Oil Reverses Decline as U.S. Crude Inventories Surge
Oil prices fell on Wednesday, followed data showing U.S. crude inventories rising more than expected, despite a recovery in refining activity.
Gold Falls 1% as U.S. Dollar and Bond Yields Rise
Gold prices fell 1% to $2,721.12 per ounce, as a stronger U.S. dollar and rising U.S. bond yields outweighed the safe-haven demand.
U.S. stocks fell sharply
U.S. stocks fell sharply on October 23, with the Dow Jones posting its worst session in over a month, as rising U.S. bond yields pressured market sentiment.
Main indexes
Dow Jones dropped 0.96% to 42,514.95 points.
S&P 500 fell 0.92% to 5,797.42 points.
Nasdaq Composite declined 1.6% to 18,276.65 points.
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