing tariff worries; dollar perks up

Investors have been focused on the impending reciprocal tariffs promised by US President Donald Trump and its impact on the global economy as trade war fears grip markets.

Economy 10 months ago

Oil prices jump; optimism over China's consumption stimulus boosts Asia shares

The week is a busy one with a series of central bank policy meetings, including by the US Federal Reserve. It is widely expected to keep rates on hold when its meeting concludes on Wednesday.

Markets 11 months ago

Stocks slump, dollar towers as Trump tariff threat roils markets

World stocks are on track for their worst week since mid-December, slumping more than 2 percent.

Markets 1 year ago

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel's strikes on Iran had avoided the country's energy infrastructure while the yen fell to a three-month low after Japan's ruling party suffered an election drubbing.

Markets 1 year ago

China stimulus pushes global shares to new peak, boosts commodities

World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.

Economy 1 year ago

OPEC+ seen prolonging oil cuts into 2025, two sources say

OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival US production.

Lifestyle 1 year ago

Vinyl enthusiasts spin into action on Record Store Day

Saturday marked the UK's annual Record Store Day, created to support independent outlets, and vinyl enthusiasts were eager to get their hands on special reissues and new releases.