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Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook.
Brent crude futures were up 94 cents, or 1.27%, to $74.84 a barrel at 0615 GMT. U.S. West Texas Intermediate crude futures were up 99 cents, or 1.41%, to $71.09.
Brent crude futures were up 94 cents, or 1.27%, to $74.84 a barrel at 0615 GMT. U.S. West Texas Intermediate crude futures were up 99 cents, or 1.41%, to $71.09.Sirens blared across Israel and loud booms were heard late Tuesday after Iran launched a missile attack on the country. The Israeli military said its missile defense systems carried out "a large number of interceptions," and a U.S. defense official said the United States intercepted some of the missiles to help defend Israel.
A look at the day ahead in European and global markets from Stella Qiu.
Shock at the attempt to assassinate former President Donald Trump is driving markets this Monday. For traders, their initial reaction has been to buy the U.S. dollar and bitcoin and sell longer term U.S. Treasuries the so-called Trump-victory trades as the incident galvanises his chances of winning back the White House.
Futures for 10-year Treasuries slipped , pointing to higher yields. Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation and debt.
Key developments that could influence markets on Monday:
- ECB President Christine Lagarde to speak at Eurogroup meeting in Brussels
- Euro zone industrial production data
- BlackRock, Goldman Sachs earnings results
- Fed Chair Jerome Powell interview at the Economic Club of Washington
Shock at the attempt to assassinate former President Donald Trump is driving markets this Monday. For traders, their initial reaction has been to buy the U.S. dollar and bitcoin and sell longer term U.S. Treasuries the so-called Trump-victory trades as the incident galvanises his chances of winning back the White House.
Futures for 10-year Treasuries slipped , pointing to higher yields. Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation and debt.
Key developments that could influence markets on Monday:
- ECB President Christine Lagarde to speak at Eurogroup meeting in Brussels
- Euro zone industrial production data
- BlackRock, Goldman Sachs earnings results
- Fed Chair Jerome Powell interview at the Economic Club of WashingtonOpenAI signs multi-year content deal with Time magazine
Time magazine has signed a multi-year content deal with OpenAI that would give the ChatGPT maker access to its archive of news content, the companies said on Thursday.
In response to user queries, the chatbot will cite and link back to the original source on Time.com, the companies added in a statement. The financial terms of the deal were not disclosed.
The artificial intelligence company has signed similar deals over the past few months with the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain-based Prisa Media.
While some media companies like the New York Times and The Intercept have previously sued OpenAI for the use of their journalism, these content partnerships are essential for training AI models. These deals can also provide lucrative opportunity for news publishers, who have historically been excluded from the profits that internet giants generate by distributing their content.
Time magazine has signed a multi-year content deal with OpenAI that would give the ChatGPT maker access to its archive of news content, the companies said on Thursday.
In response to user queries, the chatbot will cite and link back to the original source on Time.com, the companies added in a statement. The financial terms of the deal were not disclosed.
The artificial intelligence company has signed similar deals over the past few months with the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain-based Prisa Media.
While some media companies like the New York Times and The Intercept have previously sued OpenAI for the use of their journalism, these content partnerships are essential for training AI models. These deals can also provide lucrative opportunity for news publishers, who have historically been excluded from the profits that internet giants generate by distributing their content.