Search Results for: Crude prices
Central Banks at Zero Failing to Turbocharge Effect of Cheap Oil
April 9th, 2015
Central bankers unable to cut interest rates are failing to turbocharge the effect of declining oil prices. Economists at Oxford Economics Ltd., a U.K.-based research group, say policy makers may be damping hopes that last year’s near-halving of crude ...
Asia stocks gain after Fed official signals slow rate rises
April 7th, 2015
Asian stocks rose Tuesday after Wall Street gained on a jump in crude prices and expectations the Federal Reserve will put off an interest rate hike until late in the year. KEEPING SCORE: The Shanghai Composite Index rose 1.8 ...
Oil retreats from large jump as focus returns to Iran talks
April 2nd, 2015
Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices. Major powers and Iran have stretched talks on Tehran’s nuclear ...
Norway Signals Reduction After Unexpectedly Holding Rate
March 19th, 2015
Norway’s central bank unexpectedly left interest rates unchanged and signaled another cut to protect the economy against a plunge in oil prices. The krone surged. The overnight deposit rate was kept at 1.25 percent, the Oslo-based bank said. The ...
Iran’s nuclear deal could open oil flood
March 17th, 2015
Iran, the U.S. and its allies are pushing ahead with talks over a nuclear deal that would change many things — perhaps none faster than the price of oil. Iranian exports in recent years have been essentially capped by ...
China and Middle East will drive oil demand: OPEC
March 16th, 2015
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In its monthly report, Opec forecast that global oil demand growth ...
U.S. stocks post biggest gain in 5 weeks
March 13th, 2015
Banking stocks rally after passing Fed’s stress tests U.S. stocks recorded the biggest gain in more than a month as expectations for a rate hike were pushed back following disappointing data on retail sales. Monthly sales at U.S. retailers ...
Asian Stocks Follow U.S. Shares Higher as Oil Resumes Rebound
February 6th, 2015
Asian stocks followed U.S. equities higher, with the regional benchmark index extending its weekly advance, as materials and energy shares gained amid higher oil prices. The MSCI Asia Pacific Index rose 0.4 percent to 142.14 as of 9:01 a.m. ...
OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending
January 26th, 2015
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you don’t invest in oil and gas, you will see more ...
Euro Near 11-Year Low as JGBs Plunge Before ECB
January 22nd, 2015
The euro traded near an 11-year low against the dollar and Japanese 10-year yields jumped the most since 2013 amid speculation the European Central Bank will boost stimulus through asset purchases. U.S. and European equity-index futures climbed and Hong ...
