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Oil prices gain 1% on bets Fed will cut US rates

Business World Philippines

|

November 26, 2025

Oil prices climbed about 1% on Monday on increased bets of a US interest rate cut in December and mounting doubts about whether Russia will get a peace deal with Ukraine that will boost Moscow’s oil exports.

Brent futures rose 81 cents, or 1.3%, to settle at $63.37 a barrel. West Texas Intermediate (WTI) crude gained 78 cents, or 1.3%, to settle at $58.84.

On Friday, both crude benchmarks closed at their lowest levels since Oct. 21.

The US and Ukraine sought to narrow the gaps in a peace plan to end the Russia-Ukraine war after a US proposal that Kyiv and its European allies viewed as a Kremlin wish list.

Recent price weakness was driven mainly by reported progress in Ukraine-Russia peace negotiations, analysts at energy advisory firm Ritterbusch and Associates said in a note.

Business World Philippines से और कहानियाँ

Business World Philippines

Business World Philippines

More than half of new articles on the internet are being written by AI – is human writing headed for extinction?

The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.

time to read

4 mins

November 28, 2025

Business World Philippines

Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR

THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.

time to read

1 min

November 28, 2025

Business World Philippines

Intel denies TSMC allegations that executive leaked trade secrets

Intel on Thursday denied allegations by Taiwan Semiconductor Manufacturing Company (TSMC) that one of its executives, Wei-Jen Lo, who formerly worked at the Taiwanese chipmaker, had leaked trade secrets.

time to read

1 min

November 28, 2025

Business World Philippines

Business World Philippines

PHL card payments seen growing to P4.2 trillion

CARD PAYMENTS in the Philippines are expected to grow to P4.2 trillion this year, driven by sustained financial inclusion efforts and improved infrastructure, according to GlobalData’s Payment Cards Analytics.

time to read

2 mins

November 28, 2025

Business World Philippines

Business World Philippines

Federal Land opens first FIFA-standard football field in Marikina City

THE Federal Land, Inc. (FLI) on Wednesday said that it seeks to encourage a more active lifestyle and bring new opportunities to Marikina City through its first football field aligned with the standards of the Fédération Internationale de Football Association (FIFA).

time to read

2 mins

November 28, 2025

Business World Philippines

Recto tax amnesty proposal seen providing relief while DoF grapples with audit abuses

THE FEDERATION of Philippine Industries (FPI) said a tax amnesty floated by the previous secretary of the Department of Finance (DoF) could be a good starting point as the department grapples with the issue of revenue officers abusing their authority when inspecting taxpayers’ books.

time to read

1 mins

November 28, 2025

Business World Philippines

Business World Philippines

Meralco to redeem remaining P2.87-B bonds in December

MANILA ELECTRIC CO. (Meralco) will retire the remaining P2.87 billion of its P7-billion 12-year bonds next month, it said in a stock exchange filing on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

AirAsia MOVE broadens network with VietJet Air flight integration

AIRASIA MOVE has added VietJet Air flights to its platform through a partnership with GalaxyJoy, expanding access to low-cost fares and boosting connectivity for travelers in the Philippines and across Southeast Asia, the AirAsia group’s online travel agency said on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

PHINMA St. Jude College Dasmariñas rolls out campus upgrades

PHINMA St. Jude College Dasmariñas Cavite is rolling out a slate of campus upgrades — including a computer lab, modern library and a mock hospital — as it accelerates its transition into the PHINMA Education Network.

time to read

1 mins

November 28, 2025

Business World Philippines

EU agrees on rules for online fraud protection

European Union (EU) member states and the European Parliament have agreed on new rules to force banks and other payment service providers to better protect their customers against online fraud, hidden fees and data leaks, the Parliament said on Thursday.

time to read

1 min

November 28, 2025

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