Oil snowballs 5% as IEA brightens outlook, OPEC+ raises full-year demand forecast

15-04-2021
On Wednesday, both US and UK crude oil futures snowballed nearly 5 per cent after an upbeat demand forecast from the Paris-based International Energy Agency

US Consumer Prices post biggest gain in 8-1/2 years; underlying inflation heats up

15-04-2021
On Tuesday, US Labour Department data had unfurled that the US Consumer Prices Index had reported its largest gain in 8-1/2 years in March

US budget deficit hits record $666 billion in March with Biden stimulus disbursed

13-04-2021
US Treasury Department said in a statement on Monday that the US Government's budget deficit had hit a record $660 billion in March

Columbia-based IMF warns on rising debt risks in pandemic-hurt Mideast, Central Asia

12-04-2021
International Monetary Fund said on Sunday that the pandemic-battered Mideast and Central Asian economies must rebalance their financing amid growing debt risks

Crude oil edges lower, posts weekly decline on dismal supply & demand outlook

11-04-2021
Both Brent and US WTI (West Texas Intermediate) crude oil futures' prices edged lower on Friday

US weekly initial claims rise unexpectedly, but labour market recovery gathers steam

09-04-2021
On Thursday, amid a string of upbeat economic data, US Labour Department said in a statement that US initial jobless claims rose for a second straight week in a row

US Job openings jump to two-year high in latest boost to labour market

08-04-2021
On Tuesday, US Labour Department's Job Openings data had unveiled that the US job openings climbed to a two-year peak in February

Tempe’s ISM says US Services Sector activity scales record high, cost pressure mounts

06-04-2021
On Monday, an ISM (Institute of Supply Management) survey on US Service Sectors had unveiled that the US Service Sectors activities surged to an all-time high in March

Oil pummels 5 per cent as rising OPEC+, Iranian output weigh

06-04-2021
On Monday, both US and UK crude oil futures' prices faltered as much as 5 per cent over frets of a potential supply glut

Vaccines, fiscal stimulus power US non-farm payrolls to seven-month peak in March

04-04-2021
On Friday, data from US Labour Department had revealed that US non-farm payrolls had spiked to a seven-month peak in March

Tempe’s ISM says US manufacturing index races to 37-year peak in March

03-04-2021
On Thursday, an ISM survey on US factory activity had revealed that the US manufacturing activity had raced to 37-year high last month

OPEC+ agrees gradual ease of output curbs as crude oil soars more than 3 per cent

02-04-2021
On Thursday, crude oil futures climbed more than 3 per cent as OPEC+ member states had agreed to ease output cuts gradually following solid signs of a shoot-up in oil demands

US private payroll posts biggest gain in six months: ADP National Employment Report

02-04-2021
ADP National Employment Report released earlier on Wednesday had revealed that US private payroll surged by the most in more than six months in March

US Consumer Confidence hits one-year peak in March; house prices soar

01-04-2021
On Tuesday, a New York-based business research group, The Conference Board, said in a statement that its index for US Consumer Confidence had spiked to a one-year peak in March

Crude oil keels over as Suez Canal reopens; traders eye OPEC+ meet

31-03-2021
On Tuesday, both Brent and US WTI (West Texas Intermediate) crude oil futures' prices faltered more than 1 per cent

US Consumer spending, income temporarily fall ahead of massive fiscal stimulus

30-03-2021
US Commerce Department said later last week that its index for Consumer Spending, the lifeblood of US economy accountable for roughly 66% of entire economic activities in the United States, fell by the most in ten months in February

Oil oozes 4% over frets Suez Canal blockage may last weeks

28-03-2021
On Friday, crude oil futures feathered as much as 4 per cent as investors remained fretted that a latest Suez Canal blockage might last for weeks

Oil slumped 4% on renewed lockdowns in Europe, strong US Dollar

26-03-2021
On Thursday, both Brent and US crude oil futures had pared almost all of their gains scored yesterday, tumbling as much as 4 per cent on frets of potential supply glut amid stiffer lockdown measures in major G20 economies

US initial jobless claims drop to one-year low in boost to economy

26-03-2021
On Thursday, US Labour Department said that the number of Americans filing for first-time state unemployment benefits fell to a one-year low

US factory activity shoots up in March amid rising cost pressures, says IHS Markit

25-03-2021
IHS Markit's flash US manufacturing PMI (Purchasing Managers' Index) soared to 59.0 during first half of March following a severe winter storm-led downfall in February

Oil jumps more than 6 per cent after Suez Canal ship runs aground

25-03-2021
On Wednesday, both US and UK crude oil futures had recouped the lofty losses digested in the previous session

Crude oil drops over 6% amid concerns over Europe lockdowns, vaccine chaos

23-03-2021
On Tuesday, both US and UK crude futures tumbled more than 6 per cent following a re-imposition of lockdown measure in a raft of major euro zone economies

Turkish Lira plunges to near record-low after Erdogan sacks Central Bank Chair

22-03-2021
On Monday, Turkish Lira rounded off 7.6 per cent lower against its American peer after opening up the day with a whiplash of 15 per cent against the greeback

Columbia’s IMF sees signs of stronger global recovery, warns of significant headwind

21-03-2021
On Saturday, the First Deputy Director of IMF (International Monetary Fund), Geoffrey Okamoto, said that there had been solid signs of an abrupt economic recovery following disbursement of a $1.9-trillion pandemic stimulus package from the US Government

Oil rises 2 per cent, but reports weekly loss as demand frets jitter

21-03-2021
Both Brent and US WTI (West Texas Intermediate) crude oil contracts fell as much as 7 per cent last week amid growing concerns over pace of pandemic vaccination campaigns in the 26-member euro zone