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Crude Oil Surges 11%
WTI crude oil futures surged 11% on Thursday, breaking above $111 per barrel—the highest level in nearly four years—as markets reassessed the scale of supply risks stemming from the ongoing...
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U.S. Baker Hughes Rig Count Climbs to 548, Signaling Modest Pickup in Drilling Activity
The U.S. Baker Hughes Total Rig Count has risen to 548, up from a previous level of 543, according to data updated on 2 April 2026. The five-rig increase points...
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U.S. Oil Rig Count Ticks Higher, Signaling Steady Drilling Activity
The U.S. Baker Hughes Oil Rig Count inched up this week, pointing to a modest increase in drilling activity across the country. According to the latest data updated...
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US Mortgage Rates Rise to 7-Month High
The average rate on a 30-year fixed mortgage climbed by 8 basis points from the previous week to 6.46% as of April 2, the highest level in seven months...
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European Stocks Close Lower
European equities bounced off their intraday lows but still finished sharply lower in a volatile Thursday session, as escalating military threats between the US and Iran reinforced fears of prolonged...
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DAX Finishes Lower
Frankfurt's DAX 40 trimmed sharper early losses to finish Thursday about 0.6% lower at 23,168, after reports that Iran and Oman were working on a memorandum of understanding to ensure...
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Atlanta Fed GDPNow Trims Q1 2026 U.S. Growth Outlook to 1.6%
The Atlanta Federal Reserve’s closely watched GDPNow model has revised down its estimate for U.S. economic growth in the first quarter of 2026, easing to 1.6% from a prior reading...
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Egypt Holds Overnight Lending Rate at 20% Amid Ongoing Inflation Pressures
Egypt’s central bank kept its overnight lending rate unchanged at 20.00% as of 02 April 2026, maintaining one of the highest benchmark levels in the region in an ongoing effort...
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Egypt Holds Benchmark Interest Rate at 19% Amid Ongoing Inflation Concerns
The Central Bank of Egypt has kept its key interest rate unchanged at 19.00%, according to data updated on 2 April 2026. The decision leaves the benchmark rate...
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FTSE 100 Rises for 4th Session
The FTSE 100 rose more than 0.5% on Thursday, outperforming its European counterparts as Brent crude advanced to $110 a barrel. The move came amid reports that Iran is preparing...
