factory activity

Worries of US Regional Banking Crisis Add to Concerns Over Falling Oil Prices

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[ad_1] Last Updated: May 05, 2023, 06:12 IST Oil prices were also hurt by a strengthening dollar after the European Central Bank raised rates on Thursday. (Image: Reuters File) For the week, Brent was set to close down 8.7%, while WTI was set to close 10.5% lower Oil prices held steady in early trading on … Read more

Oil Prices Tumble as Weak Chinese Data, US Rate Hike Expectations Weigh Down Market

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[ad_1] Last Updated: May 02, 2023, 00:03 IST China’s manufacturing activity unexpectedly fell in April, official data showed on Sunday, the first contraction since December in the manufacturing purchasing managers’ index. (Image: Reuters File) Brent crude fell $1.88, or 2.3%, to $78.45 a barrel by 1:28 pm EDT (1728 GMT). U.S. West Texas Intermediate (WTI) … Read more