WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude oil inventory data. The US Energy Information Administration (EIA) reported that for the week ending March 1, crude oil stockpiles […]
BNB Price Surges 10% Amid Binance’s Global Regulatory Challenges
BNB Price Surges 10% Amid Binance’s Global Regulatory Challenges Binance Exchange, the world’s largest cryptocurrency trading platform by volume, is currently embroiled in a series of regulatory controversies across various jurisdictions. In Nigeria, the authorities have summoned CEO Richard Teng over allegations of money laundering and terrorism financing, as reported by the local newspaper, Punch. Further complicating matters, reputable media outlets like the Premium Times and BBC have highlighted Binance’s operational concerns, particularly its alleged […]
Stocks Rally as Powell Maintains Course on Interest Rate Reductions
Stocks Rally as Powell Maintains Course on Interest Rate Reductions On Wednesday, U.S. stock markets experienced a significant resurgence, particularly in the technology sector, which made a robust recovery from the previous day’s considerable downturn. This upward trend was largely influenced by investor reactions to Federal Reserve Chair Jerome Powell’s latest comments, suggesting that interest rate cuts are still on the table for this year. The Nasdaq Composite, known for its concentration of tech stocks, […]