Thu, Feb 22, 2024 3:20 PM
Uber CEO Aims to Get Into Cheap Rides in ‘Toughest Market’ India
A Flip by Avya Verma
Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30.
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The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Fed will cut interest rates in December. The CPI rose 0.2% in October for the fourth straight month and advanced 2.6% on an annual basis, the Labor Department's Bureau of Labor Statistics said.
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Gold prices were flat on Thursday after hitting a two-month low earlier, pressured by a stronger U.S. dollar and uncertainty regarding the pace of the Federal Reserve's interest rate cuts. Spot gold was flat at $2,573.73 per ounce, as of 0026 GMT, after hitting its lowest level since Sept. 19 earlier in the session. U.S. gold futures fell 0.3% at $2,578.00.
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