Forex

Oil prices climbed during Asian trading on Thursday, following data indicating a decline in U.S. oil inventories last week. However, traders adopted a cautious approach as they assessed the outlook for the new year. As of 20:39 ET (01:39 GMT), Brent Oil Futures gained 0.7%, reaching $75.13 per barrel, while…

Global stocks declined on Tuesday as rising U.S. Treasury yields weighed on markets, capping an otherwise strong year for equities with a subdued close. On Wall Street, early gains faded as the tech sector fell 1.04%. Some of the top-performing stocks of the year, including Palantir Technologies (NASDAQ: PLTR), Vistra…

The Mexican peso weakened by nearly 23% this year, closing the final trading day at 20.82 pesos per U.S. dollar on Tuesday. This marks the currency’s sharpest annual decline against the dollar since the 2008 global financial crisis. The peso experienced a turbulent year, starting with steady gains that lasted…

Abu Dhabi’s Mubadala Investment Company accounted for approximately 20% of the nearly $136.1 billion spent globally by sovereign wealth funds in 2024, surpassing Saudi Arabia’s Public Investment Fund (PIF) amid increased spending from Gulf nations. Mubadala and its subsidiaries invested $29.2 billion in 2024, up from $17.5 billion in 2023,…

On Tuesday, the final day of the year, U.S. natural gas demand from LNG plants reached a record 15.2 billion cubic feet (bcf), driven by the startup of two new gas-processing plants, according to preliminary data from financial firm LSEG. Demand for U.S. natural gas by LNG plants is expected…

Oil prices dropped by approximately 3% in 2024, marking a second consecutive year of decline. The decrease was attributed to a stalled post-pandemic demand recovery, economic challenges in China, and increased crude output from the U.S. and other non-OPEC producers, which contributed to a well-supplied global market. On the year’s…

Russian natural gas exports to Europe via Soviet-era pipelines through Ukraine were halted early on New Year’s Day as the transit agreement expired, with Moscow and Kyiv unable to reach a deal to maintain the flow amid their ongoing conflict. This marks the end of Russia’s oldest gas route to…

The price of Bitcoin has dropped to $92.7k, marking its first monthly decline since Aug Bitcoin continued its decline on Tuesday, driven by low year-end trading volumes, and was on track for its first monthly drop since early August. By 01:11 ET (06:11 GMT), Bitcoin had fallen 1.2% to $92,733.4.…

Gold Prices Steady Amid Year-End Lull, Poised for Strong Annual Gains Gold prices remained largely flat during Asian trading hours on Tuesday as year-end trading volumes thinned. However, the precious metal is on track to post impressive yearly gains, driven by significant interest rate cuts from the U.S. Federal Reserve…

Asian stocks eased on Tuesday amid cautious end-of-year trading, with investors scaling back expectations for significant U.S. rate cuts in 2025 and preparing for the incoming Trump administration. The dollar remained strong against most other currencies. Trading volumes were thin, with the New Year holiday approaching and Japan closed for…