Oil Jumps After Explosion And Massive Fire At One Of The Largest US Oil Refineries

Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows. In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.  According to the...

An Israeli airstrike in southern Gaza on Tuesday killed three Palestinians, the Quds News Network has reported, as IDF attacks continue across the Strip amid the US-Israeli war against Iran. The report said the Israeli strike targeted a vehicle in the al-Mawasi tent camp in southern Gaza and that a child was among those killed […]

Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, ​offsetting a modest uptick in investment demand, according to Reuters.  Indians celebrated Akshaya Tritiya, the ‌second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precious metal closed just over $4800 - kept buyer enthusiasm rather subdued.  "The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers...