WTI Oil Prices Drop to Near $56 as Prospects for Supply Rise on Ukraine Peace Talks
The price of West Texas Intermediate (WTI) — the primary benchmark for US crude — fell to as low as $56 a barrel during Asian trading on Thursday. The decrease in WTI oil prices is being driven mainly by a new wave of optimism that Russia and Ukraine may be nearing a peace agreement. If the relationship […]
Australian Dollar Weakens Despite Higher Inflation
The Australian Dollar has continued to fall against the US Dollar for the sixth day in a row. And this at a time when inflation expectations in Australia have risen. Australians expected prices to increase by 4.7% in December, up from 4.5% in November. Inflation typically supports a currency because it can push the central bank […]
S&P 500 Futures Continue to Trade Flat as Markets Await Crucial Inflation Data
U.S. stock market futures offered little direction on Wednesday night as traders looked ahead to a pivotal inflation report that could set the tone for markets. Futures linked to the S&P 500 rose a hair, or less than 0.1 percent, and Nasdaq 100 futures surged an additional 0.2 percent. Dow Jones futures were, meanwhile, slightly lower. Traders for […]