Angelo Kourkafas
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Oil prices climb as Israel expands military operation in Lebanon
Oil prices rose on Monday morning after Israel stepped up its military operation in Lebanon. Crude prices climbed in early Asian trading on Monday after Israeli troops pushed further into Lebanon over the weekend, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal. At the time of writing, West Texas Intermediate (WTI) crude was up 2.88% at $89.88 per barrel, while Brent crude rose 2.43% to $93.33 per barrel.
Oil drops, stocks mostly higher despite AI concerns
Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel meanwhile...
Oil drops, stocks mostly higher despite AI concerns
Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated on Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel, meanwhile,...
Stocks slide on US inflation surge, tech weakness
Stocks slide on US inflation surge, tech weakness One analyst said βthe inflation fire is burning, but it has not yet jumped every fence in the neighbourhood.β Global stock markets mostly fell on Wednesday (Jun 10) as fresh strikes in the Middle East, a jump in US inflation and a tech sell-off weighed on sentiment. After mostly shrugging off the inflation report, the selloff accelerated on Wall Street, with all three major indices finishing sharply lower and the Dow off nearly two per cent.