Russia
Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year
Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
Crude oil WTI futures expiring in March inched up 0.1 percent to $76.45 a barrel
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
The U.S. dollar index fell 0.32 percent to 109.60, remaining near its two-year peak
Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
The U.S. dollar index gained 0.17 percent to 109.83, making bullion less attractive for other currency holders
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development
Major central banks will likely increase gold purchases in 2025, further boosting demand for the precious metal
