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economy

Oil inched higher on large draw in US inventories; China concerns remained.
31 Aug 2023 International benchmarks for crude oil continued to rise on Wednesday, 30 August 2023 following reports from the Energy Information Administration (EIA) showing commercial crude inventories in the US fell 10.6 million barrels last week
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31 Aug 2023

economy

Official Data: China’s factory activities picked up in August but remained contracted.

A sub-index measuring new orders jumped to the expansionary territory for the first time in five months to 50.2 in August, while new export orders sub-index increased merely 0.3 percentage point
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31 Aug 2023

economy

EIA: US crude stocks registered another large drop on strong export activities.

The commercial crude inventories in the US registered another week of large drop, decreasing by 10.6 million barrels in the week to 25 August 2023, according to the latest report from the Energy Information Administration (EIA).
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31 Aug 2023

economy

Dalian Commodity Exchange: 31 August 2023 (Night trading)

The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 31 August 2023 settled as follows:
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31 Aug 2023

economy

Dalian Commodity Exchange: 31 August 2023

The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 31 August 2023 settled as follows:
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30 Aug 2023

economy

Oil prices received support from a weaker US dollar.

The US dollar index inched down on Tuesday after US job openings, an indicator of labour demand fell in July, which sparked speculations that the FED might step back on interest rate lifts.
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30 Aug 2023

economy

Dalian Commodity Exchange: 30 August 2023 (Night trading)

The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 30 August 2023 settled as follows:
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29 Aug 2023

economy

Oil market hinged between interest rate worries and possible supply disruption.

In addition, investors also eye the Chinese government’s actions to revive the stuttering economy, which could offer a clearer guideline on the demand outlook.
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