Oil edges up in weekly rebound amid forecasts for squeezed supplies

24-07-2021
On Friday, both US and UK crude oil contracts edged higher and reported weekly percentage gains

US initial jobless claims climb to 2-month peak; labour market weakness persists

23-07-2021
US Labour Department said on Thursday that the number of Americans filing for first-time state unemployment benefits had jumped to a two-month peak during the week that ended on June 17

Oil climbs over 4 per cent despite rise in US inventories as risk-appetite roars back

22-07-2021
On Wednesday, both Brent and US WTI crude oil futures' prices gained more than 4 per cent

Oil losses over 7% as OPEC+ agrees to boost supply, delta insurgence weighs

20-07-2021
On Monday, both US and UK crude oil contracts nosedived more than 7 per cent

New York’s S&P slashes Kuwait’s credit rating amid lack of deficit-financing strategy

18-07-2021
US-based rating agency S&P Global had downsized Kuwait's credit rating to 'AA-' from a prior 'A+'

US initial jobless claims hit 16-month low, but supply shortages hamper manufacturing

16-07-2021
US Labour Department data released on Thursday had unveiled that US initial jobless claims had hit a 16-month low last week

US producer prices post biggest annual gain in 10-1/2 years as inflation fears mount

15-07-2021
US Commerce Department data had revealed on Wednesday that the US producer prices index had surged by the steepest pace in more than 10-1/2 years in June

US Consumers Prices Index post largest gain in 13 years; inflation has likely peaked

14-07-2021
US Consumer Prices Index had surged by the most in thirteen years last month

Oil rises over 2 per cent after IEA projects squeezed supplies in near term

14-07-2021
On Tuesday, crude oil gained as much as 2 per cent after Paris-based International Energy Agency had forecasted squeezed supplies over Q3, 2021

Oil prices gain more than 2 per cent as US inventories decline

11-07-2021
Crude oil prices gained more than 2 per cent on Friday, but remained little changed over the week

US jobless claims rise marginally amid choppy labour market recovery

10-07-2021
US labour Department said that the number of Americans filing for first-time state unemployment aids rose marginally last week, while continuing claims fall

US Job openings edge higher to new record, says JOLTS report

09-07-2021
On Wednesday, US Labour Department's closely monitored JOLTS report or Job Openings and Labour Turnover Survey had revealed that the US job openings rose marginally in May

Tempe’s ISM Survey shows US service sector activity grows moderately in June

08-07-2021
On Tuesday, an Institute of Supply Management (ISM) survey data had revealed that the ISM's index for US non-manufacturing activities PMI (Purchasing Managers' Index) fell to 60.1 in June

German investors’ morale points to continued recovery amid plunge in ZEW data

07-07-2021
On Tuesday, a ZEW economic research institute survey data had revealed that its index for German investors' sentiment fell to 63.3 points earlier in July

Oil pulls back from multi-year peak after OPEC+ suspends policy meeting

07-07-2021
On Tuesday, both US and UK crude oil futures' prices had wrapped up the day sharply lower

Merkel, Macron see strategic case for six Balkan states joining EU

07-07-2021
German Chancellor Angela Merkel said on Monday that she was anticipating six western Balkan states such as Serbia, Albania, Northern Macedonia, Montenegro, Kosovo and Bosnia-Herzegovina to join EU for strategic reasons

Eurozone business growth hits 15-yr high as restrictions ease, demand unleashed

06-07-2021
London-based IHS Markit said that its index for eurozone flash composite PMI (Purchasing Managers' Index) had accelerated by the steepest pace in more than 15 years in June

OPEC+ calls off policy meeting after Saudi-UAE stand-off; oil rally accelerates

06-07-2021
OPEC+ leaders had called off their policy meet on Monday following a Saudi-UAE stand-off over output curbs

US nonfarm payrolls post steepest gains since March 2020 as employers raise wages

04-07-2021
US Labour Department's closely watched employment data had revealed on Friday that US nonfarm payrolls had surged by 850,000 jobs in June

US initial jobless claims drop below 400,000; layoffs dip 16.7% to 21-yr low in June

03-07-2021
On Thursday, US Labour Department data had unveiled that the number of Americans filing for initial jobless claims dipped to the lowest since March 2020 pandemic-led shutdown

Oil prices gain traction amid a likely delay in OPEC+ supply cut, demand prospects

02-07-2021
On Thursday, both US and UK crude oil futures rose more than 2 per cent amid a delay in a July 1 OPEC+ policy meet

Roseland's ADP Research Institute says US private payrolls increase solidly

02-07-2021
On Wednesday, US ADP National Employment Report had unveiled that US private payrolls soared by 692,000 jobs in June

Oil clocks fifth straight weekly gain, ends at 3-yr peak ahead of July 1 OPEC+ meet

27-06-2021
On Friday, both US and UK crude futures logged their fifth straight week of gains ahead of a high-stake July 1 OPEC+ meet

US consumer spending takes a breather; inflation rises 0.5%, gains 3.4% year-on-year

26-06-2021
On Friday, US Commerce Department data had revealed that US Consumer Spending, the lifeblood of US economy accountable for roughly 66 per cent of entire US economy, had stalled last month

US initial jobless claims dip as businesses boost spending, profit rebounds

25-06-2021
On Thursday, US Labour Department data had revealed that the number of Americans filing for first-time state unemployment benefits dipped last week