There are increased fuel demand worries as China battles a fresh wave of COVID-19 infections. US crude inventories rose significantly last week as domestic production increased. Markets are anxiously awaiting US inflation data. On Thursday, Crude oil (CL) futures prices declined for a fourth day due to worries that new COVID restrictions in China, the Read More…
The prospect of additional global interest rate increases could heighten oil demand worries. China lost more steam as retail sales decreased and industry output stagnated. The International Energy Agency forecast that Chinese oil demand will increase next year. Thursday saw a decline in oil prices as the dollar strengthened. The prospect of additional interest rate Read More…
Gold prices ended higher on Tuesday despite a strong dollar and Treasury yields. The rally came as investors sought safety amid uncertainty regarding Trump’s looming policy changes. Meanwhile, upbeat US data lowered expectations for Fed rate cuts in 2025. Gold is considered a haven in times of uncertainty. As market participants await Trump’s swearing-in on Read More…