Oil prices fell and Swissquote Bank said the ample global supply against a weak global demand outlook remains supportive of bearish positions, adding that a solid resistance is being seen in the $70-72 a barrel range. Source link
Oil prices were mixed in early Asian trade as market sentiment was weighed by persistent concerns of weak demand in China. Source link
The makers of Ozempic and Zepbound are fighting to stop compounded copies of their drugs. But it’s unclear whether they can ramp up production enough. Source link
Oil was more than 1% lower in Europe and headed for a weekly loss on a gloomy demand outlook and expectations of fewer Fed rate cuts. Source link
The euro was stronger and demand for the currency could improve given the speed of its recent depreciation against the dollar following the U.S. election, MUFG Bank said, adding that the risk of the ECB cutting rates by less than expected could also benefit the currency. Source link
European natural-gas prices continued to hover around their highest level this year on stronger demand and concerns over Russian flow disruptions. Source link
Oil prices edged higher in early European trade on signs of supply tightness but remain near two-week lows after OPEC again cut demand-growth estimates, with traders now focusing on Wednesday’s U.S. inflation data for interest-rate clues, ANZ Research said. Source link
(Reuters) -Tyson Foods beat Wall Street expectations for fourth-quarter results on Tuesday, as lower costs and strong demand for its pork and beef products helped offset slowdown in the chicken segment, sending its shares up 6% before the bell. More people are cooking at home rather than dining out due to higher food prices, which is helping Tyson Foods (NYSE:) that has been enjoying a rebound in demand for pork
The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further delaying its planned output hike amid market concerns over weaker global consumption and lower prices. Source link
European natural-gas prices edged lower in early trade but still hovered around this year’s highs as cooler temperatures and softer wind drive demand. Source link
