Oil futures fall after latest stockpile build| Reuters
Mar 23, 2016 at 07:30 | Source:
TOKYO Oil prices fell in early Asian trading on Wednesday after figures from an industry group showed U.S. stockpiles had risen more than expected.The front-month contract in U.S. crude futures CLc1 was down 36 cents at $41.09 a barrel by 0047 GMT. I...
Mounting debts could derail China plans to cut steel, coal glut | Reuters
Mar 23, 2016 at 05:45 | Source:
BEIJING China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.Tackling industrial overcapacity has ...
Brent ends steady; U.S. crude extends losses on stockpile build| Reuters
Mar 23, 2016 at 03:45 | Source:
NEW YORK Brent oil prices settled steady on Tuesday after the deadly blasts in Brussels while U.S. crude futures fell, then extended losses in post-settlement trade on industry data showing bigger than expected builds in domestic inventory.Oil prices...
Global stocks recover from early selloff; safe-haven assets ease| Reuters
Mar 23, 2016 at 02:15 | Source:
NEW York Global equity markets were little changed, regrouping from early losses while safe-haven gold and government bonds eased from higher levels on Tuesday following attacks on the airport and a rush-hour metro train in Brussels.Islamic State cla...
Stocks dip, safe-haven assets climb after Brussels attacks| Reuters
Mar 22, 2016 at 23:15 | Source:
NEW York Global equity markets fell on Tuesday while safe-haven gold and government bonds were in demand after attacks on the airport and a rush-hour metro train in Brussels triggered security alerts across western Europe.At least 30 people were kill...
Oil up on Cushing crude drawdown; eyes on U.S. output| Reuters
Mar 22, 2016 at 02:45 | Source:
NEW YORK Oil prices rose about 1 percent on Monday after data showed crude inventories at the Cushing, Oklahoma delivery hub for U.S. futures fell for the first time since January, and ahead of the expiration of the U.S. front-month contract.Oil's u...
Global stocks dip, dollar strengthens on Fed talk| Reuters
Mar 22, 2016 at 02:15 | Source:
NEW YORK Global equity markets edged lower on Monday as the dollar strengthened and U.S. Treasury yields rose on hawkish commentary from several Federal Reserve officials. Richmond Fed President Jeffrey Lacker said U.S. inflation is likely to accel...
Global stocks edge up as Fed outlook, China gains, trump oil slip| Reuters
Mar 22, 2016 at 01:45 | Source:
LONDON Shares edged up in Europe and Asia on Monday, shrugging off a retreat in oil on concerns over excess supply, as gains in Chinese shares and a benign U.S. interest rate outlook brightened the mood. The dollar edged up after falling for three su...
Wall Street flat as Fed still dominates investor sentiment| Reuters
Mar 22, 2016 at 01:15 | Source:
New York Wall Street traded flat on Monday as investors searched for fresh catalysts and grappled with mixed feelings about the U.S. Federal Reserve's dovish move last week that pushed the S&P 500 and Dow into positive territory for the year. U.S...
As Iraqi civilian rule weakens, Shiite clerics call the shots| Reuters
Mar 20, 2016 at 23:45 | Source:
BAGHDAD With Iraq's politicians tainted by corruption and the army's standing hurt by battlefield defeats, two Shi'ite clerics have re-emerged as leaders in matters of state. In their different ways, Grand Ayatollah Ali al-Sistani and Hojatoleslam Mo...
Oil retraces gains after 2016 highs; weekly rise still holds| Reuters
Mar 19, 2016 at 01:30 | Source:
NEW YORK Oil prices were in steady in volatile trading on Friday after hitting 2016 peaks, but were on track to multi-week gains on expectations of a production freeze by major exporters and stronger U.S. fuel demand.Strength in world equity markets,...
India in driver's seat as fuel demand roars at fastest rate ever
Mar 18, 2016 at 11:29 | Source:
Three hours east of New Delhi, in the village of Piplera, recently married Abhilekh Swami has stopped to refuel his first automobile, a Hyundai hatchback, at an Indian Oil filling station.Late model SUVs and Mercedes also ply the potholed roads and d...
Wall Street gains as commodities rally, dollar plunges | Reuters
Mar 18, 2016 at 01:45 | Source:
The S&P 500 and the Dow Jones industrial average turned positive for the year on Thursday, a day after the U.S. Federal Reserve signalled fewer interest rate hikes for the year. The Fed's dovish stance weighed on the U.S. dollar, which catapulted...