Oil prices head for sharp weekly losses on U.S.-Iran ceasefire progress
As of 21:55 ET (01:55 GMT), Brent Oil Futures for July delivery slipped 0.5% to $93.24 per barrel, while West Texas Intermediate (WTI) crude futures declined 0.9% to $88.17 per barrel. Both benchmarks were set to post weekly losses of...
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Bitcoin recovers toward $74,000 as ceasefire reports lift risk sentiment
Bitcoin rebounds after geopolitical-driven selloff Bitcoin, the world’s largest cryptocurrency, rose 0.8% to $73,736.6 by 02:17 ET (06:17 GMT) on Friday. The move followed a decline to near $72,500 in the prior session, when the token came under pressure after...
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Asian equities rally on AI gains and easing Iran tensions
Tech-led surge lifts major Asian indices Asian technology shares tracked overnight strength in U.S. markets, where the S&P 500 and NASDAQ Composite ended at record highs, driven by AI-related companies. U.S. stock index futures were little changed during Asian trading...
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US PCE Inflation Seen Accelerating Again in April 2026
Headline PCE Inflation Outlook The US PCE price index is forecast to rise 0.5% month-over-month in April 2026. This would follow a 0.7% increase in March, which was the largest monthly gain since June 2022. The March surge was linked...
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Oil prices surge as U.S.-Iran strikes revive supply concerns
Oil prices rebound on renewed hostilities Brent oil futures for July delivery jumped 3.8% to $97.83 a barrel by 00:16 ET (04:16 GMT), while West Texas Intermediate (WTI) crude futures climbed 4% to $92.26 per barrel. The gains followed steep...
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