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Finance & Markets

Crude Oil Inventories Rise, Defying Forecasts and Previous Data

The latest report from the American Petroleum Institute (API) revealed an unexpected increase in U.S. crude oil inventories, marking a significant deviation from market expectations. The API Weekly Crude Stock data indicated an actual increase of 1.019 million barrels. This figure contrasts sharply with the forecasted decrease of 1.900 million barrels, suggesting a weaker-than-anticipated demand…

hellenicshippingnews.com ·1h ago

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Quantexa Receives Morgan Stanley 2026 Innovation Award

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Wells Fargo Raises Oil Price Targets Citing Ongoing Supply Risks

Wells Fargo Investment Institute raised its crude oil price targets for 2027 on Tuesday, citing ongoing supply disruptions and inventory rebuilding needs.

Wells Fargo raises crude oil price targets for 2027 to $75-$85 per barrel
Supply disruptions expected to lessen in 2027, but premium remains
Factors like geopolitical risks and inflation keep prices high through 2027

1h ago ·hellenicshippingnews.com

Asia stocks gain ahead of U.S. PCE inflation; regional data in focus

Asian stocks were mostly higher on Wednesday as a slight retreat in global bond yields and softer oil prices provided some support to risk assets, while investors remained cautious ahead of key U.S.

Asian stocks gained ahead of U.S. PCE inflation data release
Nikkei 225 surged 2.2% on chip-related stocks and SoftBank rise
U.S. 30-year Treasury yields eased to 5.55%, supporting market rally

1h ago ·hellenicshippingnews.com

Oil bounces as jitters around Mideast supplies persist despite signs of recovery

Oil prices turned higher on Wednesday, rebounding after a sharp fall in the previous session, as investors weighed signs of recovering Middle East exports against lingering concerns over ongoing…

1h ago ·hellenicshippingnews.com

China leads race for Latin America’s mining sector as US pushes back

China is the dominant foreign investor in Latin America’s mining sector, outpacing the US in the race to secure resources essential to the energy transition.

1h ago ·hellenicshippingnews.com

Iron Ore Rises on Strong China Data

Iron ore futures climbed toward CNY 710 per ton, recovering from eight-week lows after data showed China’s manufacturing sector returned to growth in September, improving the demand outlook in the…

Iron ore futures rise to CNY 710 per ton, breaking eight-week slump
China's manufacturing sector regains growth in September
Investors anticipate lower trading volumes during National Day holiday

1h ago ·hellenicshippingnews.com

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