European Stocks Edge Lower as Debt Ceiling Deal Offers Short-Term Relief

[ad_1] Last Updated: May 30, 2023, 01:28 IST London, United Kingdom (UK) Asian stocks mostly rose, with Tokyo’s Nikkei surging to a new 33-year high. But Chinese stocks fell after data showed profits slumping at China’s industrial firms. The US debt deal is expected to provide only short-term relief for markets, as worries linger about … Read more

Oil Prices Surge Over 1% on US Crude Inventories Drawdown, OPEC+ Production Cut Prospects

[ad_1] Last Updated: May 24, 2023, 23:55 IST The U.S. Memorial Day holiday on May 29 marks the beginning of the peak summer travel season and higher fuel demand. (Image: Reuters File) Brent crude futures rose 90 cents, or 1.2%, to $77.74 a barrel by 12:29 p.m. EDT (1629 GMT) Oil prices rose over 1% … Read more