Oil Prices Teeter as Syrian Upheaval Meets Chinese Stimulus Plans
Published: Tuesday, 10 December 2024 01:43 | 
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Oil prices wavered Tuesday following Monday's gains, influenced by Syria's regime change and China's economic stimulus plans. WTI crude rose slightly to $68.52 per barrel, while Brent crude dipped to $72.03. The fall of Assad's regime in Syria introduced a modest risk premium, despite Syria not being a major oil producer. Concerns about potential impacts on Iran and Russia, key oil producers and Assad allies, contributed to market uncertainty. Meanwhile, China's pledge for monetary easing and fiscal stimulus provided some support to oil prices.
Has Russia 'Checkmated' the West With Oreshnik? Mike Maloney
Published: Tuesday, 10 December 2024 11:07 | |
| Today’s update exposes a critical and urgent threat that has been buried by mainstream media. For decades, global powers have taken steps
Monetary Policy Showdown: ECB Debates Limits of Rate Cuts
Published: Tuesday, 10 December 2024 09:53 | |
| The European Central Bank (ECB) is set to implement its fourth consecutive interest rate cut this week, but officials are divided on how much these reductions can stimulate the eurozone's struggling economy. While some policymakers advocate for rapid cuts to boost consumer spending and business investment, others are more cautious, arguing that structural issues like high energy costs and labor shortages are beyond monetary policy's scope. The outcome of this debate will influence the extent of the ECB's easing campaign and its potential to stimulate economic activity.
Crackdown on Corruption: US and UK Target Illegal Gold Networks
Published: Tuesday, 10 December 2024 09:43 | |
| The United States and the United Kingdom have imposed new sanctions targeting the illicit gold trade, which they claim funds Russian President Vladimir Putin's war in Ukraine and fosters corruption. The UK froze the assets of five individuals, including Kamlesh Pattni, a businessman accused of smuggling gold and laundering money through a global network. These sanctions aim to disrupt Russia's use of illegal gold to evade sanctions and bolster its military efforts.
Bullion Prices Climb Ahead of Critical US Inflation Reports
Published: Tuesday, 10 December 2024 09:42 | |
| Bullion prices edged higher for the third consecutive day, reaching near $2,675 an ounce, as market attention shifts to key US inflation data due this week. The reports are expected to provide insight into the Fed's final rate decision of the year, with traders anticipating a potential 25-basis point cut despite ongoing inflationary concerns.