Month: October 2024

Oil Prices Steady in Asian Trading

Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals.

Brent crude futures rose 11 cents, or 0.14%, to $77.29 a barrel. US West …

China’s Central Bank Conducts Reverse Repos

China’s central bank conducted 61 billion yuan (about $8.64 billion) of seven-day reverse repos at an interest rate of 1.5% on Wednesday.

The central bank said that the move aims to keep liquidity in the banking system reasonable and ample, accordi…