WTI timid at $78.00 ahead of US PPI

WTI timid at $78.00 ahead of US PPI

West Texas Intermediate remains steady with thin trading, possibly due to anticipation of upcoming producer price figures from the US. The WTI crude oil hovers around $78.00 per barrel in European trading on Thursday. Oil traders have absorbed the hawkish stance maintained by the US Federal Reserve, with the Federal Open Market Committee (FOMC) keeping … Read more

US-British strikes leave 16 dead in Yemen, Houthis say

US-British strikes leave 16 dead in Yemen, Houthis say

16 people were killed and 35 wounded in U.S. and British strikes on Yemen’s Hodeidah province. The strikes targeted a radio building in Al-Hawk district and port of Salif. The U.S. and British militaries launched strikes against Houthi targets in Yemen to deter the militant group from disrupting shipping in the Red Sea.