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HONG KONG: Asian shares mostly held onto this week's gains on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve that boosted the dollar while weighing on risk appetite.
KUALA LUMPUR: The ringgit opened lower amid worries over the number of daily COVID-19 cases in the country, reaching a record high of 19,819 cases yesterday.
NEW YORK: Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles, negative U.S. economic report and worries the spread of the coronavirus Delta variant will weigh on global energy demand.
NEW YORK: Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly draw in U.S. inventories that had boosted prices early.
SINGAPORE: Crude oil prices reversed course after an early bounce on Tuesday, as concerns over coronavirus curbs combined with slowing factory activity in key markets weighed on sentiment.
A shortage of semiconductors has sent shockwaves through the global economy, squeezing supplies of everything from cars to headphones.
NEW YORK: Oil prices rose on Thursday, with global benchmark Brent topping $76 a barrel, as supplies in the United States tightened further after shrinking to the smallest levels since January 2020.
HOUSTON: The United States is swimming in so much jet fuel that even this summer’s surge in air travel can’t save the market.
NEW YORK: Oil prices edged higher on Friday and for the week after a strong recovery from Monday's steep slide, underpinned by expectations that supply will remain tight through the year.
HONG KONG (AFP): Asian markets rallied Thursday (July 22) as worries about the Delta variant were overshadowed by more strong earnings reports that indicated companies were faring well as the global economy emerges from last year's pandemic-induced collapse.