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The US Energy Information Administration (EIA) reported a crude oil inventory drop of 1 million barrels for the week to January 28. The agency said that at 415.1 million barrels, crude oil inventories were around 10% below the five-year average levels for this time of the year. The US Gasoline inventories added 2.1 million barrels last week, according to the EIA, compared with a build […]

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SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 15 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Thursday amid some lingering concerns about global growth and ongoing geopolitical tensions. A number of major markets, including those on the Chinese mainland and in Hong Kong, remain shut for the […]

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US private sector employment plunged by 301,000 jobs in January after jumping by a downwardly revised 776,000 jobs in December, payroll processor ADP reported on Wednesday, reflecting the impact of the Omicron variant of the coronavirus. Employment in the leisure and hospitality sector led the way lower, slumping by 154,000 jobs in January after seeing substantial gains in the fourth quarter. The trade, transportation and […]

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