September 2, 2024

Oil Extends Losses on Expected OPEC+ Supply Boost

Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth.

Brent crude futures were down 56 cents, or 0.7…

European Stocks Decline at Start of Today’s Trading

European shares inched lower on Monday as investors braced for a data-intensive week and awaited speeches from several European Central Bank officials, keenly watching for clues about the central bank’s policy direction in the coming week.

The pan-Eu…

Dollar Hits 2-Week High against Euro

The dollar rose to a two-week high against the euro on Monday, as traders awaited the release of the US jobs report this week.

The dollar index against six major currencies rose to 101.79 points in early Asian trading, and the index recorded 101.72 p…