• August 27, 2024

US Home-Price Gains Outpace Inflation With 5.4% Annual Increase

(Bloomberg) -- Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb. A national measure of prices rose 5.4% from a year earlier, accor...

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• August 27, 2024

Oil Spread Balloons as Concerns Mount Over Libyan Supply

(Bloomberg) -- A spread that shows the difference in oil prices in Europe and Asia surged to the widest in 10 months on concern that swaths of supply from Libya are about to get halted. The premi...

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• August 27, 2024

Gold Edges Lower as Traders Seek Clues on Fed Path for Rate Cuts

(Bloomberg) -- Gold snapped two days of gains, with traders looking ahead to US inflation data that will offer clues on the Federal Reserve’s rate-cutting path. Bullion edged below $2,510 an ounc...

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• August 27, 2024

Libyan Oil Shutdown Begins as UN Warns Feud Risks Economic Chaos

(Bloomberg) -- Libyan oil output dropped as authorities in the OPEC member’s east enforced a shutdown, escalating a crisis the United Nations warned runs the risk of collapsing the economy. Produ...

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• August 27, 2024

USD/JPY and AUD/USD Latest Sentiment Analysis and Positioning

USD/JPY Analysis 49.50% of traders are net-long The ratio of short to long traders is 1.02 to 1, indicating a slight bias towards short positions Net-long ...

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• August 27, 2024

Oil pauses gains after surging on Libyan outages, Middle East tension

By Colleen Howe and Emily Chow BEIJING (Reuters) -Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7% in the previous three sessions, on supply concern...

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• August 27, 2024

Oil Steadies After Three-Day Rally as Libya Adds to Supply Woes

(Bloomberg) -- Oil steadied after a three-day rally, with the threat of a halt in Libyan supply countered by a still-shaky demand outlook. Brent crude traded above $81 a barrel after rising 7% in...

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• August 27, 2024

Goldman cuts oil outlook below $80 as OPEC+ risks send chill

(Bloomberg) — Wall Street is beginning to sour on the outlook for crude next year, with Goldman Sachs Group Inc. and Morgan Stanley lowering price forecasts as global supplies increase, including po...

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• August 27, 2024

Chatterjee Group Seeks Indian State Oil Firms’ Partnership for $10 Billion Project

(Bloomberg) -- US-based private equity firm The Chatterjee Group is seeking to partner with Indian state-run companies for its oil-to-chemicals project in the nation, according to people familiar wi...

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• August 27, 2024

PDD’s $55 billion stock crash sends warning on Chinese economy

(Bloomberg) — One of the last remaining bright spots for Chinese consumption is rapidly fading, as the nation’s economic malaise takes a toll on demand for even the most accessible of goods. In t...

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