Articles by Rebecca Torres
AUD/USD Slips Below 0.71 as Fed Rate Hike Narrows Yield Gap
The Australian dollar dropped below 0.71 USD after the Fed's rate hike narrowed the yield advantage, with the RBA's next move now key.
Silver Rally Fades as Fed Signals Further Rate Hikes
Silver's pre-Fed rally vanished as the Fed's rate projections pointed to another hike, pushing COMEX silver down 4.1% from its high.
Brent Dips Below $106 as Fuel Stockpiles Rise
Brent crude slipped below $106 a barrel as US inventory data revealed larger-than-expected builds in gasoline and distillates, offsetting a smaller-than-anticipated crude draw.
Toronto Gas Prices Set to Spike Again as Winter-Blend Relief Fades
Toronto's brief winter-blend discount is set to vanish Thursday as prices are forecast to jump six cents to 189.9ยข per litre, erasing most recent savings.
Furnace Oil Prices Soar 84% in PEI Amid Refinery Shutdown
PEI furnace oil prices have jumped 84% year-over-year, reaching C$2.159/L, driven by soaring crude costs and a 75-day refinery turnaround at Irving Oil's Saint John facility.
Dollar Awaits Fed Verdict: Warsh's Tone Key at 2 p.m.
The Fed is set to hike rates by 25bps, but the dollar's fate hinges on Warsh's guidance. A hawkish surprise could boost USD; a cautious pause risks a sell-off.
Australia's Diesel Price Surge: Supply Is Secure, but Costs Bite
Australia's diesel supply is secure with 32 days of stock, but record prices are fueling inflation and an expected RBA rate hike. ASX 200 fell 1% as energy costs hit miners.
Global Fuel Unrest Tests Fiscal Resolve as Oil Stays Above $100
Fuel-price protests are spreading globally as Brent holds above $100, forcing governments to choose between passing costs to consumers or absorbing them via subsidies.
US Crude Stock Surge Eases Oil Rally, But Fuel Prices Stay Elevated
Oil and fuel futures declined Wednesday after an industry report showed a larger-than-expected U.S. crude inventory build, but the drop may not translate to lower pump prices yet.
IperionX's GenX Titanium Process Hits Key Milestone in 41-Hour Test
IperionX's GenX titanium process achieved 6x throughput and 75% lower power in a 41-hour test, but unit costs remain undisclosed. Shares rose 2.4%.
Oil Rally Stalls as Saudi Pipeline Repair Timelines Diverge
Crude prices surged as traders weighed conflicting repair timelines for Saudi Arabia's damaged pipeline, with energy stocks posting gains.
Gold Slips Below $4,350 as Oil, Dollar, and Yields Align Against Bullion
Gold dropped below $4,350 on Tuesday as oil, a firmer dollar, and rising Treasury yields weighed on bullion ahead of the Fed's decision.