Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Gold drops 1% after in-line U.S. inflation data

Gold prices extended losses after U.S. inflation data came largely in line with expectations on Wednesday, increasing bets on a Federal Reserve interest-rate hike next month, while investors also awaited remarks from Chairman Kevin Warsh this week. Spot gold fell 1% to $4,611.79 per ounce by 1310 GMT (9:10 a.m.

U.S. Crude Stocks Barely Budge as Gasoline Inventories Fall

Crude oil inventories in the United States saw an increase of 100,000 barrels during the week ending August 21, according to new data from the U.S.

  • U.S. crude oil stocks increase by 100,000 barrels, 1% from five-year average
  • Gasoline inventories drop 2.5 million barrels, affecting daily production
  • Total products supplied average 20.5 million barrels daily, 3.0% decrease

More from Wednesday 26 August →