Business

Korea’s August exports jump 68.7% to $98.25 billion on chips

congodailynews.com
The Republic of Korea’s outbound shipments surged 68.7% year-on-year in August to reach $98.25 billion, driven by sustained global demand for high-performance memory chips and artificial intelligence infrastructure. Data released by the Ministry of Trade,...
Diesel prices rise as US and Europe fuel supplies tighten
Business

Diesel prices rise as US and Europe fuel supplies tighten

congodailynews.com
Diesel prices remained elevated on Wednesday as tighter refined-product supplies kept pressure on fuel markets in the United States and Europe. U.S. ultra-low sulfur diesel futures jumped 7.4% on Monday to settle at $4.19 a...
Business

Brent crude jumps 9.6% to $83.30 amid Hormuz risks

congodailynews.com
Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S....
Gold falls below $4,000 after oil prices jump
Business

Gold falls below $4,000 after oil prices jump

congodailynews.com
Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level...
Brent crude rises to $74.16 as oil prices climb
Business

Brent crude rises to $74.16 as oil prices climb

congodailynews.com
Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89....