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Global Markets React to Oil Supply Surge, Crypto Expansion, and Tech Earnings
Stock Market News· 2025-09-23 07:08
Key TakeawaysOil prices declined for a fifth consecutive session as Iraq and Kurdish authorities agreed to restart a key pipeline, poised to add 230,000 barrels per day to global supply amidst oversupply concerns.South Korean crypto exchange Bithumb has partnered with World Liberty Financial (WLFI), a DeFi project linked to the Trump family, for significant expansion into the robust South Korean market, despite initial WLFI token volatility.Raspberry Pi (RPI) reported stronger-than-expected first-half profi ...
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Yahoo Finance· 2025-09-18 00:52
By Scott DiSavino NEW YORK (Reuters) - Oil prices eased on Thursday, settling lower as traders remained worried about the U.S. economic outlook a day after the U.S. Federal Reserve cut interest rates for the first time this year. Brent crude futures fell 51 cents, or 0.8%, to settle at $67.44. U.S. West Texas Intermediate (WTI) crude fell 48 cents, or 0.8%, to settle at $63.57. The Fed cut its policy rate by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing cost ...