May 04, 2024 9:53 a.m.
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economy

WTI crude oil near seven-week low amid economic concerns
03 May 2024 A surprise surge in crude and gasoline inventory in the US coupled with diminishing hope for cuts in key interest rates from the FED pressurised the sentiment.
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03 May 2024

economy

EIA: Crude and motor gasoline inventories surged in the US

The report showed that crude oil exports from the US fell more than 24% from the previous week to approximately 3.91 million barrels per day.
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30 Apr 2024

economy

Saudi Aramco expanded its presence in China through a series of acquisition

In July 2023, Aramco successfully acquired a 10% stake in Rongsheng Petrochemical for $3.4 billion with an attached 20-year contract to supply crude oil to Rongsheng’s subsidiary – Zhejiang Petrochemical.
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30 Apr 2024

economy

Dalian Commodity Exchange: 30 April 2024

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 30 April 2024 settled as follows:
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30 Apr 2024

economy

Crude plunged $1 amid ceasefire talks and concerns on Fed’s interest rate cuts

Additionally, markets closely monitored the US Federal Reserve's 01 May monetary policy review for insights into future interest rate decisions.
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29 Apr 2024

economy

Dalian Commodity Exchange: 29 April 2024 (Night trading)

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 29 April 2024 settled as follows:
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29 Apr 2024

economy

Dalian Commodity Exchange: 29 April 2024

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 29 April 2024 settled as follows:
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29 Apr 2024

economy

Crude prices gain on Middle East tension despite Dollar strength

On the other hand, the stronger US dollar exerted some pressure on the market, limiting the gains during the session.
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