Oil edges up as demand concerns duel with rate cut optimism

Oil prices ticked up on Thursday as optimism built that potential U.S. interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains, reports Reuters. Brent crude futures were up 51 cents, or 0.6 per cent, at $80.27 a barrel at 1107 GMT,...

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Gold rebounds as hopes for US Fed rate cut stay firm

Gold prices rose on Thursday, a day after U.S. inflation data suggested the Federal Reserve might reduce interest rates next month though the extent of cuts remains uncertain, prompting investors to await further economic indicators.Spot gold was up 0.5 per cent at $2,460.38 per ounce as of 1131 GMT, just...

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Russia's fuel supplies to Asia via Africa hit record high in July, LSEG data shows

MOSCOW, Aug 15 (Reuters): Russia's seaborne exports of oil products to Asia via the Cape of Good Hope almost doubled month-on-month in July to a record high of 1.1 million metric tons, as more vessels take the route around Africa to avoid the Suez Canal shortcut, LSEG shipping data showed.The...

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