(Bloomberg) — Gold (GC=F) rose in thin US holiday trading as investors digesting mixed domestic jobs data while mulling the outlook for Federal Reserve interest-rate moves. Most Read from Bloomberg Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it’s taking longer for out-of-work people … Read more
(Bloomberg) — Key rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in an effort to rein in volatility. Most Read from Bloomberg The Secured Overnight Financing Rate — an important one-day lending benchmark linked to activity in the repurchase agreement market — jumped … Read more
(Bloomberg) — Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures. Most Read from Bloomberg West Texas Intermediate fell 0.7% to settle below $70 a barrel. US natural gas futures fell by more than 5% Thursday, dragging down the energy complex after forecasts pointed to … Read more
By Ron Bousso LONDON (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick with in 2025. The retrenchment by oil majors comes after governments around the … Read more