Oil Set for Deep Weekly Loss Even as OPEC+ Delays Adding Barrels

Sep 6, 2024 | Markets

Key coalition members won’t raise production by 180k b/d Concern about demand weakness continues to hang over market Oil is poised for one of its biggest weekly losses this year, even as OPEC+ delayed a planned increase in output. Brent traded near $73 a barrel on...

CBOE Starts Platform for Trading Private Company Shares

Sep 5, 2024 | Markets, Private Markets

CBOE Private Markets registered an alternative trading system London-based Globacap to provide technology for new venture CBOE Global Markets Inc. is partnering with a London-based tech firm to create a US trading platform for shares of closely held companies, a...

Warren Buffett’s Haul From Bank of America Stock Sales Nears $7 Billion

Sep 5, 2024 | Markets

Warren Buffett extended his sales of Bank of America Corp. shares into September, reaping a total of $6.97 billion since the spree of disposals started in mid-July. In the latest round of transactions, disclosed in a regulatory filing Thursday, his Berkshire Hathaway...

Oil Swings as OPEC+ Production Pause Vies With Risk-Off Mood

Sep 5, 2024 | Markets

Brent trades near $73 a barrel after falling to 2023 lows US crude inventories dropped by 6.87 million barrels Oil fluctuated between gains and losses after risk-off sentiment in broader markets vied with an OPEC+ agreement to pause its planned crude production...

Iron Ore Sinks as Steel Group Warns of ‘Flash in a Pan’ Recovery

Sep 5, 2024 | Markets

Steel ingredient drops closer to $90 a ton amid oversupply Mills are losing money, people are pessimistic: GF Futures Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in...