Similar Stories to Oil Extends Gains Above $106 A Barrel on Bing News

"Everything is in a bit of a wait-and-see approach," said Stan Shamu, market strategist at IG in Melbourne, Australia, as traders waited to see whether the U.S. Federal Reserve would begin winding down its massive stimulus program. The Fed launched a major bond-buying program more than four years ago to help the U.S.

Topics:  stan shamu   ig   melbourne   australia   u.s federal reserve   the fed   traders   u.s    program   
BING NEWS:
  • USD/CAD reaches fresh multi-year highs near 1.4250 due to Trump tariff threats
    In the United States, the release of the hotter-than-expected US Producer Price Index (PPI) report on Thursday provided support for the US Dollar. The US PPI jumped 0.4% MoM in November, the largest ...
    12/12/2024 - 2:01 pm | View Link
  • Oil Extends Gains After U.S. Crude Stocks Draw
    Oil prices gain further in evening trade after U.S. crude inventories fell for a third consecutive week. Brent crude is up 1.5% at $73.26 a barrel, while WTI rises 1.9% to $69.93 a barrel. Crude oil ...
    12/11/2024 - 4:20 am | View Link
  • Oil ends lower after OPEC+ extends output through the first quarter
    Oil prices settled lower on Thursday, giving back early gains after a decision by major oil producers to further postpone a proposed unwinding of output cuts until the end of Ma ...
    12/5/2024 - 8:29 am | View Link
  • Oil Extends Gains on Russia-Ukraine War Escalation Fears
    1321 GMT – Oil prices extend gains in afternoon trade in Europe, rising more than 2% amid growing fears of an escalation in the war between Russia and Ukraine. The Ukrainian air force claimed on ...
    11/20/2024 - 12:31 pm | View Link
  • Oil Extends Gains on Ukraine-Russia Risks
    Crude futures press higher as the market considers risks of escalation in the Ukraine-Russia conflict after Biden approved Ukraine's use of U.S.-supplied long-range missiles that could strike ...
    11/17/2024 - 11:00 am | View Link
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