Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restor...
TOKYO - Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.05% while Japan’s Nikkei slid 0.03%.Brent crude futures fell 0.64% to $64.14 a barrel while U.S. West Texas Intermediate crude lost 0.78% to $58.88 per barrel. “I would think a spike in oil prices will likely prove to be short-term given that the global economy isn’t doing too well,” said Akira Takei, bond fund manager at Asset Management One.
Gold was mostly flat at $1,501.70, while the 10-year U.S. Treasuries yield fell to 1.812%, compared to Friday’s high of 1 1/2-month high of 1.908% ahead of the Fed’s policy announcement on Wednesday. Possibly further complicating their discussion, short-term U.S. interest rates shot up this week, with overnight repo rates rising to 7%, due largely to seasonal factors such as huge payments for taxes and bond supply.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Mike Pompeo heading to Saudi Arabia to 'coordinate' response to Saudi oil attackSecretary of State Mike Pompeo is heading to Saudi Arabia and the United Arab Emirates to discuss the recent attack on Saudi oil facilities that has rattled world markets and left the region on edge.
Consulte Mais informação »
Oil falls more than 1% as market awaits response to Saudi oil attacksOil fell more than 1% on Tuesday as the market hung on tenterhooks following att...
Consulte Mais informação »
Russia: oil price hike reflects risks after attacks on Saudi oilThe spike in global oil prices on Monday was expected as prices need to reflect ...
Consulte Mais informação »
Chevron CEO: Saudi oil strikes won't have much short-term impact on U.S. oil productionAttacks on Saudi oil plants will not have much impact on U.S. oil production in ...
Consulte Mais informação »
Oil stocks soared after a Saudi oil facility attack — Five experts on what the move meansOil stocks spiked following an attack on a Saudi oil production facility. Five experts discuss what investors can expect to happen now.
Consulte Mais informação »
Oil spiked a record 20% on the sudden attack to Saudi Arabian oil suppliesBrent crude oil hovered at about 8% higher on Monday morning, heading for the sharpest rise in almost three years.
Consulte Mais informação »