简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:On Monday crude oil prices were flat, pressured by concerns that more U.S. interest rate increases may dent demand.
On Monday crude oil prices were flat, pressured by concerns that more U.S. interest rate increases may dent demand.
U.S. West Texas Intermediate crude was 0.3% or 27 cents, higher at $80.10 per barrel, while Brent crude was at $84.42 per barrel, 6 cents lower after hitting a session high of more than $85 earlier in the session.
Crude posted a second straight week of losses after Fed Chair Jerome Powell on Friday said the central bank might have to hike rates more to ease stubborn inflation further.
BOK Financials senior vice president of trading, Dennis Kissler, said there were still concerns about demand declining especially if there is another hike in interest rates. He added that the market was very nervous.
On Thursday, the Fed's preferred inflation gauge, personal consumption expenditures price index will be released, and on Friday non-farm payrolls data is due.
Although China halved stamp duty on equity trading, Chinese stock markets wiped out most of their strong gains on the opening on persistent concerns about a spluttering economy.
Saxo Bank‘s head of commodity strategy, Ole Hansen, said the oil market was focusing on whether Brent can regain momentum on a break above $85, Tropical Storm Idalia heading for Florida, and China’s actions to support its economy.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Federal Reserve officials had a meeting on June 17-18 during which some of them expressed a fall in interest rates in July. However, a lot of policymakers are still worried about the inflationary pressures that might emerge from US President Donald Trump’s import tariff decisions aimed at changing global trade. So, it seems the rate cut may not happen in July. Read this to know more.
A forex interbank rate is nothing but the wholesale currency exchange rate that banks and other major financial institutions use to trade currencies among themselves. Read more about it.
After correcting for two straight days, gold rebounded on June 26, 2025, across 24 Karat and 22 Karat categories in Mumbai, the financial capital of India. Check out the latest price update.
The Consumer Price Index (CPI) inflation dropped to a six-year low of 2.82% in May 2025, falling from 3.16% a month ago. Read this to know the extent of fall across food and non-food items.