Gold rose to a fresh all-time high on Thursday as precious metals continued to record gains. The upward trend reflected wider market confidence as central banks started easing their tight monetary policy stances, coupled with a safe-haven appeal of precious metals in an uncertain geopolitical environment. Gold added 0.57% at 6:38 am ET, selling for …
LATEST DEVELOPMENTS: Thousands seek shelter in Beirut schools Israeli strike hits border crossing between Lebanon and Syria BEIRUT/JERUSALEM, Sept 26 (Reuters) – Israel rejected proposals on Thursday for a ceasefire with Hezbollah, defying allies including the United States which had called for an immediate three-week halt in fighting to allow for diplomacy to avert a …
Continue reading “Israel rejects U.S.-backed Lebanon ceasefire proposal”
Politburo calls for measures to stop property market decline Pledge to ensure fiscal spending among steps signaling urgency China’s top leaders ramped up urgent efforts to revive growth with pledges to support fiscal spending and stabilize the beleaguered property sector, giving new momentum to stimulus measures aimed at arresting a slowdown in the world’s second-largest …
Continue reading “China’s Politburo Supercharges Stimulus With Housing, Rates Vows”
The Israel Defense Forces (IDF) announced on Thursday it is launching another series of attacks on what it described as “terror targets” belonging to Hezbollah in Lebanon. The news came just moments after Prime Minister Benjamin Netanyahu denied his cabinet was close to agreeing to a proposal of a ceasefire with the aforementioned organization. Previously, France said it was working …
The Bureau of Safety and Environmental Enforcement (BSEE) in the United States reported on Wednesday that approximately 29.18% of current oil production and 16.85% of natural gas production in the Gulf of Mexico has been shut-in due to Hurricane Helene. The BSEE said that 17 production platforms, or 4.58% of the 371 manned platforms in the …
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US President Joe Biden said an all-out war in the Middle East is possible but did not rule out the chance for a peaceful settlement during an interview on ABC’s The View on Wednesday. In the same interview, Biden also addressed his decision to step back from the 2024 presidential race, saying he is “at …
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The chief of the Israel Defense Forces (IDF) Northern Command, Major General Ori Gordin, claimed on Wednesday that the military has to be prepared for the ground offensive against Hezbollah in Lebanon. “We need to change the security situation, we need to be very strongly prepared to enter in a [ground] maneuver,” Gordin told Israeli …
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Crude oil prices ticked higher today, after the Energy Information Administration reported an inventory decline of 4.5 million barrels for the week to September 20. The change compares with a draw of 1.6 million barrels for the previous week, which in turn followed a small inventory build of less than 1 million barrels that nevertheless weighed on …
Continue reading “Oil Moves Higher on Significant drop in Crude Oil Inventories”
Weekly Petroleum Data for the week ending September 20, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 413.0 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. U.S. crude oil …
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Rocket sirens went off in Tel Aviv and “all over” central Israel, the Israeli Defense Forces (IDF) said in a post on X, early Wednesday. The IDF Home Front Command told residents to enter bomb shelters, according to the Times of Israel. The Israeli Defense Forces (IDF) said on Wednesday it intercepted a surface-to-surface missile …
Continue reading “Sirens sound in Tel Aviv and throughout central Israel”