Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a U.S.
Oil prices edged higher on Tuesday as market participants weighed supply cuts from OPEC+ that would tighten the global market against concerns about further interest rate hikes potentially hurting demand.
U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings.
Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains.
Analysis from Swiss online leading bank, Swissquote, has provided insight into the US financial markets ahead of the US jobs data coming out on Good Friday.
The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its monetary tightening cycle.
The shock reduction will start in May and last until the end of the year.
Oil prices jumped more than $5 a barrel on Monday's open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability.
Since the failure of SVB, Bitcoin has been gaining market shares to the detriment of other digital assets. Jerome Powell further confirmed that "the central bank will indeed raise rates in March."
DTC sales took off as a lifeline during Covid, now surpassing £122.7 in sales, according to eMarketer. However, companies must ensure they are properly equipped if they are to capture DTC's significant future potential.
Crude inventories fell by 7.5 million barrels in the week to March 24.
Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.
People are increasingly looking to travel internationally once again, leading to a rise in the travel industry, which had previously contributed 6.7 per cent of all gross value added in the UK in 2018.
The dollar was firm on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.
Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.
China is expected to account for around 40% of the increase in global oil demand this year as its economy emerges from strict lockdowns, but the increased use will not take prices back to 2022 levels, consultancy Wood Mackenzie said on Thursday.
The Bank of England and the US Federal Reserve have claimed the safety and strength of banking systems ahead of key decisions on interest rates.
Global LNG industry to face challenges in the medium-to-long term says IEEFA, predicting that there will be "sustained high global LNG prices and declines in gas consumption in Europe".
Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S.
Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.
After Silicon Valley Bank collapsed, the failure of regulatory action to stop declines in bank stocks prompted alarm on both sides of the Atlantic.
Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S.
Jobseekers remain optimistic about their job security and career progression prospects, according to the Robert Half Jobs Confidence Index.
Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into under-pressure lender First Republic Bank.
Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world's largest central banks sought to reassure and stabilise global financial markets.
Asian stocks steadied and U.S futures rose on Monday in relief at a weekend rescue deal for Credit Suisse and a concerted effort from central banks to shore up the mood, though trade was tense and volatile as contagion fears stalked financial shares.
Japan and Germany agreed on Saturday to coordinate closely on financial jitters stemming from problems among Western banks while carefully monitoring global markets and economy.
A look at the day ahead in Asian markets from Jamie McGeever.
Equity valuations are attractive to investors as UK equities slumped in 2022, while UK investors expect an innovation-friendly budget from the Chancellor.
Global equity trading amounts to over $100 trillion each year. Behind the market's rise are mobile brokerages that make it easier to buy or sell assets.
