Fame king Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai at Token2049 in Singapore
business8 hours ago
By early afternoon in Europe, benchmark crude for April delivery was down 65 cents at $92.46 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 2 cents to settle at $93.11 on Monday.
Markets were rattled by the possibility of political paralysis in Italy after near-complete results in crucial national elections showed no clear front-runner. The uncertainty bodes ill for the nation’s efforts to pass the tough reforms it needs to overhaul its debt-laden economy. That could fire up Europe’s long-simmering crisis of confidence in the euro common currency.
“It seems that Italy is repeating the same story as Greece, bringing renewed uncertainty about European political and economic conditions and further volatility and nervous trading across the markets,” said a report from Sucden Financial Research in London.
Adding to the downbeat mood were weak manufacturing figures from China on Monday and looming spending cuts in the U.S. as political leaders in Washington remain at odds over how quickly to trim the budget deficit.
Investors will also be monitoring fresh information on U.S. stockpiles of crude and refined products.
Data for the week ending Feb. 22 are expected to show a build of 2.6 million barrels in crude oil stocks and a draw of 1.5 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department’s Energy Information Administration — the market benchmark — will be out on Wednesday.
In London, Brent crude was down $1.03 at $113.41 on the ICE futures exchange.
In other energy futures trading on Nymex:
Fame king Sheeraz Hasan unveils Hollywood.ai and Bollywood.ai at Token2049 in Singapore
business8 hours ago
The issue has become one of the most contentious in Canadian politics with a federal election due no later than October, 2025
americas8 hours ago
The Ukrainian was "upset" when his travelling companion was denied boarding for disruptive behaviour
sports9 hours ago
Malaysia wants to leverage Dubai’s geographical advantage as a strategic springboard
business9 hours ago
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena10 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world10 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena10 hours ago