WTI Elevates to Two-Week High Above $60 as US Sanctions Russian Oil Companies
West Texas Intermediate (WTI) oil prices, in particular, have surged to about $60.10 by Thursday morning in Asia, the highest level in nearly fourteen days. This boost followed fresh US penalties against key Russian oil firms, which led many to believe worldwide oil supplies would shrink. Reuters reported that the Trump team sanctioned Lukoil and […]
EUR/JPY Comes Down Below to 1.1600 as EU Announces New Russia Sanctions
During early trading in Asia on Thursday, the euro fell versus the yen, dipping under 1.1600 to around 1.1590. This drop followed the EU’s (European Union) latest penalties levied against Russia because of the conflict in Ukraine. What happens with initial figures for eurozone consumer sentiment—scheduled for release later—may also influence movement. The European Union, […]
Silver Prices Rise Above $48.50 as Traders Turn to Safe-Haven Assets
Thursday saw a little lift in silver costs (XAG/USD), bouncing back from a two-day slide to hover around $48.70 an ounce during Asian business hours. Investors became more hesitant as the data on US inflation for September is going to be released tomorrow on Friday. Consequently, demand for silver—often seen as a secure investment—rose alongside […]