Monthly Archives: February 2022

Asian stocks drift lower, euro holds steady before U.S. inflation data

-Asian shares reversed early gains, with investors in Chinese stocks unsettled by U.S. moves against 33 Chinese entities, with markets otherwise waiting for U.S inflation data that could influence how fast the Federal Reserve raises interest rates. Traders are alert for rate hikes in both the euro zone and the United States after the European […]

Oil Mixed, Expectations of Tight Market Remain

Oil was mixed on Monday morning in Asia, reversing some earlier losses. Expectations that global supply would remain tight continued as fuel demand increases and investors took little notice of the small steps forward in the U.S.-Iran nuclear talks. Brent oil futures were up 0.31% to $93.56 by 11:44 PM ET (4:44 AM GMT) and WTI futures edged down 0.17% […]

Oil slips below $89 on speculation of faster OPEC+ hike

Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in U.S. inventories. While the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, has been expected to maintain its policy […]