Archive for Tag: market outlook

Brent Oil

MARKET OUTLOOK – Oil prices rise on China energy demand concerns

Brent Oil was trading 0.84% upat $85.06. Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent Crude...

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Oil hits multi-year high on OPEC+ restraint amid global energy crunch

Brent Oil  was trading 1.24% up at  $82.26. Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due to an American...

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Google wants to use AI to time traffic lights more efficiently

Alphabet (NASDAQ:GOOGL) Inc is trading up 1.77% at 2720.46 Alphabet (NASDAQ:GOOGL) Inc’s Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the...

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Oil hits fresh 3-year high after OPEC+ stays course on output plan

Brent Oil was trading 1.42% up at $82.46. Brent Crude was up 15 cents or 0.2% at $79.43 per barrel by 1215 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil rose 6 cents or 0.1% to $75.94, after gaining for the past...

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J&J Gains on Claims Its Booster Shot Raises Immunity Against Covid

Johnson & Johnson (NYSE:JNJ) is trading down 0.57% at 163.81 Johnson & Johnson (NYSE:JNJ) stock traded more than 1% up in Tuesday’s premarket on encouraging results from a phase-III real-world study on a booster dose of its Covid-19 vaccine. The company said its booster shot is 94% effective when...

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Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook

Brent Oil was trading 0.74% down at $72.89 Oil was down Monday morning in Asia but remained little changed even as increasing numbers of COVID-19 cases globally continue to cloud the fuel demand outlook. Brent Oil Futures fell 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) after...

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market Outlook

Gold Up, Boosted by Ongoing COVID-19 Worries

Gold was trading 0.40% up at $1,816.10 Gold was up on Tuesday morning in Asia as concerns over the recent COVID-19 outbreaks involving the Delta variant in several countries also gave the safe-haven yellow metal a boost. Gold Futures were up 0.51% to $1,818.50 by 1:05 PM ET (5:05...

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Market Outlook

Gold Down, But Inflation, COVID-19 Concerns Cap Losses

Gold was trading 0.98% down at $1797.10 Gold was down on Monday morning in Asia. However, lower U.S. Treasury yields in addition to concerns over the rising number of COVID-19 cases globally and its impact on the global economic recovery capped losses for the yellow metal. Gold Futures inched...

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Gold Up as Dollar Weakens, Investors Await Fed Minutes

   Gold was trading 1.51% down at  $1,810.50 Gold was up on Tuesday morning in Asia and was close to a two-week high Gold Futures rose 0.80% to $1,797.65 by 11:34 PM ET (3:34 AM GMT) after hitting its highest since June 18 at $1,794.86 on Friday. The dollar,...

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Gold Market Outlook

Gold Up Ahead of U.S. Inflation Data

GOLD was trading 0.38% up at $1,783.55. Gold was up on Friday morning in Asia as investors digested mixed signals from U.S. Federal Reserve officials on interest rate hikes earlier this week, while awaiting U.S. inflation data due later in the day. Gold Futures inched up 0.06% to $1,777.70...

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