SINGAPORE :Oil prices were broadly steady on Thursday as the prospect of higher fuel demand in China as it reopens post-COVID curbs was offset by fears that U.S. crude stocks hitting their highest for months may signal weakening demand in the world's no. 1 economy.Brent crude futures gained 1 cent to $85.10 a
SINGAPORE :Oil prices were broadly steady on Thursday as the prospect of higher fuel demand in China as it reopens post-COVID curbs was offset by fears that U.S. crude stocks hitting their highest for months may signal weakening demand in the world's no. 1 economy.
"U.S. crude oil ... inventories have continued to exceed expectations, which to some extent erodes the bullish sentiments brought from China's demand recovery hopes," said analysts from Haitong Futures. Federal Reserve officials on Wednesday said more interest rate rises are in the cards as the U.S. central bank presses forward with its efforts to cool inflation, although none were ready to suggest that January's hot jobs report could push them back to a more aggressive monetary policy stance.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil rises for 4th day as supply disruptions, China demand supportsSINGAPORE : Oil edged up in early trade on Thursday, extending gains for a fourth consecutive day, as crude loading disruptions in Turkey and optimism over China's recovering demand continued to buoy sentiment.Brent crude futures rose 14 cents, or 0.2 per cent to $85.26 a barrel by 0239 GMT, while U.S. We
Read more »
Singapore-based hair removal salon chain Strip defends China ad featuring orangutanSINGAPORE - Hair removal salon chain Strip said that some social media users in China may have drawn the wrong conclusion from one of its advertisements in the country featuring an orangutan. Read more at straitstimes.com.
Read more »
Real median household income in Singapore rose slightly in 2022 to S$10,099SINGAPORE — Median household income in Singapore grew 0.2 per cent in 2022 after accounting for inflation, in figures released on Thursday (Feb 9) by the Singapore Department of Statistics.
Read more »
SCDF, Singapore Red Cross to send help to Türkiye and Syria following deadly earthquakeSINGAPORE: The Singapore Civil Defence Force (SCDF) and Singapore Red Cross (SRC) announced on Tuesday (Feb 7) that they would provide humanitarian assistance in light of a devastating earthquake that
Read more »
NUS student thinks she’ll earn $10,000/month after graduation - Singapore News‘Young generation think they’re entitled to these salaries with no work experience’ — Netizens
Read more »
Morning Digest, Feb 7 - Singapore NewsHere are the top stories you might've missed...
Read more »