Monday, July 15, 2024

Julius Baer News

Mercuria Teams Up with Envysion for Project Investment

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Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their…

U.S. Oil Futures Plumb Historic Sub-Zero Lows, Brent Plunges

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U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United…

Oil Hits $70 a Barrel

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Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air…

Oil Rises on U.S. Crude Stocks Fall

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Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also…

Oil Prices Creep Higher on U.S.-China Hopes and OPEC Talks

Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day's boost from growing expectations of a U.S.-China trade deal…

Oil Edges Above $71

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Oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S.

Oil Slips from Five-Month High

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Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible easing of a supply-cutting deal with OPEC countered concern that…

Oil Surges 5 Percent

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Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer…

Oil Down After Trump Urges OPEC Not to Cut Supply

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Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.Brent dropped $1.97 a barrel, or 2.8 percent…

Oil Rises Towards $77 After Slide, Demand Outlook Weighs

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Oil rose towards $77 a barrel on Wednesday after hitting a two-month low as the focus returned to looming U.S. sanctions on oil exporter Iran, although concern about a weaker…

Oil Prices Rise as Iranian Crude Exports Fall

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Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown…

Oil Slips as Trade War Worries Outweigh Iran Sanctions

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Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited…

Former Banker Pleads Guilty to Role in Laundering Embezzled PDVSA Funds

A former executive with Swiss bank Julius Baer pleaded guilty on Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuelan state-owned oil company PDVSA, the U.S.

Oil Up as U.S. Sanctions on Iran Expected to Tighten Supply

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Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply.Brent crude oil futures were up 75 cents to $74.50 per barrel at 1337 GMT and U.S.

Oil Falls for Second Week as Supply Concerns Ease

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Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.Brent…

Oil Hits $80, Highest Since Nov 2014, on Iran Concerns

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Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply…

Oil Hits Multi-year High on Tight Supply, Iran Sanctions

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Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the…

Oil Eases as Iran Exports Soar, U.S. Inventories Rise

U.S. could reimpose sanctions on Iran this month but surging U.S. supplies, stronger dollar cap market. Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in U.S.

Oil Struggles to Retain Gains as Trade War Concerns Build

Russian crude output hits 11-month high, almost 11 mln bpd; Saudi Arabia expected to cut its physical crude prices. Oil steadied on Tuesday, after the price posted its biggest…

Oil Retreats After Failing to Hit $70 a Barrel

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Oil prices fell on Thursday as investors booked profits after this week's rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies. Brent…