Oil Prices Near $100 Amid Middle East Supply Fears
Crude oil prices are approaching the $100 per barrel mark as fresh strikes in the Middle East raise concerns about global supply disruptions. The volatility is impacting currency markets and industrial costs worldwide.
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China’s factory-gate price growth picks up in August as Iran war fuels energy volatility
China’s factory-gate price growth accelerated in August, while consumer inflation picked up again, amid volatile energy and commodity costs linked to the US-Israel war on Iran. The producer price index rose 3.8 per cent year on year last month, up from 3.5 per cent in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The reading beat a 3.6 per cent projection from economists polled by financial data provider Wind. Meanwhile, the national consumer price...
By Xinyi Wu
Read full article →Yen stands tall as dollar wobbles, oil's run towards $100 chills sentiment
The Japanese yen marked a significant climb on Wednesday, nearing its highest level since February as oil prices soared toward $100 per barrel due to escalating tensions in the Middle East. This development has made the U.S. dollar vulnerable against key currencies. Market participants are keenly awaiting U.S. inflation data that could sway central bank strategies.
Read full article →Oil nears $100 as fresh Middle East strikes raise supply risks
Read full article →Yen stands tall as dollar wobbles, oil’s run towards $100 chills sentiment
By Reuters
Read full article →Oil nears $100 as Middle East attacks raise supply fears
Oil prices rose for a fourth straight session on Sept. 9 as renewed attacks across the Middle East raised fears of further supply disruptions.
Read full article →Oil nears $100 as fresh Middle East strikes raise supply risks
Brent crude futures rise 1.4% to $99.33 a barrel
By Reuters
Read full article →Processing, packaging key to closing Nigeria’s N9trn food import gap
•As country spends N16trn on food imports in three years By Providence Ayanfeoluwa Nigeria’s huge food import gap presents a major opportunity for the domestic food processing and packaging industry to deepen local production, create jobs and retain more value within the economy, the Chief Executive Officer of Beta Glass Plc, Alex Gendis, has said. […] The post Processing, packaging key to closing Nigeria’s N9trn food import gap appeared first on Vanguard News.
By Urowayino Jeremiah
Read full article →Oil nears $100 as fresh Middle East strikes raise supply risks
Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions.
By Abubakar Ibrahim
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