Dollar edges higher; set for weekly loss after soft inflation data

Digi Power X has reported the filing of proxy materials and the results of recent voting with regulators, marking a significant step in its corporate governance process. This filing is crucial for maintaining transparency and compliance with regulatory standards.

Oil prices have risen as the market evaluates strong economic growth in the US alongside supply risks. This increase reflects a tightening supply situation, particularly as US crude oil inventories have dropped more than expected, indicating a bullish trend for prices.

US crude oil inventories have surged, exceeding expectations, indicating a significant increase in stock levels that reflects changing market dynamics. This surge comes amidst fluctuating economic indicators, including recent drops in job openings and initial jobless claims.

Venezuela has turned to floating storage solutions as its onshore storage tanks reach capacity, reflecting ongoing challenges in its oil sector amid geopolitical tensions and U.S. interventions. This shift highlights the country's struggle to manage its oil exports effectively.

The US economy demonstrated robust growth in the third quarter, driven by strong consumer spending and a significant rise in exports. This positive trend indicates resilience in the economic landscape, with consumer confidence playing a crucial role in stimulating demand.