Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures , which fell about 5% over the last three days, were up marginally from near-three week lows Read More
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 33 cents, or 0.41%, at $81.08 a barrel by 3:35 p.m. ET. U.S. West Texas Intermediate (WTI) Read More
Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.3% at $1,831.70 per ounce, after hitting a one-week peak in the previous session. U.S. Read More
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